Da Vinci Gourmet Sale

Situation

Da Vinci Gourmet is a leading manufacturer of branded flavored syrups, confectionary sauces and tea concentrates - serving specialty coffee chains, specialty food and grocery stores and foodservice outlets in more than 40 countries. Kerry, a publicly traded, multi billion-dollar food company headquartered in Ireland, approached the owners with an interest in buying Da Vinci. Kerry's expression of interest initiated a thinking process about maximizing the value to the shareholders.

ZS Role

Zachary Scott was engaged as exclusive financial advisor to evaluate Kerry’s overture and negotiate a sale of the business.

Results

Zachary Scott succeeded in arranging a cash sale of Da Vinci Gourmet to Kerry at a 50% premium over Kerry’s initial offer. The transaction was closed 30 days after the signing of the letter of intent.

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