TowerBrook Capital Partners Makes Majority Investment in Demakes Enterprises
December 14, 2023
TowerBrook Capital Partners has made a majority equity investment in Demakes Enterprises, a Lynn, Massachusetts-based manufacturer of specialty protein and deli products. The Demakes family will retain a significant minority stake and the transaction was financed by funds managed by the Credit Group of Ares Management alongside other credit partners; TowerBrook intends to scale the business organically and via targeted acquisitions to expand distribution and product reach.
- Buyers
- TowerBrook Capital Partners
- Targets
- Demakes Enterprises, LLC
- Sellers
- Demakes family (Andrew Demakes; Elias Demakes; Timothy Demakes)
- Industry
- Food & Beverage
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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