Florida Meals Merchandise (Ardian & MidOcean) acquires Javo

Florida Meals Merchandise (Ardian & MidOcean) acquires Javo

NEW YORK–(BUSINESS WIRE)–Florida Meals Merchandise (“FFP” or the “Firm”), one of many world’s largest impartial suppliers of pure elements, introduced as we speak that it has reached an settlement to accumulate Javo Beverage Firm (“Javo”) topic to customary closing situations. Javo is a number one pure extractor of unpolluted label espresso, tea, and botanicals with a give attention to beverage functions. Javo is well known for its distinctive extraction capabilities that facilitate the supply of outstanding chilly brew espresso options to trade main shopper manufacturers, producers, and eating places.

FFP is a number one innovator, formulator, and producer of naturally sourced clear label elements. The Firm’s merchandise present vitamin, enhance texture and taste, lengthen shelf life, and in the end present customers with clear label and pure merchandise. FFP is without doubt one of the largest impartial suppliers of unpolluted label elements, and the corporate’s portfolio focuses solely on pure options. At the moment, FFP’s portfolio of pure elements has functions throughout each section of the meals and beverage trade, together with a quickly rising presence within the well being and wellness class.

In 2021, Ardian, a world-leading personal funding home, acquired a majority stake in FFP from MidOcean Companions (“MidOcean”) and established a brand new partnership to speed up FFP’s long-term progress aims. Beneath this partnership, FFP has accomplished the acquisition of Comax, T-Bev, and now Javo. With the help of the Ardian and MidOcean groups, FFP has scaled dramatically and has greater than doubled during the last yr, with income approaching $300 million.

The addition of Javo additional diversifies FFP’s portfolio, including a variety of thrilling new pure elements, whereas considerably enhancing its progress profile. FFP plans to make the most of its expanded capabilities to supply progressive options that present customers with nice tasting, clear label merchandise with the well being attributes and transparency they need. As a part of FFP’s progress plans, the Firm continues to develop its gifted govt crew, speed up its funding in innovation, and improve its capabilities and companies with new services, tools, and areas.

”We’re ecstatic for Javo to hitch the FFP platform. Javo’s best-in-class merchandise are supported by a gifted crew and distinctive manufacturing capabilities that can drive a sequence of progressive new product launches. As a part of the FFP household, we’re assured that Javo can supply our prospects compelling new options that construct on our deep portfolio of unpolluted label elements.”

JIM HOLDRIETH CEO OF FFP

”Our funding in Javo is a testomony to the differentiated capabilities and sources that Ardian has delivered to the FFP platform. As we transfer ahead, the FFP crew will be capable to leverage additional our intensive expertise within the ingredient sector to effectively consider new alternatives and be the customer of alternative for pure ingredient companies.”

THIBAULT BASQUIN DEPUTY HEAD OF THE ARDIAN BUYOUT TEAM

”Javo is a formidable group, which is able to play a crucial position in our continued enlargement within the beverage class. Javo’s progressive merchandise complement FFP’s portfolio of pure elements and can place the corporate for accelerated progress. We intend to proceed our technique of constructing the world’s largest impartial supplier of unpolluted label elements by increasing our portfolio of best-in-class merchandise, buying extra clear label ingredient companies, and investing in our gifted crew, superior services, and progressive pipeline. ”

CHRISTOPHER SANDS MANAGING DIRECTOR IN THE ARDIAN BUYOUT TEAM

”The addition of Javo to the FFP platform is a continuation of the distinctive progress that we now have seen since our preliminary funding in 2018, and additional solidifies our place in pure beverage elements and options. Constructing upon the strong basis we now have established during the last 4 years, FFP is poised to dramatically enhance its scale because it launches thrilling new techniques and expands right into a sequence of high-growth adjacencies. We’re thrilled to proceed our partnership with Jim Holdrieth, the FFP administration crew, and Ardian as we progress on this thrilling new part for FFP.”

STEVEN LOEFFLERPRINCIPAL AT MIDOCEAN PARTNERS

The transaction is anticipated to shut within the third quarter of 2022. Houlihan Lokey acted because the unique monetary advisor to Javo. Phrases of the transaction weren’t disclosed.

ABOUT ARDIAN

Ardian is a world main personal funding home, managing or advising $130bn of property on behalf of greater than 1,300 purchasers globally. Our broad experience, spanning Personal Fairness, Actual Belongings and Credit score, allows us to supply a variety of funding alternatives and reply flexibly to our purchasers’ differing wants. By means of Ardian Custom-made Options, we create bespoke portfolios that permit institutional purchasers to specify the exact mixture of property they require and to achieve entry to funds managed by main third-party sponsors. We additionally present a specialist service for personal purchasers by way of Ardian Personal Wealth Options. Ardian is majority-owned by its staff and locations nice emphasis on creating its folks and fostering a collaborative tradition based mostly on collective intelligence. Our 900+ staff, unfold throughout 15 places of work in Europe, the Americas and Asia, are strongly dedicated to the rules of Accountable Funding and are decided to make finance a power for good in society. Our aim is to ship wonderful funding efficiency mixed with excessive moral requirements and social duty.

At Ardian we make investments all of ourselves in constructing corporations that final.

ardian.com

ABOUT MIDOCEAN PARTNERS

MidOcean Companions is a premier New York-based various asset supervisor specializing in middle-market personal fairness and various credit score investments. Since its inception in 2003, MidOcean Personal Fairness has focused investments in high-quality middle-market corporations within the shopper and enterprise companies sectors. MidOcean Credit score Companions was launched in 2009 and at the moment manages a sequence of different credit score methods, collateralized mortgage obligations (CLOs), and customised individually managed accounts.

midoceanpartners.com

ABOUT FLORIDA FOOD PRODUCT

Based in 1954, Florida Meals Merchandise is the world’s largest, impartial supplier of pure elements. FFP formulation and produces progressive clear label fruit, vegetable, and botanical based mostly elements serving the meals, beverage, and well being finish markets. The Firm’s merchandise supply compelling options to chemically derived elements and might improve things like style, texture, shelf life, moisture, and shade. The Firm operates facilitates throughout the nation and companions with a number of the most revered shopper manufacturers, producers, and meals service suppliers. For extra info, please go to Florida Meals Merchandise’ web site.

floridafood.com

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