Transactions

Financial Advisor

Duff & Phelps Advised Traeger Pellet Grills, LLC on its Significant Minority Sale to Trilantic Capital Partners 

Trilantic Capital Partners has acquired a significant minority interest in Traeger Pellet Grills, LLC

Duff & Phelps is pleased to announce that Trilantic Capital Partners (“TCP”), a leading global private equity firm, has acquired a substantial minority interest in Traeger Pellet Grills, LLC (“Traeger” or the “Company”). In conjunction with the TCP investment, the Company completed a senior credit facility financing with Prospect Capital Corporation. The transaction closed on June 18, 2013.   

About Traeger Pellet Grills, LLC

Traeger Pellet Grills, LLC manufactures wood pellet grills and wood pellets for outdoor cooking. It offers a range of grills, pellets, sauces, rubs and shakes, accessories, and grill covers. The Company sells its products through a dealer network, online and through a direct sales force at selected retailers, trade shows, fairs, rodeos and other outdoor events in the United States and Canada. In 2012, the company began the roll-out of Traeger branded stores in major shopping malls across the country. The company was founded in 1985 and is based in Wilsonville, Oregon. 

About Trilantic Capital Partners

Trilantic Capital Partners is a private equity firm focused on control and significant minority investments in North America and Europe with primary investment focus in the consumer, energy, financial and business services sectors. Trilantic currently manages four institutional private equity funds with aggregate capital commitments of $5.3 billion. 

About Prospect Capital Partners

Prospect Capital Corporation (NASDAQ: PSEC) is a leading provider of flexible private debt and equity capital to sponsor-owned and non-sponsor-owned middle market companies in the United States and Canada. 

Transaction Role

Duff & Phelps was engaged as the exclusive financial advisor to Traeger Pellet Grills, LLC to provide investment banking advisory services in connection with a minority equity recapitalization and a refinancing of Traeger's credit facilities.

Stay Ahead with Kroll

Mergers and Acquisitions (M&A) Advisory

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Valuation Services

Valuation Services

When companies require an objective and independent assessment of value, they look to Kroll.

Fairness Opinions

Fairness Opinions

#1 ranked provider of fairness opinions for boards of directors and special committees.

Transaction Advisory Services

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Corporate Finance and Restructuring

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Related Case Studies
Return to top