Transaction

• Custom Foods Inc. (“Custom Foods” or the “Company”) is a Santa Fe Springs, CA based formulator, manufacturer, processor and packer of blended dry mix food products
• Envisage acted as the exclusive financial advisor and sole placement agent on the acquisition of two companies in its industry

Issues

• The acquisition of the two companies needed to occur simultaneously
• Acquisitions did not have reviewed financials
• Compressed deal timeline

Solution

• Through a targeted process, Envisage identified a universe of potential investors which understood the industry and could close a transaction expeditiously
• Dual tracked both acquisition processes as well as a debt and equity financing
• Took a significant role in soliciting term sheets and managing and resolving due diligence issues
• Worked with stakeholders to create deal structure that provided Company with flexibility to achieve growth targets
• Successfully structured and negotiated the transaction within compressed timeframe