Private Equity
Wind Point Partners said Aug. 5 that it sold Evans Food Group to Highlander Partners. Financial terms weren’t announced. Evans, of Chicago, produces and sells a portfolio of finished pork rinds and pork rind pellets to customers in the U.S., Canada and more than ten countries across Latin America.
4 min read · 05 August 2019
Audax Private Equity has invested in Stonewall Kitchen. Financial terms weren’t announced. Centre Partners invested in Stonewall in 2014. Stonewall, of York, Maine, is a specialty food producer.
4 min read · 01 August 2019
AllTrails, a portfolio company of Spectrum Equity has acquired GPSies. Financial terms weren’t announced. GPSies, of Germany, is an outdoor recreation platform.
2 min read · 30 July 2019
Progressio has acquired Damiano, an Italian provider of organic dried fruits. No financial terms were disclosed.
3 min read · 26 July 2019
Alcedo SGR has acquired a majority stake in Eurochef, an Italian provider of branded and unbranded ready meals. No financial terms were disclosed.
5 min read · 26 July 2019
Jollibee Foods Corp is buying Coffee Bean & Tea Leaf for $100 million, according to press reports. Sellers include Advent International and other investors such as Sassoon family, Reuters said. Jollibee is the largest food service network in the Philippines. Coffee Bean, of Los Angeles, has 1,189 outlets spread across the United States, Southeast Asia and the Middle East, Reuters said. UPDATE: Total consideration for the deal is $350 million, according to an SEC filing.
1 min read · 25 July 2019
LNK said July 24 that it has exited Dogfish Head Brewery after selling the company to Boston Beer Co. The deal was announced in May. Dogfish’s portfolio of brands include 60 Minute IPA, 90 Minute IPA, Sea Quench Ale and Slightly Mighty. Boston Beer acquired Dogfish for $300 million, according to press reports.
2 min read · 24 July 2019
KKR is near a deal to buy Australian biscuit maker Arnott's for upwards of $3 billion, the Sydney Morning Herald is reporting. Arnott’s makes several popular Australian snacks, including Tim Tams, Iced Vovos, Shapes and Wagon Wheels, the story said.
1 min read · 24 July 2019
KKR is buying Campbell Soup’s international business for $2.2 billion, the Australian Financial Review reported. The deal includes biscuit brand Tim-Tams; KKR beat Pacific Equity Partners for the Campbell’s business, the story said.
1 min read · 24 July 2019
Ares Management Group has made an investment in Cooper’s Hawk Winery & Restaurants, a restaurant chain. No financial terms were disclosed. North Point Advisors served as financial adviser to Cooper’s Hawk while BofA Merrill Lynch did likewise for Ares.
4 min read · 23 July 2019
