Lincoln International Represents North American Funds in the Sale of Culinary Standards Corporation to AgraGlobal Foods, LLC
CHICAGO, October 10th, 2008 – Lincoln International, a global middle-market investment bank, today announced the sale of Culinary Standards Corporation (“Culinary Standards” or “Company”), a portfolio company of North American Funds (“NAF”), to AgraGlobal Foods, LLC. Lincoln International acted as the exclusive financial advisor to Culinary Standards. Terms of the transaction were not disclosed.
Culinary Standards is a producer of premium cooked-then-frozen food products primarily for the foodservice marketplace, including hot delis and the National School Lunch Program. Culinary Standards offers superb product development capabilities across a broad product line consisting of side dishes, entrees, chilies, sauces and gravies, soups, seasoned vegetables, and dips. The Company serves a blue-chip base of customers in the foodservice industry. Culinary Standards is headquartered and has manufacturing operations in Louisville, Kentucky.
About North American Funds
North American Funds (“NAF”) is a group of private equity funds with management based in Chicago, IL. NAF include partnerships with $115 million in equity capital that specialize in acquiring, or making substantial equity investments in, small businesses with significant growth potential. NAF is managed by North American Business Development Companies, L.L.C., whose three founding principals have in excess of 70 years of combined experience in the business development process and in managing and financing small businesses. NAF has compiled a clear record of success in acquiring and growing small businesses since its formation in 1989. More information about NAF can be obtained at http://northamericanfund.com.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising and providing fairness opinions and valuations to leading private equity firms, corporations and private companies in the middle market. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Vienna and Tokyo, as well as strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. This organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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