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February 1, 2024 - Deals
Acquisition On 12/21/2021 For Undisclosed Amount Complete Property Transaction
ACQUISITION
IMAGE: Mel Carter (@MelCarter) & Coach K (@coachk44)
DATE: 12/21/2021
BUYER: Kevin 'Coach K' Lee & Mel Carter
PROPERTY: 18 Bojangles Locations
SALE PRICE: $24,350,000
NOTE: Mel Carter and Coach K also recently signed a development agreement to develop 14 new locations across Atlanta, GA which would increase their portfolio to 32 locations
HQ: #Charlotte #NorthCarolina
#VentureCapital #MelCarter #CoachK #Bojangles #TradedVC
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Ferrero Acquires Purely Elizabeth For Estimated $850 MillionPurely Elizabeth started with homemade muffins and a $5,000 bet from founder Elizabeth Stein. More than a decade later, the better-for-you food brand has grown to 30,000+ stores and is being acquired by Ferrero for an estimated $850M+.
Stein built the company slowly, waiting years before raising outside capital and expanding from Whole Foods into Target and Walmart. Now, she’ll remain CEO as Purely Elizabeth enters its next chapter under Ferrero.
A founder-led food brand, built without rushing the process.
#VentureCapital #PurelyElizabeth #ElizabethStein #CPG #TradedVC
NVent Electric Acquires Maverick Power For $1.75 Billion To Enhance Power InfrastructurenVent Electric has agreed to acquire Maverick Power for $1.75 billion, with up to $550 million in additional performance-based consideration, as it expands its power infrastructure capabilities to meet rising AI data center demand. The McKinney, Texas-based manufacturer of engineered power distribution solutions, which is expected to generate about $700 million in revenue this year, will strengthen nVent’s offerings across switchgear, switchboards, and modular solutions; nVent CEO Beth Wozniak said the deal will enhance the company’s ability to serve data center customers.
SALE PRICE: $1,750,000,000
HQ: St. Louis Park, Minnesota
#VentureCapital #nVentElectric #MaverickPower #TradedVC