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Ardian Acquires Majority Stake In Florida Food Products And Forms Partnership With Midocean

PRIVATESep 21, 2021

Acquiring Company

Ardian

Acquired Company

Florida Food Products

Lake MaryManufacturingFood and BeverageAgriculture and FarmingFood Processing

Description

Ardian, a world-leading private investment house, announced today that it has acquired a majority stake in Florida Food Products ( “FFP” or the “Company”) through its U.S. Buyout team from MidOcean Partners (“MidOcean”) for an enterprise value in excess of $1 billion. MidOcean initially invested in the business in 2018 and will retain a significant stake in FFP alongside Ardian. Additional terms of the transaction were not disclosed.

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Company Information

Company

Ardian

About

Ardian is a world-leading private investment house with assets of US$114 billion managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world. Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 780 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,200 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt. Follow Ardian on Twitter @Ardian www.ardian.com ABOUT MIDOCEAN PARTNERS MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. ABOUT FLORIDA FOOD PRODUCTS Founded in 1954 and based in Eustis, Florida, FFP operates a multifunctional production facility and is involved in manufacturing of food protection ingredients, vegetable juice concentrates and derivatives used in a multitude of food applications from savory to beverages, sports nutrition and meats, and are marketed globally. The Company has offered a portfolio of healthy, natural, clean label solutions for over 60 years. For additional information, please visit Florida Food Products’ website (www.floridafood.com).

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Frequently asked

Who acquired Florida Food Products?

Florida Food Products was acquired by Ardian. The deal was reported on September 21, 2021. Ardian is a world-leading private investment house with assets of US$114 billion managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. Ardian is privately held.

When did Ardian acquire Florida Food Products?

Ardian's acquisition of Florida Food Products was reported on September 21, 2021. Ardian, a world-leading private investment house, announced today that it has acquired a majority stake in Florida Food Products ( “FFP” or the “Company”) through its U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Florida Food Products do?

Florida Food Products, LLC (FFP) is the world's largest privately held natural ingredients supplier and a trailblazer in clean label solutions. It is privately held, operating in Manufacturing, and is based in Lake Mary.

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