Mubadala Capital, the global asset management firm and a wholly owned subsidiary of sovereign investor Mubadala Investment Company, has acquired AOG, d/b/a TruFood Manufacturing (TruFood), in partnership with management.
TruFood, a leading snack food contract manufacturer in several categories, is being acquired from funds affiliated with AUA Private Equity Partners, LLC.
Financial details of the transaction have not been disclosed.
The acquisition is expected to deliver significant value to TruFood’s stakeholders, including its existing customers and employees, while bolstering the company’s competitive advantage, increasing its market reach, advancing product development, and accelerating long-term growth.
Mubadala Capital manages a diverse portfolio of investments across the globe, in particular within the consumer and food services space, where the company has invested approximately $2 billion over the past eight years. One recent example being Mubadala Capital’s investment in Thrive Foods, a leading player in the freeze-dried food sector.
Under the terms of the agreement, TruFood will remain a stand-alone business and will maintain the same TruFood identity and operational autonomy.
Akin Gump Strauss Hauer & Feld LLP acted as legal advisors and William Blair as financial advisors to Mubadala Capital. McDermott Will & Emery acted as legal advisors and Houlihan Lokey as financial advisors to TruFood.
