November 7, 2011
CPC Fund VI Announces Milk Specialties Global Acquisition
Carson Private Capital Fund VI, LP has announced its participation in the acquisition of Milk Specialties Global by HM Capital Partners in a transaction valued at $340 million.
Founded in 1944, Milk Specialties Global is the market leader and largest independent manufacturer of whey and specialty dairy protein ingredients serving the sports nutrition, food manufacturing and animal nutrition end markets.
Headquartered in Eden Prairie, Minnesota, the Company has eight production facilities located throughout the Midwest and is led by a strong and experienced management team, who are participating in the acquisition.
This transaction represents the tenth and final platform investment for Carson Private Capital Fund VI, LP.
HM Capital has a long and successful investment track record in the food sector, having completed more than 25 transactions representing over $5 billion of enterprise value, which combined have generated a gross realized return of 2.5x and a 36% IRR.
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