Translink Corporate Finance in the United States advised IWC Food Service (IWC), a broadline distributor based in Cookeville, Tennessee, on the sale to food service distributor, US Foods Holding Corp. (US Foods).
Translink Corporate Finance in Italy, led by Gianni Laudato, Senior Managing Partner, along with Analyst Vittoria Dalla Rosa, acted as the advisor to Candy Factory S.p.A. in the acquisition of Akellas S.r.l. located in Cerro Maggiore (Milan). Akellas specialises in producing and selling the renowned balsamic candies under the brand Monk’s, both domestically and internationally.
Trivest Partners, LP (Trivest), a Miami-based, founder-focused private equity firm with over 40 years of experience creating strategic partnerships and fostering growth, has partnered with Perricone Juices.
Headquartered in Newport Beach, CA, Perricone Juices is the leading producer of premium, craft juices with a focus on the “freshly squeezed” citrus category.
Translink Corporate Finance in France and in the Netherlands acted as the exclusive advisor to Barentz on the acquisition of nutraceuticals distributor, Natural.
Barentz International, a leading global life science ingredients distributor, acquired Natural, a supplier of premium, naturally sourced, herbal, and functional ingredient solutions for the nutraceuticals industry in France and Europe. The Verrières-en-Anjou (Angers) based company operates a customer-focused distribution model, with a relentless focus on delivering (and securing supply of) a unique portfolio of nutraceutical ingredients solutions to brands and CDMO-customers at highest service-levels.
Translink Corporate Finance acted as the exclusive advisor to Carne Fleischhandel GmbH (Carne) on the sale to Gausepohl Food GmbH (Gausepohl). Carne’s alignment of its shareholder structure provided the ideal timing to explore opportunities of joining forces with a strategic partner. The sale to Gausepohl will allow Carne to continue to grow organically and build up additional services. It will also enable Carne to implement cross-selling strategies with investor’s operations as operative management seeks to continue growing Carne and remain full-time, following the transaction. “We have been looking for a “good home” for Carne for a while, because we both intended to retire and did not have a successor from either of our families. Translink Corporate Finance finally convinced us to start a professional M&A process. The cooperation with Tilman Eckstein and Carsten Wolter was very trustful, efficient, and professional. At the end we found the perfect buyer out of more than one hundred potential international acquirers,” said Otto H. Bliefernich, co-founder of Carne. “We are particularly pleased that – after pleasant and intensive cooperation over a year – we have succeeded in solving the succession problem of the Carne shareholders. With the Gausepohl Group, we have found a well-positioned buyer in whose “buy-and-build strategy” Carne fits perfectly,” concluded Tilman Eckstein, Partner at Translink Corporate Finance in Germany.
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Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 35 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Corporate Finance GmbH & Co. KG with its offices in Frankfurt and Bremen covers Translink’s business in Germany, Austria, and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.
Tilman Eckstein
Partner
teckstein@translinkcf.com
Carsten Wolter
Associate
cwolter@translinkcf.com
Translink Corporate Finance is pleased to announce that it acted as the buy-side advisor in Barentz International’s acquisition of speciality ingredients distributor Unipex. The transaction is subject to the completion of legal and specified closing conditions, including the receipt of European merger control clearances. The deal will see Barentz International, a leading global life science ingredients distributor, strengthen its presence in Europe and North Africa. This further extends Barentz International’s European network of logistic centres and application laboratories. Through Barentz International, Unipex will gain access to a global network of resources and experts, whose shared values and ambitions will ensure a prosperous and long-lasting future ahead. “Unipex has a very strong position in the heart of the European life science ingredients market, with a focus on France. Its value proposition as a ‘smart distributor of specialties’, operating on the edge between welfare and performance, perfectly matches Barentz’s brand positioning; ‘Always creating better solutions’,” said Hidde van der Wal, CEO of Barentz International. “Patrice Barthelmes, CEO of Unipex, added, “We have placed the principles of sustainability, corporate social responsibility, and customer satisfaction at the heart of our growth strategy. Unipex and Barentz share the same core values and ambitions, and we are confident we will be able to continue our journey successfully together.” As the buy-side advisor, Translink Corporate Finance is proud to have been able to help bring together these two complementary firms. “It has been a privilege and a great pleasure to assist Barentz in this important step into the French market. A big thank you to all parties involved for the smooth co-operation,” said Partner at Translink Benelux B.V, Maarten de Boer. “Congratulations to the Barentz and Unipex teams on a great move into the French market. Thank you to all parties involved in this transaction and a special thanks to our client Barentz for the trust granted to us during this process,” said Managing Partner at Translink Corporate Finance France, Marc Irisson.
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Financière Monceau CF is the partner firm of Translink Corporate Finance in France composed of seasoned finance professionals who have matured extensive experience in a variety of sectors and disciplines within some the most important players both nationally and internationally in industry, finance and management consulting.
Marc
Irisson
Founding Partner
mirisson@translinkcf.com
Based in Amsterdam and Brussels, we act as exclusive partners of Translink in the Benelux. We are one of the leading M&A boutiques in the Benelux mid-market segment due to the extensive international reach of Translink. We offer companies, private owners and PE funds a wide range of corporate finance services, including advising on domestic and cross-border M&A transactions, equity and debt raisings, and valuations.
Maarten
de Boer
Partner
mdeboer@translinkcf.com
Welcome Dairy Holdings (“Welcome”), a New Heritage Capital portfolio company, is pleased to announce it has acquired North Star Processing (“North Star”). Translink acted as advisor to the buyer. North Star is a leading provider of spray drying services for the food ingredient industry, with an impressive track record of growth since it was founded in 2000. The acquisition further extends Welcome’s capabilities and will allow it to provide services spanning initial flavor formulation through full scale ingredient manufacturing. “Similar to Welcome, North Star shares a customer-first approach and has made a name for itself as a trusted, valuable partner to its customers,” said Terry Schneider, President of Welcome. “We’re thrilled to bring spray drying capabilities in-house. We now offer the full spectrum of dairy ingredients to our customers, including dairy flavors, dry blend and spray dried dairy and non-dairy seasonings, shelf stable and refrigerated sauces, and functional cheese products. This full offering means we can better address our customers’ most important product development needs.” Tim Nicholson, former CEO and co-owner of North Star added, “We’ve spent the last twenty years building a business that put its customers and employees first. We’re excited to have found a partner in Welcome Dairy who shares those same values and will continue to do right by our customers and employees in the future.” “Welcome has continued to demonstrate tremendous organic growth since we partnered with the founders of the business two years ago,” added Melissa Barry, Partner at New Heritage Capital. “We’re excited to be executing on our investment thesis and growing Welcome through the acquisition of North Star. We look forward to continuing to invest in the growth of Welcome Dairy.”
About Welcome Dairy Holdings
Welcome Dairy Holdings represents the combined interests of Welcome Dairy, LLC and Gamay Food Ingredients, LLC, two companies that worked together for decades and officially merged in 2016. The Company is the go-to provider of dairy and non-dairy flavors and ingredients, having developed an impressive collection of proprietary recipes catering to a diversified, blue-chip customer base. Welcome Dairy traces its roots back to the late 1800s, when the Company was first established as a local manufacturer of Colby cheese in Colby, Wisconsin.
About New Heritage Capital
New Heritage Capital is a Boston-based private equity firm with a twenty-year history of partnering with growing, middle market, founder-owned businesses. With its innovative investment structures like the Private IPO®, Heritage provides founders with a combination of liquidity and growth capital while allowing founders to maintain control of their business. With decades of experience at managing growth, Heritage gives its partners the strategic, operational and financial guidance to help its companies reach their growth objectives.
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Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.
Michael A.
Dinan
Managing Partner
mdinan@translinkcf.com
MOHIT
MEHTA
DIRECTOR
mmehta@translinkcf.com
Benford Capital Partners Management, L.P. (“Benford Capital” or “BCP”), a Chicago-based private equity investment firm, is pleased to announce it has completed the recapitalization of Brothers International Food Corporation (“Brothers” or the “Company”) in partnership with Founder, Travis Betters, who will continue to lead Brothers as CEO. Translink acted as advisor to the buyer.
Founded in 2001 and based in Rochester, NY, Brothers is a highly successful food company with two distinct and complementary divisions: (i) the ingredients division, a value-added importer and distributor of unique and exotic fruit ingredients sold to large food and beverage companies and (ii) the Brothers All-Natural division, the market leader in branded, private-label, and co-branded freeze-dried fruit snacks sold through supermarket, mass, drug and e-commerce retailers.
“I am thrilled to partner with Benford Capital to build upon Brothers’ legacy in our next stage of growth and success,” said Brothers CEO, Travis Betters. “Our team looks forward to capitalizing on the opportunity for growth and consolidation in the fruit ingredients and healthy snacks space as we collaboratively develop and execute on our long-term growth plan.”
BCP and Brothers plan to continue investing in sales, marketing, new product development and R&D to support organic growth, both in the ingredients and Brothers All-Natural divisions. In addition, BCP and management will actively pursue add-on acquisitions of related healthy snack and food ingredients companies.
Commenting on the deal, BCP Managing Director Ben Riefe stated, “Brothers is a differentiated, niche-market leading food company with an exceptional reputation as an innovative, value added partner to a diverse and blue-chip customer base. The entire Benford team is looking forward to working with the Brothers management team in the years ahead.”
The Brothers partnership marks the second platform investment for Benford Capital’s Fund I.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.
Michael A. Dinan
Managing Partner
mdinan@translinkcf.com
MOHIT MEHTA
DIRECTOR
mmehta@translinkcf.com
Anecta Translink advises Oppigårds Bryggeri on the sale of the company to Röko. The investment company Röko has acquired 70% of Sweden’s leading independent craft brewery, Oppigårds Bryggeri AB, from founder and CEO Björn Falkeström. Oppigårds develops, brews and markets beer with a particular focus on ale. Oppigårds is based in Hedemora in Sweden and is located on a farm that has been owned by the same family since the 18th century and where Björn has brewed beer since the 1980s. The company was founded in 2003 and has since grown to 6.75M Euro in revenue and 22 employees. During their almost 20 years of operation, the company has launched several well-known and appreciated products such as Golden Ale, Amarillo, New Sweden IPA, Norn Pale Ale and the popular Christmas beer Oppigårds Winter Ale. Röko now owns Oppigårds together with Björn Falkeström, who will remain as CEO. Röko is a Swedish investment company with EUR 270 million available for investments founded by Fredrik Karlsson and Tomas Billing. Röko’s ambition is to become a long-term owner of European small and medium-sized companies.
Björn Falkeström, CEO and Founder, Oppigårds:
“I quickly gained confidence in Anecta when they initiated the idea of bringing in a new capital-rich owner. The team from Anecta was knowledgeable and experienced in the industry and was able to quickly work out a sales document that exceeded my expectations in detail and accuracy. This was a cornerstone for the “investment case” where Oppigårds’ strengths and position in the market were highlighted in an insightful way.
Despite the fact that the process ran over the holiday period, Anecta managed to arrange a quick process with several meetings. The team showed an exceptional spirit of service and endurance, which was the reason why we were able to go from first investor contacts to letter of intent in less than 12 weeks.”
Fredrik Ullberg, Partner, Anecta:
“By quickly getting several very interested buyers on the track, conditions were created for efficient bidding. Several national and international buyers showed interest, which led to a successful match with the investment company RÖKO.”
Contact our Team Members advising in this transaction:
Anecta Translink, our partner in Sweden, is a M&A-advisor working with national and cross-border transactions. The company’s success in this segment is based on a wide industrial network and the fact that many of the team members have backgrounds as executives in Swedish industrials.
EricForsner
Managing Partner
eforsner@translinkcf.com
FredrikUllberg
Partner
fullberg@translinkcf.com
Anafina Capital Partners, member of Translink Corporate Finance, is pleased to announce that it has served as an exclusive M&A advisor to Ofçaysan Tarım Ürünleri Entegre Tesisleri Sanayi ve Ticaret A.Ş., in connection with creation of a JV with Jacobs Douwe Egberts (JDE) Turkey. This partnership will open up new growth opportunities in the Turkish hot beverages space, create synergies for both companies through the combination of both JDE’s international dimension & expertise in coffee with Ofcay’s local expertise in tea. JDE, well known in Turkey for its Jacobs Brands, brings over 265 years of coffee expertise, while Ofcay, has been at the forefront of the Turkish tea category since its creation in 1985. Under the terms of the agreement, both companies will contribute their existing local assets and will operate under the same umbrella.
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Anafina Capital Partners is the member firm of Translink Corporate Finance in Turkey. With its seasoned finance and operational teams, Anafina provides boutique M&A and strategic management consulting services for local and international clients in need of buy-side advisory, sell-side advisory, Turkey entrance strategy, sector analysis and operational & financial due-diligence while running business excellence initiatives in parallel.
Deger
Becer
Partner
dbecer@translinkcf.com
Eser
Becer
Partner
ebecer@translinkcf.com
TRANSLINK INTERNATIONAL AG
