Harris Williams Advises Pamplona Capital Management on its Pending Sale of BakeMark USA, LLC to Clearlake Capital Group, L.P.
July 22 2021 - 9:41AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Pamplona
Capital Management (Pamplona) on its pending sale of BakeMark USA,
LLC (BakeMark) to Clearlake Capital Group, L.P. (Clearlake).
BakeMark is a category leader in the baking industry, with quality
products, quick delivery and strong R&D capabilities. The
transaction is being led by Tim Alexander, Brant Cash, Andy Warczak
and David Stead of the Harris Williams Consumer Group.
“Under Pamplona’s ownership, BakeMark became a proven leader in
the bakery ingredient manufacturing and distribution industries,”
said Tim Alexander, a managing director at Harris Williams. “In
addition to offering a wide range of products, BakeMark is equipped
to assist its clients with everything from R&D expertise to
manufacturing, distribution, and technical and marketing support.
The company is a vital partner to its diverse customer base.”
“As a leader in a fragmented industry, BakeMark is positioned
for continued organic and M&A driven growth,” added Brant Cash,
a managing director at Harris Williams. “Investors are attracted to
specialty food distributors that have multiple levers for growth
and have a strong track record of executing acquisitions. By
operating in both manufacturing and distribution, BakeMark provides
investors with multiple attractive avenues for growth.”
Based in Pico Rivera, California, BakeMark is a recognized
market leader in the baking industry, as a manufacturer and
distributor of bakery ingredients, products and supplies. BakeMark
serves North America and customers internationally across all
industry channels with its comprehensive product portfolio,
including bakery mixes, fillings, icings, glazes, commodities,
frozen products and bakery supplies. BakeMark is the exclusive
distributor of some of the industry’s top brands, including Westco,
BakeSense, Best Brands, Multifoods, BakeQwik, Trigal Dorado, C’est
Vivant and Sprinkelina, operating through five manufacturing plants
and 29 distribution centers located across North America.
Pamplona is a specialist investment manager established in 2005
that provides an alternative investment platform across private
equity and other diversified strategies. With offices in New York,
London, Madrid and Malta, Pamplona manages over $11 billion in
assets.
Clearlake is a leading investment firm founded in 2006 operating
integrated businesses across private equity, credit and other
related strategies. With a sector-focused approach, the firm seeks
to partner with world-class management teams by providing patient,
long-term capital to dynamic businesses that can benefit from
Clearlake’s operational improvement approach, O.P.S. The firm’s
core target sectors are consumer, industrials and technology.
Clearlake currently has approximately $39 billion of assets under
management, and its senior investment principals have led or co-led
over 300 investments. The firm has offices in Santa Monica,
California and Dallas.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer Group’s section
of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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