Sale of US based Pet Flavors to Bessemer PE

Sector(s)
Healthcare / Consumer
Deal type
Sell your business / Buyout / MBO
Date
December 2021
Countries involved
USA

Client

For companion animals like dogs and cats Pet Flavors produces flavor bases used in pharmaceuticals and nutritional supplement products.

Deal

Capitalmind advised on the sale of US based Pet Flavors to Bessemer PE. Based on our EUR 340M AST/ LeVet (the Netherlands) sale to Dechra (UK), PF’s owner Mark Pieloch contacted Capitalmind to initiate another worldwide animal health sale process for Pet Flavors.

Parties

Lead team

  • Jan Willem Jonkman

    Jan Willem Jonkman

    Managing Partner Benelux
  • Bart Jonkman

    Bart Jonkman

    Managing Partner Benelux
  • Marleen Vermeer

    Marleen Vermeer

    Partner Benelux

About the deal

Pet Flavors (USA) was sold to and received a significant investment by Bessemer Investors (USA).
Based on our EUR 340M AST/ LeVet (the Netherlands) sale to Dechra (U.K.) in the same animal health space, Pet Flavors’ owner Mark Pieloch contacted Capitalmind to initiate a worldwide sale process for Pet Flavors.

Pet Flavors produces flavor bases used in pharmaceuticals and nutritional supplement products for companion animals like dogs and cats. Using only high-quality U.S.-sourced ingredients, the company’s flavor bases are preservative free, grain free, and contain no artificial coloring. The flavors are made exclusively at Pet Flavors’ USDA-inspected and approved Melbourne facility and are tested by an independent U.S.-based FDA/USDA approved laboratory to guarantee that all physical, chemical and microbiological specifications are met. Pet Flavors’ flavor bases are sold all over the world.

Bessemer Investors is a New York-based investment firm focused on partnering with middle market businesses to support growth and enhance value creation. Andrew Mendelsohn, Principal at Bessemer Investors, said, “Pet Flavors’ commitment to quality and execution, as well as its strong relationships with top animal health and supplement companies, have helped it establish a reputation as the leading manufacturer of flavor bases.

Mr. Pieloch, founder of Pet Flavors, said, “We are very pleased to be partnering with Bessemer Investors after a worldwide process for likely buyers. We are proud of our role in keeping pets healthy and their owners happy.

What we did

Capitalmind advised the shareholder of Pet Flavors throughout the sell-side process, including:

  • Drafting info/marketing materials;
  • Screening and selection of worldwide strategic and financial buyers through a competitive process;
  • Managing negotiations;
  • Handling due diligence;
  • Coordinating legal documentation phase.

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