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C.W. Downer & Co. Advises Kettle Cuisine and Kainos Capital on Two Transactions in 2016
Recent Del Monaco Foods Transaction Follows February Acquisition of Chef Creations

BOSTON, August 8, 2016 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that it has acted as financial advisor to Kettle Cuisine, LLC, a portfolio company of Kainos Capital, on the acquisitions of Del Monaco Foods, Inc. and Chef Creations, Inc. The transactions closed on July 28, 2016 and February 19, 2016, respectively. Financial terms for the transactions were not disclosed.

Based in Morgan Hill, CA, Del Monaco Foods is a manufacturer of custom, private label soups, sauces and other specialty food items for restaurants, club stores, catering companies and grocery stores, among others. The acquisition will combine Del Monaco’s “Safe Quality Food” Level 3 certified facility in California with Kettle Cuisine’s SQF Level 3 facility in Lynn, MA, to offer coast-to-coast manufacturing and distribution capabilities to clients across North America.

Kettle Cuisine engaged C.W. Downer & Co. in October 2015 to assist on a roll-up and geographic expansion strategy. The acquisition of Del Monaco Foods is the second transaction resulting from this engagement. C.W. Downer & Co. also advised on the purchase of Chef Creations, an Orlando, FL-based maker of soups and sauces.

“We are very happy with how quickly C.W. Downer & Co was able to get us into discussions with potential partners,” said Daniel Hopkin, Partner at Kainos Capital. “As a result of their strong network of contacts in the prepared foods sector, they were able to facilitate meaningful engagement with high interest candidates very shortly after we retained them. Within eight weeks Chef Creations was under letter of intent. We had entered into concurrent discussions with Del Monaco Foods and terms were finalized not too long after the Chef Creations deal closed. We look forward to continuing our relationship with C.W. Downer to identify additional opportunities to expand the Kettle Cuisine platform through strategic acquisitions.”

“We are excited that we have been able to help Kettle Cuisine and Kainos Capital to execute so rapidly on their external growth strategy,” said Jeff Robards, head of C.W. Downer & Co.’s Consumer Food industry practice. “We have extensive food sector experience and a proven approach to strategic acquisition programs. I am delighted that we are leveraging these competencies for the benefit of our client.”

The C.W. Downer & Co. team assisting Kettle Cuisine with both acquisitions included Mr. Robards (Managing Director), Josh Garver (Vice President) and Nick Bovi (Analyst)

About C.W. Downer & Co.

C.W. Downer & Co. is a global investment bank offering middle-market clients a high level of personal attention coupled with more 40 years of international execution experience. On April 27, 2016, C.W. Downer & Co. completed its merger with N+1, a global investment bank and asset management firm headquartered in Madrid, Spain. In addition to M&A advisory, N+1 offers debt advisory, restructuring, and equity & debt capital market services. The combined entity employs a team of 185+ investment banking professionals across 24 offices in 18 countries. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

About Kainos Capital

Kainos Capital is a middle market private equity firm with an exclusive focus on the food and consumer sector. The Kainos team has extensive investment and operating experience in the industry, having invested more than $2 billion of equity in more than 50 transactions with a total transaction value in excess of $8 billion. The firm’s strategy is to build a diversified portfolio of growing and strategically relevant food and consumer businesses that trade buyers would like to acquire. For more information, visit Kainos Capital’s website at www.kainoscapital.com.

For Additional Information:

Jeff Robards
Managing Director
This email address is being protected from spambots. You need JavaScript enabled to view it. +1 617 482 6200

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