DCF Advises on the Acquisition of a Leading Ethnic Prepared Meals Business
Transaction highlights cross-border and cross-functional buy-side experience in the Food & Beverage sector
Deloitte Corporate Finance LLC (“DCF”) is pleased to announce its role as a financial advisor to Nichirei Foods Inc., (“Nichirei Foods”), a wholly-owned subsidiary of Nichirei Corporation, regarding its acquisition of InnovAsian Cuisine Enterprises LLC (“InnovAsian”).
The DCF team advised and assisted Nichirei in various aspects of its execution of the transaction, including range of value analysis, transaction negotiation support, and due diligence process management. Close coordination with Deloitte’s M&A Transaction Services and Japanese Services Groups and bilingual transaction support were crucial factors in successfully executing the transaction. This transaction further highlights DCF’s experience in the prepared food industry segment.
Nichirei Foods Inc.
Nichirei Foods Inc. manufactures frozen food products. The company was founded in 2005 and is based in Tokyo, Japan. Nichirei Foods Inc. operates as a subsidiary of Nichirei Corporation.
Nichirei Corporation, through its subsidiaries, is involved in food-related businesses primarily in Japan. Its Processed Foods business engages in the production, processing, and sale of frozen foods, acerola ingredients, retort-pouch foods, canned foods, and health foods.
InnovAsian Cuisine Enterprises LLC
InnovAsian Cuisine Enterprises, L.L.C. plans, develops, and markets frozen food products. InnovAsian has made accessible traditional, regional Asian flavors into a pantry of stylized, convenient-to-prepare dishes. As the market leader in the Asian Component food category, InnovAsian markets and distributes its products to multiple food segments: Deli: Prepared Foods, Grab & Go & Behind-the-Glass; Retail Frozen Packaged Products, and Foodservice. The company was founded in 1998 and is based in Tukwila, Washington.