Recapitalization with FoodChain ID

Industrial
Technology & Services
Recapitalization with FoodChain ID

Summary

Baird served as financial advisor to Berkshire Partners on this transaction

About

Berkshire Partners (the “Firm”) has partnered with management to invest in and recapitalize FoodChain ID. Berkshire Partners acquired its position in FoodChain ID from Paine Schwartz Partners (“Paine”). Terms of the transaction were not disclosed.

Berkshire Partners has made more than 130 private equity investments since its founding over 30 years ago. Berkshire Private Equity has developed sector experience in multiple areas including business services & technology, communications, consumer, healthcare and industrials. The Firm has a strong history of partnering with management teams to grow the companies in which it invests. Berkshire Partners is headquartered in Boston, Massachusetts.

FoodChain ID has a global presence and provides technology-enabled food safety, quality and sustainability solutions that address challenges and opportunities in the rapidly evolving food industry. Serving more than 30,000 customers in over 100 countries with a market-leading portfolio of testing, inspection, certification and compliance solutions, FoodChain ID helps companies navigate the increasingly regulated global food economy with greater levels of transparency, accountability, safety and sustainability. Founded as a pioneer of the GMO food identification industry, the company’s services now include clean label, food safety and sustainability claims; food safety certifications; regulatory compliance solutions; and testing. FoodChain ID is headquartered in Deerfield, Illinois.

Paine is a private equity firm focused exclusively on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. Paine’s investment, operations and finance professionals invest throughout cycles across the food and agribusiness value chain, and bring a collaborative and active management approach to portfolio companies. Paine is headquartered in New York, New York.
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Industrial
Technology & Services
Recapitalization with FoodChain ID
Date
December 2020
Company
Berkshire Partners
Transaction
M&A
Sectors
Industrial
Technology & Services
Target Location
North America
Acquiror Location
North America

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