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New Deal


Announced

Completed

KENT completed the acquisition of Frosty Boy from Advent Partners.

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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Australia

Acquisition

Friendly

frozen yogurt

Food Products

Cross Border

Majority

Private

Completed

Single Bidder

Private Equity

Synopsis

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KENT, a manufacturer and worldwide marketer of food, beverage and agriculture products, completed the acquisition of Frosty Boy, a manufacturer and distributor of soft serve and Frozen Yogurt products, from Advent Partners, a growth capital firm. Financial terms were not disclosed. “We are excited for KENT Precision Foods Group and Frosty Boy to join forces and expand what we each do best while leveraging our synergies. Together, our brands and products help people create meaningful experiences and long-lasting memories,” Mike Eversmeyer, KENT President of Precision Foods Group.

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