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

Food Replacement Map

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.

We welcome referrals and introduction to any company that has $4 million plus in EBITDA.  Should it not be a good company, we will provide a referral!

Happy Networking,

JD Morris

JD Morris

Join me on LinkedIN: https://www.linkedin.com/in/jdmorris

Text your intro and just call +1 858-869-9483 for EBITDA companies!

 

 

 

 

Advertisements

Author: JD Morris

Learn more about JD Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s