M&A Deal Summary

Chipita America Acquires Nonni s

On April 1, 2008, Chipita America acquired food company Nonni s from Wind Point Partners and New Canaan Funding for 320M USD

Acquisition Highlights
  • This is Chipita America’s 1st transaction in the Food sector.
  • This is Chipita America’s largest (disclosed) transaction.
  • This is Chipita America’s 1st transaction in the United States.
  • This is Chipita America’s 1st transaction in Oklahoma.
Investment Fate
  • Nonni s was divested to a consortium of buyers in 2011.
  • Nonni s was sold to a consortium of financial buyers in 2017.

M&A Deal Summary
Date 2008-04-01
Target Nonni s
Sector Food
Buyer(s) Chipita America
Sellers(s) Wind Point Partners
New Canaan Funding
Deal Type Add-on Acquisition
Deal Value 320M USD

Target

Nonni s

Tulsa, Oklahoma, United States
website
Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Chipita America

Westchester, Illinois, United States
Category Company
Founded 1988
Sector Food
DESCRIPTION

Chipita America, Inc., is a food service provider.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 Nonni s

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's is based in Tulsa, Oklahoma.

Sell -

Seller(S) 2

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.

DEAL STATS #
Overall 16 of 51
Sector (Food) 2 of 7
Type (Add-on Acquisition) 10 of 25
State (Oklahoma) 1 of 3
Country (United States) 16 of 46
Year (2008) 1 of 3
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-10 Vertellus Holdings

Indianapolis, Indiana, United States

Vertellus Holdings LLC is a manufacturer of high-value specialty chemicals used in the agroscience, nutrition, pharmaceutical, personal care, and performance materials markets. Vertellus producer of pyridine and picoline chemicals that function as key intermediates in the manufacturing of herbicides, insecticides, biocides, and a range of pharmaceutical and industrial products. Vertellus Holdings was founded in 1857 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-03 VICORP Restaurants

Denver, Colorado, United States

VICORP Restaurants, Inc. is an operator of branded family-style restaurants.

Sell -
SELLER

New Canaan Funding

New Canaan, Connecticut, United States

website

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.

DEAL STATS #
Overall 6 of 36
Sector (Food) 1 of 6
Type (Add-on Acquisition) 3 of 13
State (Oklahoma) 1 of 2
Country (United States) 6 of 35
Year (2008) 1 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Batteries Plus Bulbs

Hartland, Wisconsin, United States

Batteries Plus Bulbs is a franchisor and omnichannel retailer of batteries, light bulbs, and device repair services for both the direct-to-consumer and commercial channels. Through its national network of stores, the Company offers a differentiated value proposition of unrivaled product selection, in-stock availability, and customer service. Batteries Plus Bulbs' comprehensive product offering serves a wide variety of applications including automotive, marine, power sports, lawn, and garden equipment, consumer electronics, security systems, and connected home applications. This selection is complemented by extensive category expertise and value-added services including diagnostics, installation, and recycling. Batteries Plus Bulbs was founded in 1988 and is based in Hartland, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-16 HerbThyme Farms

Perrysburg, Ohio, United States

HerbThyme Farms is the largest grower and marketer of organic and conventional fresh herbs in the U.S. The company grows its products on over 600 acres in California, and ships more than five million pounds of fresh herbs each year from its farms and other certified sources.

Buy -
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