Houlihan Lokey is pleased to announce that Give & Go Prepared Foods Corp (Give & Go), a portfolio company of Thomas H. Lee Partners, L.P. (THL), has been acquired by Mondelēz International, Inc. (Mondelēz). The transaction closed on April 1, 2020.
This deal represents another successful transaction for Houlihan Lokey in the food and beverage industry.
Founded in 1989, Give & Go is the leader in portion control mini treats within the in-store bakery of retailers across North America. The company produces fully finished, sweet baked goods for every key season across four consumer consumption occasions, including celebration solutions, breakfast solutions, everyday treats, and better-for-you snacking. Give & Go operates under several proprietary brands: two-bite®, Create-A-Treat®, The Worthy Crumb Pastry Co.®, and Mason St. Bakehouse®. Give & Go strives to remain at the forefront of innovation, both in product development and retailer solutions, based on consumer research and a deep understanding of its retail partners’ needs. With a leading position in brownies, cupcakes, pastries, and muffins, as well as access to the fast-growing in-store bakery channel, the acquisition of Give & Go expands Mondelēz’s leadership in broader snacking.
Mondelēz empowers people to snack right in more than 150 countries around the world. With 2019 net revenues of approximately $26 billion, Mondelēz is leading the future of snacking with iconic global and local brands such as OREO, belVita, and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz is a proud member of the Standard and Poor's 500, Nasdaq 100, and the Dow Jones Sustainability Index.
THL is a premier private equity firm investing in growth companies headquartered in North America. THL focuses its investment activity across four industry sectors: financial services, consumer, healthcare and technology, and business solutions. Since its founding in 1974, THL has raised more than $25 billion of equity capital, invested in over 140 companies and completed more than 360 add-on acquisitions representing an aggregate enterprise value at acquisition of more than $200 billion. With dedicated sector and operating teams, THL brings deep domain expertise and resources to build great companies by helping to accelerate growth, improve operations, and drive long-term sustainable value in partnership with management.
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