William Blair acted as the exclusive financial advisor to Mallet & Company, a portfolio company of ICV Partners, in connection with its sale to Vantage Specialty Chemicals, a portfolio company of The Jordan Company. The sale of Mallet builds upon William Blair’s expertise in advising value-added specialty food and ingredient businesses.
Transaction Highlights
- Deep relationships and industry expertise: ICV Partners and Mallet were attracted to William Blair’s extensive knowledge and experience in the food sector, recent transaction experience, and strong relationships with likely strategic and financial acquirers worldwide.
- Trusted guidance: William Blair’s deal team was integrally involved in each step of the transaction process and facilitated an excellent outcome for Mallet’s shareholders.
- Highly strategic transaction: The acquisition of Mallet provides an immediate expansion of Vantage's existing food ingredients business and enhances its production capabilities, distribution channels, and customer base, particularly with bakeries and retail pizza operations.
About the Companies
Mallet & Company, based in Carnegie, Pennsylvania, is the market-leading North American provider of baking release agents, offering innovative products and capabilities to the food industry with a focus on R&D, technical service, and custom formulation and packaging capabilities. In addition, the company designs and builds customized spray equipment to apply certain types of its specialty ingredients.
ICV Partners is a leading private investment firm that supports management leaders of strong companies at the lower end of the middle market. The principals of ICV have crafted a strong track record of helping companies improve performance over the long term and across a variety of industries.
Vantage Specialty Chemicals, based in Gurnee, Illinois, is a leading provider of natural-based specialty ingredients focused on personal care, food, consumer, and industrial end-markets. Vantage operates in six manufacturing facilities throughout the United States and with laboratories and commercial offices in 14 countries across Latin America, South Africa, Europe, and Asia.
The Jordan Company is a middle‐market private equity firm that manages funds with original capital commitments in excess of $8 billion. The Jordan Company specializes in buying and building companies, most often in partnership with the existing owners and management teams of those companies.
More about our consumer and retail investment banking practice