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Announced

Completed

CapVest Partners-backed Second Nature Brands completed the acquisition of Brownie Brittle from Encore Consumer Capital.

Financials

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

Tags

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United States

Completed

Friendly

Private Equity

Majority

Private

Food Products

brownie snacks

snack producer

Single Bidder

Domestic

Acquisition

Synopsis

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CapVest Partners-backed Second Nature Brands, a US-based creator of premium, nutritional and better-for-you snacks and treats, completed the acquisition of Brownie Brittle, a brownie snack brand, from Encore Consumer Capital, a private equity firm. Financial terms were not disclosed. "We have ambitious plans to become a US leader in snacks and treats and the acquisition of Brownie Brittle is an exciting step on this journey, which expands our presence into baking and unlocks a new growth stream for us. It also marks our first acquisition since being acquired by our majority investor CapVest, showing how with their support we intend to grow and develop Second Nature Brands through continued investment in the brand, channel & category expansion, as well as continued focus on product quality," Victor Mehren, Second Nature Brands CEO.

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