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Private Equity Doesn't (Historically) Have A Sweet Tooth
US LBOs in Candy Sector: 2004-2009
Target NameAcquiror Full Name
04/11/05Bobs CandiesFarleys & Sathers Candy Co Inc08/15/05Hill & Valley IncCircle Peak Capital LLC06/23/06Promax Nutrition IncMarwit Capital Corp02/26/07Bogdon Candy CoDynamic Confections Inc10/12/07Topps Co IncInvestor Group11/14/07Brachs Confections IncFarleys & Sathers Candy Co Inc12/31/07American Capital Strategies Ltd01/15/08Impact Confections IncBrazos Private Equity Partners LLC04/30/08Sorbee International LtdWerther Partners LLC07/18/08Pure of Holland LLCPromax Nutrition Corp08/20/08Hospitality Mints LLCLinsalata Capital PartnerspeHUB.com
DateEffective/Unconditional
New England ConfectioneryCo
 
Source: Thomson Reuters, peHUB.com
 
Synopsis
Catterton PartnersCircle Peak Capital LLC10.500Marwit Capital Corp15.000Dolphin Capital GroupInvestor Group304.783Catterton PartnersAmerican Capital LtdWerther Partners LLCMarwit Capital CorpLinsalata Capital Partners
Acquiror UltimateParentRanking Valueinc. Net Debtof Target ($Mil)
US - Farley's Sathers Candy Co, a unit of CattertonPartners, acquired Bob's Candies, a manufacturer of candies.US - Circle Peak Capital LLC acquired Hill & Valley Inc, aproducer of baked sugar free and no-sugar-added sweetgoods, in a leverage buyout transaction, for $10.5 mil incash.US - Marwit Capital Corp acquired Promax Nutrition Inc, aproducer of energy bars, for $15 mil, in a leveraged buyouttransaction.US - Dynamic Confections Group acquired Bogdon CandyCo, a manufacturer of chocolate candy products. Termswere not disclosed.US - An investor group, comprised of Tornante Co LLCand Madison Dearborn Partners LLC, acquired all theoutstanding common stock of Topps Co Inc (TC), amanufacturer and wholesaler of candy and collectibles, for $9.75 in cash per share, or a total value of $386.39 mil, ina leveraged buyout transaction. The transaction wassubject to shareholders and regulatory approvals andcustomary closing conditions. Subsequently, Upper DeckCo planned to acquire TC.US - Farleys & Sathers Candy Co Inc, a unit of CattertonPartners, acquired Brachs Confections Inc, a producer of confectionary products, from the Barry Callebut AGsubsidiary of Jacobs Holding AG.US - American Capital Strategies Ltd acquired NewEngland Confectionery Co (NE), a producer of candy andother confectionery products, from UIS Inc (UI). Originally,in October 2006, UI announced that it was seeking a buyer for its NE unit.Brazos Private EquityPartnersUS - Brazos Private Equity Partners LLC acquired ImpactConfections Inc, a producer and wholesaler of confectionery products, in a leveraged buyout transaction.US - Werther Partners LLC acquired Sorbee InternationalLtd, a producer and wholesaler of confectionary productsin a leveraged buyout transaction.US - Promax Nutrition Corp, a wholly-owned unit of MarwitCapital Corp acquired Pure of Holland LLC, amanufacturer of nutritional food products. Terms were notdisclosed.US - Linsalata capital Partners acquired Hospitality MintsLLC, a producer of mints and candies, from AmericanCapital Ltd, in a leveraged buyout transaction. Terms werenot disclosed.
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