Advent International to Acquire Sauer Brands, a Leader in Condiments and Seasonings
Deal News | Jan 06, 2025 | Falfurrias Capital
Advent International, a renowned global private equity investor, has entered into a definitive agreement to acquire Sauer Brands Inc., a leading entity in the condiments and seasonings sector, from Falfurrias Capital Partners. Sauer Brands, famed for its Dukes Mayonnaise, is seen as a growth enterprise despite its long-standing history that dates back to 1917. This acquisition forms part of Advent's ambition to enhance Sauer Brands' presence in the global market with plans for significant growth. The deal also exemplifies Advent's sustained interest in the food sector, following past investments such as Sovos Brands and Grupo CRM. The transaction, aided by multiple financial and legal advisors, underscores a strategic transition for Sauer Brands, now positioned under the stewardship of Advent for continued success.
Sectors
- Food and Beverage
- Private Equity
Geography
- United States – Sauer Brands is based in the U.S., with facilities in Virginia, South Carolina, Kansas, and California. Both Advent International and Falfurrias Capital Partners are active in the U.S. private equity markets.
Industry
- Food and Beverage – The article involves Sauer Brands, a company specializing in condiments and seasonings, making it relevant to the Food and Beverage industry.
- Private Equity – The transaction between Advent International and Falfurrias Capital Partners highlights activities and transactions within the Private Equity sector.
Financials
- Not disclosed – The financial terms of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sauer Brands Inc. | Target Company | Company | A company specializing in condiments and seasonings, with famous brands like Dukes Mayonnaise. |
| Advent International | Bidding Company | Company | A global private equity firm acquiring Sauer Brands. |
| Falfurrias Capital Partners | Selling Company | Company | A private equity firm selling Sauer Brands to Advent International. |
| Morgan Stanley & Co. LLC | Financial Advisor to Sauer Brands | Company | Provides financial advisory services to Sauer Brands in the transaction. |
| McGuireWoods LLP | Legal Advisor to Sauer Brands & Falfurrias Capital Partners | Company | Providing legal advice to both Sauer Brands and Falfurrias Capital Partners. |
| William Blair & Company, L.L.C. | Co-Financial Advisor to Sauer Brands | Company | Co-financial advisor for Sauer Brands in this transaction. |
| Centerview Partners LLC | Financial Advisor to Advent International | Company | Advises Advent International on financial matters for the transaction. |
| Weil, Gotshal & Manges LLP | Legal Advisor to Advent International | Company | Acts as legal advisor for Advent International. |