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Private Equity Doesn't (Historically) Have A Sweet Tooth

US LBOs in Candy Sector: 2004-2009


peHUB.com

Date Target Name Acquiror Full Name


Effective/
Unconditional
04/11/05 Bobs Candies Farleys & Sathers Candy Co Inc

08/15/05 Hill & Valley Inc Circle Peak Capital LLC

06/23/06 Promax Nutrition Inc Marwit Capital Corp

02/26/07 Bogdon Candy Co Dynamic Confections Inc

10/12/07 Topps Co Inc Investor Group

11/14/07 Brachs Confections Inc Farleys & Sathers Candy Co Inc

12/31/07 New England Confectionery American Capital Strategies Ltd


Co

01/15/08 Impact Confections Inc Brazos Private Equity Partners LLC

04/30/08 Sorbee International Ltd Werther Partners LLC

07/18/08 Pure of Holland LLC Promax Nutrition Corp

08/20/08 Hospitality Mints LLC Linsalata Capital Partners


Source: Thomson Reuters, peHUB.com
Acquiror Ranking Value Synopsis
Ultimate inc. Net Debt
Parent of Target ($Mil)
Catterton Partners US - Farley's Sathers Candy Co, a unit of Catterton
Partners, acquired Bob's Candies, a manufacturer of
candies.
Circle Peak Capital LLC 10.500 US - Circle Peak Capital LLC acquired Hill & Valley Inc, a
producer of baked sugar free and no-sugar-added sweet
goods, in a leverage buyout transaction, for $10.5 mil in
cash.
Marwit Capital Corp 15.000 US - Marwit Capital Corp acquired Promax Nutrition Inc, a
producer of energy bars, for $15 mil, in a leveraged buyout
transaction.
Dolphin Capital Group US - Dynamic Confections Group acquired Bogdon Candy
Co, a manufacturer of chocolate candy products. Terms
were not disclosed.
Investor Group 304.783 US - An investor group, comprised of Tornante Co LLC
and Madison Dearborn Partners LLC, acquired all the
outstanding common stock of Topps Co Inc (TC), a
manufacturer and wholesaler of candy and collectibles, for
$9.75 in cash per share, or a total value of $386.39 mil, in
a leveraged buyout transaction. The transaction was
subject to shareholders and regulatory approvals and
customary closing conditions. Subsequently, Upper Deck
Co planned to acquire TC.
Catterton Partners US - Farleys & Sathers Candy Co Inc, a unit of Catterton
Partners, acquired Brachs Confections Inc, a producer of
confectionary products, from the Barry Callebut AG
subsidiary of Jacobs Holding AG.
American Capital Ltd US - American Capital Strategies Ltd acquired New
England Confectionery Co (NE), a producer of candy and
other confectionery products, from UIS Inc (UI). Originally,
in October 2006, UI announced that it was seeking a buyer
for its NE unit.
Brazos Private Equity US - Brazos Private Equity Partners LLC acquired Impact
Partners Confections Inc, a producer and wholesaler of
confectionery products, in a leveraged buyout transaction.

Werther Partners LLC US - Werther Partners LLC acquired Sorbee International


Ltd, a producer and wholesaler of confectionary products
in a leveraged buyout transaction.

Marwit Capital Corp US - Promax Nutrition Corp, a wholly-owned unit of Marwit


Capital Corp acquired Pure of Holland LLC, a
manufacturer of nutritional food products. Terms were not
disclosed.
Linsalata Capital Partners US - Linsalata capital Partners acquired Hospitality Mints
LLC, a producer of mints and candies, from American
Capital Ltd, in a leveraged buyout transaction. Terms were
not disclosed.
Target Advisors Target Primary SIC Code Description

Candy and other confectionery products

Candy and other confectionery products

Candy and other confectionery products

Candy and other confectionery products

Lehman Brothers Chewing gum

Candy and other confectionery products

JP Morgan Candy and other confectionery products

Houlihan Lokey Howard & Zukin Candy and other confectionery products

Candy and other confectionery products

Candy and other confectionery products

Houlihan Lokey Howard & Zukin Candy and other confectionery products
American Capital Strategies