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Brynwood Partners agreed to acquire a portfolio of brands from J.M. Smucker Co. (NYSE: SJM) for $ 375 million. The portfolio includes exclusive US rights to stable baked goods of the Pillsbury brand and Hungry Jack, White Lily Jim Dandy and Martha White . The Pillsbury brand is a household name, partly because of the popularity of its advertising mascot, the character Poppin's Fresh also known as Pillsbury Doughboy . The Pillsbury Trademark License Agreement is a perpetual copyright-free agreement with General Mills Inc. (NYSE: GIS) encompassing all stable US bakery products, including flour, blends pastry and ready-to-use products. Spread the icing, in the retail channel. The transaction also includes the 650,000-square-foot manufacturing plant in Toledo, Ohio, and is expected to close in the third quarter of 2018, subject to the usual regulatory review in the United States. Smucker purchased Pillsbury as part of its acquisition of International Multifoods Corp. "The agreement has added to its portfolio a range of so-called center-of-store brands, including muffin blends and icings," Bloomberg News . "More recently, the trend toward healthy eating has drawn consumers to the perimeter of grocery stores in search of fresh produce and less processed foods.This change in taste and habits has challenged businesses packaged food products and reduces the growth of many well-known brands. "Smucker's flour, baking ingredients, baking mixes and icings account for approximately 5% of sales during the course of the year. Fiscal year 2017, down about 10 percent in 2014, according to data compiled by Bloomberg.Brynwood, based in Greenwich, Connecticut, specializes in business exclusions. " is a brand case for Brynwood Partners and marks the 52nd brand acquisition of the 19th corporate vendor through our long history, "says Brynwood President Ian MacTaggart Brynwood did not maintain an investment bank, but was advised by Holland & Knight LLP for legal matters.
Investment Board of the Canada Pension Plan (CPP), through its subsidiary CPP Europe [S.à rl] and Silicon Valley TCV ] acquire together a minority interest in the sports data supplier Sportradar of the private equity firm EQT and the minority shareholders. The transaction values the company based in St. Gallen, Switzerland at 2.1 billion euros (2.4 billion dollars). Carsten Koerl founder and CEO, retains all of his majority stake and will continue to drive future growth and development. EQT also reinvests part of its sales proceeds in Sportradar. Other existing shareholders include: basketball legend Michael Jordan ; Ted Leonsis owner of Washington Capitals of the National Hockey League ; Mark Cuban owner of the Dallas Mavericks of the National Basketball Association ; and venture capital society Revolution Growth founded by Leonsis and America Online co-founder Steve Case .
Exhibitor a group network for women dealmakers that launched in 2017, is preparing for its first major event, called Exponent Exchange on July 12. The keynote speaker is Sallie Krawcheck who previously served as CEO of several banks, including Merrill Lynch Wealth Management and Citi Private Bank and is now the CEO of Ellevest an online investment site for women. Other speakers include: Lisa Bernstein Global Head of Human Capital, Apollo Global Management LLC (NYSE: APO); Sarah Bradley partner, Kainos Capital ; Janet Cowell CEO, Girls who invest; Mary Kathleen Flynn Editor-in-Chief, Mergers & Acquisitions ; Jennifer Lu Executive Director, Moelis & Co. (NYSE: MC) Natalia Oberti Noguera Founder and CEO, Pipeline Angels
Market News
AE Industrial Partners closed its second private equity fund, AE Industrial Partners Fund II LP with commitments of $ 1.36 billion. The fund will make control investments in the technical manufacturing, distribution and supply chain management, maintenance, repair and overhaul (MRO) and industrial services activities. "Through our deep operational expertise and valuable relationships in these areas, we are well positioned to discover unique opportunities and create value for our investors," says Michael Greene AEI Managing Partner. Eaton Partners was the placement officer of AEI, and Kirkland & Ellis provided legal advice.
Palladium Equity Partners invested in Spice World a supplier of garlic and other flavorings under the brand Spice World . Deloitte Corporate Finance and Moore and Van Allen advised Spice World. Piper Jaffray (NYSE: PJC ), Kirkland and Ellis and Simpson Thacher & Bartlett have counseled Palladium.
LLR Partners sold: IO Education to Insight Venture Partners -backed Illuminate Education. IO Education is a software provider as a provider of student data and professional management services. Harris Williams and Co. IO Education advised.
Core Industrial Partners- born Prototek Sheetmetal Manufacturing LLC Acquired Hayes Manufacturing Services, a manufacturer of machined plastic and metal parts with precision. Winston & Strawn represented Core and Prototek. Monroe Capital provided funding.
Canon Inc. purchased BriefCam a provider of video synopsis and in-depth learning services. The agreement expands Canon's offerings for network cameras, video management software and video content analysis software. Shea and Co. advised BriefCam.
Featured Content
Private equity firms are more active in the public sector than they were a few years ago, Brian Miller the CFO of Tyler Technologies Inc. (NYSE: TYL) recounts Mergers and Acquisitions. The $ 150 million transaction of the company for the data service company Socrata will probably not be the last. Tyler has made more than 40 acquisitions over the last decade. Read the full article: Tyler Technologies is sticking to the M & A strategy, despite competition from the EP
Justify recently joined the elite group of winners Triple Crown . But, like all those who bet that ponies know, they can not all be justifys. Sometimes you get a winner and sometimes, for reasons that are not clear to everyone, you get underperformance. This is a concept with which most fund promoters can be intimately familiar. You bet on investment because you anticipate its potential and understand the path it must take to achieve it. Here's a step-by-step guide to shaping a race form, written by Rishi Jain and Anthony Horvat: 6 Strategies to Turn an Underperformer into a "Mudder".
Huron Capital's New Flexible Equity Fund echoes businesses that "need a partner to help them grow or provide liquidity." ". I want to give up a majority stake, "says Douglas Sutton in this video interview shot at ACG InterGrowth 2018 . The Detroit firm won the M & A Mid-Market Award from Mergers & Acquisitions for 2017 Seller of the Year. Watch video: Huron Flex Equity resonates with homeowners who do not want to give up control
As dominoes begin to fall and momentum builds, timing will be important for investors . ] writes Jeffrey Howard managing partner of Salveo Capital an alternative investment company specializing in the legalized cannabis sector, in a guest article ]. For the most part, the question is not whether the federal government will legalize cannabis, but how much longer investors will be able to take advantage of this indefinite future to influence and benefit from the way the ecosystem finally takes shape, says Howard. If the M & A market can serve as a leading indicator, the track for investors is already getting shorter as strategic buyers are both a threat and an opportunity. In fact, the main players in Big Alcohol, Big Tobacco and Big Pharma have each made inroads into space, which proves the investment thesis, but will surely appeal to additional competition. Read the full article: How to seize the opportunities for mergers and acquisitions in the gray marijuana market
Summer Reading List : Stories of Stars Athletes Arnold Palmer, Keith Hernandez and Tiger Woods at the Boards of Contractors Bridgewater Associates & nbsp; Ray Dalio John Doerr of KPCB Phil Knight of Nike and Nathalie Molina Niño of Brava Investments, as well as strategies to help business leaders in general, and for merchants in particular, the 15 books on the list Mergers & Acquisitions & # 39; entertain, educate and inspire. Take a look at our list: Summer Reading Editor's Guide: 15 New Books
Mary Kathleen Flynn
Mary Kathleen Flynn joined SourceMedia in 2011 in as Editor-in-Chief of Mergers and Acquisitions. MK oversees brand content on all media platforms, including the website, e-newsletters, video, slide shows, podcasts, and print.
Demitri Diakantonis
Demitri Diakantonis joined SourceMedia in 2015 and is the Editorial Director of Mergers & Acquisitions. It covers all aspects of creating middle markets, focusing on strategic buyers and the consumer and retail sectors, and writes The Buyside column.
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