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Florida Food Products (Ardian & MidOcean) acquires Javo

New York – (Business wire)-Florida Food Products (“FFP” or “Company”), one of the world’s largest independent providers of natural ingredients, today agreed to acquire the Javo Beverage Company (“Javo”) subject to its customary closure. Announced that it was done. conditions. Javo is a leading natural extractor of clean-labeled coffee, tea and plants with a focus on beverage applications. Javo is widely recognized for its unique brewing capabilities that make it easy to deliver outstanding cold brew coffee solutions to industry-leading consumer brands, manufacturers and restaurants.

FFP is a leading innovator, formulator and producer of naturally derived clean label ingredients. The company’s products provide nutrition, improve texture and flavor, extend shelf life, and ultimately provide consumers with clean labels and natural products. FFP is one of the largest independent providers of clean label ingredients and our portfolio focuses exclusively on natural solutions. Today, FFP’s portfolio of natural ingredients is applied to every segment of the food and beverage industry, along with its rapidly growing presence in the health and wellness category.

In 2021, world-leading private investor Ardian acquired a majority stake in FFP from MidOcean Partners (“MidOcean”) and established a new partnership to accelerate FFP’s long-term growth goals. .. Under this partnership, FFP has completed the acquisition of Comax, T-Bev, and now Javo. With the support of the Ardian and MidOcean teams, FFP has grown dramatically, more than doubling last year and with revenues approaching $ 300 million.

With the addition of Javo, the FFP portfolio will be further diversified, adding many exciting new natural ingredients while significantly enhancing its growth profile. FFP plans to take advantage of its enhanced capabilities to provide consumers with innovative solutions that provide consumers with delicious, clean label products with the health attributes and transparency they desire. increase. As part of FFP’s growth plan, we continue to expand our talented management team, accelerate our investment in innovation, and enhance our capabilities and services in new facilities, equipment and locations.

“We are enthusiastic about Javo joining the FFP platform. Javo’s best-in-class products are driven by a talented team and unique manufacturing capabilities to drive the launch of a range of innovative new products. Supported. As part of the FFP family, Javo is confident that we can offer our customers attractive new solutions based on a rich portfolio of clean label ingredients. “

●● Jim Hold Reese ●● CEO of FFP

“The investment in Javo is a testament to the differentiated features and resources that Ardian has brought to the FFP platform. As we move forward, the FFP team will take advantage of its extensive experience in the raw materials sector to become new. Efficiently evaluate opportunities and become the buyer of choice for the natural raw materials business. “

●● THIBAULT BASQUIN ●● Deputy Head of ARDIAN Buyout Team

Jabot is an impressive organization and plays an important role in the continued expansion of the beverage category. Javo’s innovative products complement FFP’s portfolio of natural ingredients and position us for accelerated growth. Build the world’s largest independent provider of clean label raw materials by expanding our best-in-class product portfolio, acquiring additional clean label raw material businesses, and investing in competent teams, advanced equipment and innovative pipelines. We will continue our strategy. “

●● Christopher Sand ●● Managing Director of the ARDIAN Buyout Team

“The addition of Javo to the FFP platform is a continuation of the extraordinary growth seen since the initial investment in 2018, further strengthening our position in natural beverage ingredients and solutions. Built on a solid foundation established over the years, FFP is poised to dramatically expand its scale as it launches exciting new systems and expands into a series of high-growth adjacencies. We are pleased to continue our partnership with FFP management team Jim Holdrieth and Ardian as we move forward with this exciting new phase. “

●● Stephen Leffler ●● Principal of MIDOCEAN PARTNERS

The transaction is expected to close in the third quarter of 2022. Houlihan Lokey was Javo’s exclusive financial adviser. The terms of the transaction have not been disclosed.

About Ardian

Ardian is the world’s leading private investor, managing or advising $ 130 billion in assets on behalf of more than 1,300 clients worldwide. With a wide range of expertise across private equity, real assets and credits, we offer a wide range of investment opportunities and the flexibility to meet the diverse needs of our clients. Through Ardian Customized Solutions, we create a bespoke portfolio that allows institutional investors to specify the exact combination of assets they need and access funds managed by major third-party sponsors. We also provide specialist services to private clients through Ardian Private Wealth Solutions. Ardian has a majority of employees and is focused on developing employees and a culture of collaboration based on collective intelligence. With more than 900 employees spanning 15 offices in Europe, the Americas and Asia, we are committed to the principle of responsible investment and are determined to make finance a force for the benefit of society. Our goal is to provide excellent investment performance that combines high ethical standards and social responsibility.

At Ardian, we are committed to building a long-lasting company.

ardian.com

About MIDOCEAN PARTNERS

MidOcean Partners is the premier New York-based alternative asset manager specializing in private equity and alternative credit investments in the middle market. Since its founding in 2003, MidOcean Private Equity has targeted investment in high quality middle market companies in the consumer and business services sector. Founded in 2009, MidOcean Credit Partners currently manages a range of alternative credit strategies, secured loan obligations (CLOs), and customized, individually managed accounts.

midoceanpartners.com

About Florida Foods

Founded in 1954, Florida Food Products is the world’s largest provider of independent natural ingredients. FFP formulates and manufactures innovative clean-label fruit, vegetable, and plant-based ingredients that serve the food, beverage, and health end markets. The company’s products offer attractive alternatives to chemically derived ingredients that can improve taste, texture, shelf life, water content, color and more. The company operates nationwide and is affiliated with some of the most respected consumer brands, manufacturers and food service providers. For more information, please visit the Florida Food Products website.

floridafood.com

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