William Blair acted as exclusive financial advisor to Commodity & Ingredient Hedging, LLC (CIH), a portfolio company of Falfurrias Capital Partners (Falfurrias), in connection with its pending sale to Tokio Marine Holdings, Inc. (Tokio Marine). The transaction was announced on November 21, 2025 and remains subject to customary regulatory approvals.
About the Companies
Founded in 1999, Chicago-based CIH provides clients with the critical information, tools, and skills needed to make better risk management decisions. Through a unique combination of education, regular consultation, and technology tools, the company provides comprehensive risk management services to producers, importers/exporters, elevators, traders, and end users in various agriculture industries, including hog, beef, dairy, poultry/feed, ethanol, and crop. Serving over a thousand clients throughout the United States, Latin America, Europe and Southeast Asia, CIH is widely recognized as a leader in margin and risk management in the agricultural commodity markets.
Falfurrias is an operationally focused middle-market private equity fund focused on investing in growth companies. The team is comprised of investors and proven operators, as well as inhouse resources across strategy & market insights, risk & integration, talent, and technology. The fund is managed by Falfurrias Management Partners, a Charlotte-based private equity firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised $3.6 billion across seven funds and invests in growing, middle-market businesses in sectors where the firm’s operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives.
Tokio Marine is one of the world’s largest global insurance and risk players with a network encompassing Japan and 57 countries and regions worldwide, and over 51,000 employees. Tokio Marine Group has the capabilities to drive genuine positive changes through a business model grounded in a sense of purpose and social responsibility, built on 146 years of history and an enduring culture that fosters innovation and expertise. Composed of a diverse range of insurance and solutions businesses across the world, that bring a depth and breadth of capabilities to address and mitigate ever-evolving risks, the company provides clients and communities with the security they need to move forward, while working to create more resilient societies and a better tomorrow. Its stock is publicly traded on the Tokyo Stock Exchange.
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