PEG Pipeline and deal analysis in food industry

Thanks for all the referrals in the food industry and we have a few very interesting companies. My #networking90days is already starting to show strong pipeline of Cyber Security, Beverage, and government contractors. However, 1st what deal are cooking in the Private Equity Industry!

PEG PIPELINE

• Apollo Global Management has acquired AmQuip Crane Rental, a Trevose, Penn-based provider of rental lifting services, from Clearlake Capital Group. Financial terms weren’t announced. www.amquip.com/

• Ardian is acquiring Ascendi Group’s stake in Ascendi PT II, an owner and operator of five motorways in North Portugal and Lisbon. Ardian will pay Ascendi a consideration of 600 million euros ($668 million), to which 53 million euros ($59 million) can be added. ascendigroup.pt/en

• Canada Pension Plan Investment Board has invested $280 million inAdvance Disposal Services, a waste collection company based in Ponte Vedra, Fla. Advanced Disposal is owned by Highstar Capital. www.advanceddisposal.com

• Dyal Capital Partners, a fund managed by Neuberger Berman Group, has bought a less than 15% stake in H.I.G. Capital, a PE firm based in Miami.www.higcapital.com

• Excelle Sports, New York-based a women’s sports coverage platform, received strategic investments from Ropart Asset Management and The Madison Square Garden Company. Terms were not disclosed. www.excellesports.com/

• Jensen Hughes, a Baltimore-based fire protection engineering and consulting business, has acquired CASE Forensics, a Seattle-based provider of forensic science and engineering consulting services. Jensen Hughes is owned by Gryphon Investors. Terms were undisclosed. www.case4n6.com

• Tengram Capital Partners is acquiring a majority stake in Algenist, a San Francisco-based skincare brand, from TerraVia, a nutrition and specialty ingredients company also based in San Francisco. TerraVia will receive approximately $20 million and retain approximately 20% of the company at close.www.algenist.com

• Thomas H. Lee Partners has acquired Give and Go Prepared Foods, a manufacturer of baked goods based in Toronto. Give and Go has also concurrently acquired NAFTA CAT, a Toronto-based manufacturer of edible craft products.www.giveandgo.com

INDUSTRY INSIGHT FOOD & BEVERAGE

Should you want to speak with an expert in the industry or have a two day meeting in SoCal or DC, text JD at +1 858-869-9483 anytime! Food replacement is a growing industry as you know more and more space is being give to early stage companies in this industry. Below is a raw data we use for our analysis!

Dairy-free milk and cheese – Companies producing a variety of vegan dairy products.Ripple — recently launched in Target nationwide — raised $44M and offers a pea-based dairy-free milk. Kite Hill ($25M in funding) uses nut milk to make dairy-free cheeses, yogurts, and desserts, while Melt Organic ($2M) offers vegan butter and Wayfare provides dairy-free butter, cream cheeses, and sour cream.
Egg substitutes – Hampton Creek leads the category with $120M in funding to make its vegan, gluten-free egg substitute. Clara Foods ($2M) hopes to develop a lab-cultured egg white.
Meat substitutes – Companies offering animal-free meat products in various ways.Impossible Foods, which leads our chart with $183M in funding, makes a plant-based burger it claims tastes, looks, and feels like meat, and which made its first market entry in Manhattan restaurant Momofuku in July 2016. Beyond Meat ($17M) has a similar plant-based product, while Memphis Meats aims to create real meat without animals through lab culturing. New Wave Foods is working on plant-based shrimp.
Insect protein – Companies using insects – mainly cricket flour – for snacks and protein bars. Exo raised over $5M for its cricket-based protein bars, while Entomo Farms with $1M focuses on protein powder.
Animal-free gelatin – Gelzen raised $200K in seed funding aiming to engineer an animal-free gelatin, which would enable a wide range of products to become vegetarian.
Flavoring substitutes – NuTek, with $14M in funding from Khosla Ventures, sells potassium-based salt with 75% less sodium than table salt. Miraculex ($200K seed funding) aims to create a healthy sugar substitute.
Meal substitutes – Led by Soylent ($21.5M in funding, including from Andreessen Horowitz, Index Ventures, and Lerer Hippeau Ventures) these companies provide drinks they claim can fully replace the need for other food, if desired.
Gluten-free baked goods – Companies providing foods like waffles (Surprisingly Vegan, with $40K), frozen dumplings and Asian meals (Feel Good Foods, with $350K), and tarts (Hail Merry, with $6M) that are gluten-free.