M&A Deal Summary

Butterfly Equity Acquires WM. Bolthouse Farms

On April 12, 2019, private equity firm Butterfly Equity acquired beverage company WM. Bolthouse Farms from Campbell s for 510M USD

Acquisition Highlights
  • This is Butterfly Equity’s 1st transaction in the Beverages sector.
  • This is Butterfly Equity’s largest (disclosed) transaction.
  • This is Butterfly Equity’s 2nd transaction in the United States.
  • This is Butterfly Equity’s 1st transaction in California.

M&A Deal Summary

Date 2019-04-12
Target WM. Bolthouse Farms
Sector Beverages
Buyer(s) Butterfly Equity
Sellers(s) Campbell s
Deal Type Divestiture
Deal Value 510M USD

Target

WM. Bolthouse Farms

Bakersfield, California, United States
website
Wm. Bolthouse Farms, Inc. is a vertically integrated carrot and premium beverage manufacturer and distributor serving a broad customer base, including traditional retail grocery stores, mass merchants, club stores, and the natural foods channel. WM. Bolthouse Farms, Inc. was founded in 1915 and is based in Bakersfield, California.

Search 184,358 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer
DESCRIPTION

Butterfly Equity is a private equity firm focused on the food sector. The Firm will consider opportunities spanning the entire food chain include agriculture, aquaculture, food, beverages, food distribution, and food service. Butterfly Equity was formed in 2016 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 3 of 9
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 5
Country (United States) 2 of 8
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Modern Restaurant Concepts

Denver, Colorado, United States

Modern Market is a farm-to-table fast casual restaurant company that operates restaurants across Colorado, Texas, Arizona, D.C. and Maryland serving healthy, high-quality, sustainably-sourced, scratch-made fare at an attractive price point. Modern Market’s menu features a variety of protein-centric plates and bowls, garden fresh salads, toasted sandwiches and brick oven pizzas served in a comfortable and highly-convenient format well-suited to meet the rapidly-changing demands of the modern restaurant consumer. The company was founded in 2009 by Co-Founders and Co-CEOs Anthony Pigliacampo and Rob McColgan and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Orgain

Irvine, California, United States

Orgain is a producer of high-quality, great-tasting, organic and clean nutrition products. The company's products include meal replacement shakes, protein powders and snack bars for adults and kids. It uses only the highest quality ingredients, never at the cost of taste and texture. Orgain was founded in 2008 and is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

Campbell s

Camden, New Jersey, United States

website


Category Company
Founded 1869
Sector Food
Employees14,700
Revenue 8.6B USD (2022)
DESCRIPTION
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.
Entrance to Campbell Soup Co.'s corporate headquarters in Camden, New Jersey.

Campbell's is an American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. Campbell's was incorporated in 1869 and is based in Camden, New Jersey.


DEAL STATS #
Overall 7 of 12
Sector (Beverages) 1 of 1
Type (Divestiture) 7 of 12
State (California) 3 of 3
Country (United States) 6 of 7
Year (2019) 2 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Habit

Oakland, California, United States

Habit LLC is a personalized nutrition company making optimal nutrition possible. Habit uses an at-home test to uncover details about genetics, lifestyle, metabolism, and goals to design a personalized eating plan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Kelsen Group A/S

Nr. Snede, Denmark

Kelsen Group A/S is a producer of quality baked snacks that are sold in 85 countries around the world. Kelsen Group A/S primary brands include Kjeldsens and Royal Dansk. Kelsen has established distribution networks in markets in Asia, South America, the Middle East, and Africa as well as the United States. Kelsen Group A/S is a market leader in the assortment segment of the sweet biscuits category in China and Hong Kong, where growth in sweet biscuits is outpacing the growth of the $60 billion global sweet biscuits market.

Sell $300M