Acquirer: Panda Acquisition Inc.
Rank Value: $1.3B
Target Description: Sells food and food-related products to the food service industry.
Notes: Panda Acquisition, a unit of The Blackstone Group, is a majority owner of Vistar Corp., which will merge with Performance Food Group following regulatory approval of the acquisition.
Chroma Oil & Gas
Acquirer: ACON Investments LLC
Rank Value: NA
Target Description: Explores oil and gas on the Gulf Coasts of Louisiana and Texas.
Notes: ACON Investments is a unit of TPG Capital. In March, Acon raised $570 million for two funds, Acon-Bastion Partners II and Acon Investment Partners, which fueled its pursuit of the oil and gas company. Last year, Acon added Houston-based Milagro Exploration, an oil and gas exploration and production company, and Egg Harbor Township, N.J.-based Spencer Gifts Holdings Inc. to its portfolio.
Implus Footcare
Acquirer: AEA Investors
Rank Value: NA
Target Description: Sells socks, insoles and other footwear products.
Notes: New York-based AEA Investors purchased a majority stake in Implus from FdG Associates of New York. Implus is the second Durham, N.C.-based company that AEA has invested in during the last few years. AEA Investors bought 80% of Durham-based personal care products company Burt’s Bees for $179 million in 2004 and then sold that company to Clorox for $913 million in 2007.