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New Deal


Announced

Completed

Entrepreneurial Equity Partners completed the acquisition of Kronos Foods from Grey Mountain Partners.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

ready-to-eat proteins

mediterranean foods

Private Equity

Acquisition

United States

Food Products

Completed

bakery products

Private

Single Bidder

Domestic

Synopsis

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Entrepreneurial Equity Partners, a Chicago-based private equity firm, completed the acquisition of Kronos Foods, a provider of global cuisine, including authentic Mediterranean foods, ready-to-eat proteins, plant-based proteins, and value-added bakery products, from Grey Mountain Partners, private equity firm. “We are excited to add Kronos Foods to our portfolio. The company’s vast array of products and dynamic ability to serve customers with limited-time offerings developed by its in-house R&D team have positioned the company well to capture on-trend demand for global cuisine and protein-based foods. We are excited to leverage our extensive network and experience in the food sector to help Kronos introduce additional new products and capabilities that meet customer interests and further drive growth,” Mark Burgett, Entrepreneurial Equity Partners Managing Partner.

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