BB&T Capital Markets is distinctly focused on the Food & Agribusiness sector with full service capabilities to serve the entire food channel, including distributors, agribusiness, food manufacturers and retailers as well as the restaurant sector. Our team of investment bankers, corporate lenders and award-winning equity research analysts combine industry depth with the broadest strategic tools available, including
Through our strong relationships with top strategic buyers and private equity firms, we are distinctly committed to the success of our clients.
On April 23, 2019, Jacent Strategic Merchandising, LLC (“Jacent”), a portfolio company of Lariat Partners, was acquired by Gridiron Capital.
BB&T Capital Markets served as the exclusive financial advisor to Jacent.
On March 8, 2018, BB&T Capital Markets served as a co-manager for a two-tranche offering of $1 billion senior notes by Sysco Corporation.
Proceeds from the offering are being used, in part, to fund the purchase of up to $200 million combined aggregate principal amount of 2039 notes, 2027 debentures, 2028 debentures and 2035 notes in a concurrent tender offer, as well as repay outstanding borrowings under the company’s commercial paper program and for general corporate purposes.
On October 1, 2017, The Bargain Barn, Inc. ("Bargain Barn" or the "Company") (d.b.a. United Grocery Outlet) was acquired by Gen Cap America. BB&T Capital Markets served as exclusive financial advisor to Bargain Barn.
On July 31, 2017, Golding Farms Foods, Inc. (“GFF”) received an investment from Centre Partners. BB&T Capital Markets served as the exclusive financial advisor to GFF.
On December 30, 2016, Hill & Valley Inc. (“Hill & Valley”), a portfolio company of Quilvest Private Equity, was acquired by J&J Snack Foods Corp. (NASDAQ: JJSF). BB&T Capital Markets served as the exclusive financial advisor to Hill & Valley.
On November 15, 2016, U.S. Tobacco Cooperative Inc. (“USTC” or the “Cooperative”), a grower-owned tobacco marketing cooperative, completed its acquisition of King Maker Marketing, Inc. (“KMM”), an importer and distributor of branded tobacco products. BB&T Capital Markets served as exclusive financial advisor to USTC.
On October 14, 2016, T.F. Kinnealey & Co. (“Kinnealey” or the “Company”) was acquired by Performance Food Group Company (NYSE:PFGC). BB&T Capital Markets served as the exclusive financial advisor to Kinnealey.
On October 13, 2016, KH International, Inc. (“KHI”), a business-to-business leader in the sourcing, logistics, and sale of exceptional quality fruit and food products, was acquired by Camerican International, Inc. (“Camerican”), an international food sourcing and import services provider. BB&T Capital Markets served as exclusive financial advisor to KHI.
On September 23, 2016, BB&T Capital Markets served as a co-manager for a $400 million offering of 3.50% senior notes due 2026 by Flowers Foods Inc.
The net proceeds from this offering will be used for general corporate purposes.
On September 15, 2016, BB&T Capital Markets served as a co-manager for a $500 million offering of 3.20% senior notes due 2026 by Ingredion, Inc.
The net proceeds from this offering will be used to repay approximately $350 million of outstanding debt under the company’s term loan, and approximately $42 million of outstanding debt under the company’s revolving credit facility. The remaining amount will be used for general corporate purposes.
On September 7, 2016, BB&T Capital Markets served as a co-manager for a $400 million offering of 2.55% senior notes by Dr. Pepper Snapple Group, Inc.
Proceeds from the offering are being used to redeem $360 million of their 6.82% Senior Notes due in 2018, and for general corporate purposes, which may include share repurchases, capital expenditures, working capital, future acquisitions and investments.
On June 14, 2016, BB&T Capital Markets served as a co-manager for a €500,000,000 offering of senior notes by Sysco Corp. Proceeds from the offering were to pay a portion of the purchase price for the Brakes Group
acquisition, which includes the repayment of approximately $2.3 billion of Brakes Group’s outstanding financial indebtedness.
BB&T Capital Markets’ Food & Agribusiness Group completed the follow-on offering for Performance Food Group Company (“PFG”), a leading broadline food distributor, in an offering worth $291,000,000.
PFG will not receive any of the proceeds from shares sold in this offering. Selling shareholders include two of the Company’s private equity sponsors Blackstone and Lexington Partners. The Company has granted the underwriters a 30-day option to purchase an additional 1.8 million shares at the public offering price to cover over-allotments.
Crop Inputs; Grains, Sugar, Cocoa, & Oilseeds; Milling & Processing; Transportation, Logistics, & Storage; Growers; Protein Processors; Poultry; Seafood; Beef; Pork; Eggs; Dairy; Animal Feed / Health & Wellness; Food Safety, Testing, & Inspection
Branded Goods; Private Label & Contract Manufacturing; Fresh Fruit, Vegetables, & Produce; Flavors & Seasonings; Sweeteners; Ethnic, Artisanal, & Specialty; Protein Products; Dairy Processing; Frozen & Prepared Foods; Baked Goods; Edible Oils; Snack & Confectionery; Chocolate; Fruit & Nut Snacks; Cookies, Crackers, & Chips; Cakes, Pies, & Pastries; Ice Cream & Frozen Treats
Beer & Wine; Spirits; Distribution
Soda; Energy Drinks; Water; Coffee & Tea; Specialty
Broadline; Foodservice; Specialty; Ethnic
Grocery; Drug & Convenience; Foodservice; Restaurants; Bakery & Deli; Franchisor / Franchisee Groups
Nutraceuticals; Vitamins & Supplements; Natural & Organic; Healthy Living