USA > UK based Pamplona Capital Management to buy BakeMark from CSM Bakery Solutions

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Following CSM’s strategy to focus on its core business in Europe and North America, it has agreed to sell its BakeMark business to UK based Pamplona Capital Management. BakeMark is based in Pico Rivera, California and provides distribution services through a network of 25 distribution centers and three manufacturing sites in US and in Canada. It offers diversified line of products, ingredients and supplies to the food industry with brands such as Westco, Trigal Dorado and BakeSense.

According to CSM’s President and CEO Marianne Kirkegaard:

“We have always had great appreciation for the value of the BakeMark business but this sale will help us support our goal of further strengthening our core business in Europe and North America by focusing on our value added bakery products and ingredients portfolio. Under Pamplona’s ownership, BakeMark can further strengthen its strong position and reputation as the industry’s supply and distribution market leader in North America.”

William Pruellage, a Partner at Pamplona,  said the following about the transaction:

“BakeMark is a market-leading specialty distribution platform serving as the premier bakery ingredient supplier in North America. We believe BakeMark is well positioned to succeed as a stand-alone entity and capitalize on new growth opportunities. We look forward to supporting Jim Parker, the President and CEO of BakeMark, and the rest of the Company’s exceptional management team to build on its long history of providing trusted and valuable service to the food industry.”

The transactions terms of the deal were facilitated by Harris Williams & Co which is an M&A advisory firm while Sullivan & Cromwell LLP provided legal counsel to CSM.  Goodwin Procter LLP provided advice to Pamplona. A joint venture between Ares Capital Corporation and Varagon Capital Partners and Northwestern Mutual Capital; Senior Direct Lending Program committed the debt financing for the transaction.

About CSM Bakery Solutions

 A global leader in bakery ingredartisan and industrial bakeries, CSM Bakery Solutions serves more than 45000 customers in 100 plus countries. It offers a broad portfolio of recognized brands with specialized ingredients such as dry mixes, fillings, icing, glazesients, products and services for retail and food service markets, mélange, toppings, batter, frozen dough etc. and also finished products such as cakes, donuts, muffins, brownies, cookies, specialty bread, viennoiserie etc. Industries most trusted names such as Brill, Henry & Henry, MeisterMarken, Multifoods, and Waldkorn opt for CSM.

About Pamplona Capital Management

Pamplona Capital Partners V, L.P is a $3.4 billion investment vehicle raised in 2017 and is headquartered in London and New York. It is a specialist investment manager that provides an alternative investment platform across private equity, fund of hedge funds, and single manager hedge fund investment. Pamplona manages $15 billion in assets for clients such as public pension funds, international wealth managers, multinational corporations, family offices, and funds of hedge funds.

About BakeMark

An industry leader and trusted partner for quality bakery ingredients, products, supplies and services, BakeMark boasts of 100 year of service. With over 25 branches conveniently located across U.S and Canada, BakeMark delivers a complete line of ingredients and supplies, ranging from bakery mixes, fillings & icings, glazes, donut sugar and frozen varieties to flour, sugar, shortening, dairy & egg, packaging & supplies and gourmet chocolate. It has both manufacturer and distributor branches and some of its exclusive brands are Westco, Trigal Dorado, BakeSense, BakeQwik and C’est Vivant.