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Announced

Nexus Capital-backed Natural Balance to merge with L Catterton-backed Canidae.

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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Food Products

Domestic

Private Equity

Friendly

Majority

Pending

Acquisition

Private

United States

Merger

pet food

Synopsis

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Nexus Capital-backed Natural Balance, a pet food manufacturer, agreed to merge with L Catterton-backed Canidae, a pet food manufacturer. Financial terms were not disclosed. "Natural Balance has a proven position as a pioneer in the premium specialty pet food industry, and we are confident that Canidae is the ideal partner to enhance and accelerate the brand's strategic growth following the past two years as a stand-alone business. Together, we will create high-quality products anchored around premium, limited ingredient formulas, and benefit from enhanced scale and a talented workforce. Natural Balance and Canidae share a commitment to nurturing the health of both our pets and our planet and we look forward to offering even greater choice and value to our customers," Damian Giangiacomo and Jonathan Whitlock, Nexus Capital Partners and Managing Directors.

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