Case Study: Natural Nutrition Group
Our investment in Natural Nutrition Group, a $60 million in sales branded food company, is an example of our successful approach. When the company was acquired, it was losing over $1 million per month. Our team realized the company had excessive raw material and operating costs, targeted consumers with the wrong message, was poorly positioned at retail and had an inadequate management team.
During our ownership, we worked with management to:
- Streamline the cost structure
- Reposition the brand targeting the natural and organic consumer segment
- Expand the product line and distribution through packaging innovation focusing on single serve, portable containers
- Complete two strategic acquisitions
Our efforts resulted in EBITDA increasing to over $10 million enabling a sale to a large, publicly traded competitor and an IRR on the investment of 37%.
Case Study: Teepak
Our investment in Teepak, a $200 million flexible packaging company with five manufacturing locations and over 1,700 employees around the world, is another example of our successful approach. Before our investment, Teepak was an orphan division of a large, publically traded international conglomerate.
With our leadership and by partnering with management, we were able to realign the business around profitable product lines, close underperforming manufacturing locations, accelerate growth, acquire a competing business and exit the business to strategic acquirers. Our efforts resulted in an IRR of 55%.