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 as we move toward the next stage in our growth. The Bessemer team is aligned with our values, and we believe their long-term and flexible approach will help us expand into additional products, while continuing to strengthen our alliances with pharmaceutical and nutraceutical companies all over the world. 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.