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Nautic Partners Sells Big Train to Kerry Group

Providence, RI

Nautic Partners, LLC announced today that it has completed the sale of Big Train, Inc. (“Big Train” or the “Company”) to Kerry Group plc. The terms of the transaction were not disclosed.

Headquartered in Lake Forest, CA, Big Train is a manufacturer and marketer of liquid and powdered beverage concentrates used for blended ice coffee, fruit smoothies, chai tea, cocoa drinks and various syrups. The company distributes its products through multiple channels, including independent coffeehouses, large retail chains, and international distributors. Big Train serves its approximately 14,000 coffeehouse customers directly, as well as through distributors. Coffeehouses sell the Company’s product under the “Big Train” brand as well as under private label.

“Our experience working alongside the Big Train management team has been excellent,” said Bernie Buonanno, Managing Director of Nautic. “The strength of the Company’s leadership and the high quality of its products are reflected in its double-digit growth over the last few years.”

“Our partnership with Nautic was a tremendously positive experience,” said Robyn Hawkins, former Chief Executive Officer of Big Train. “With Nautic we expanded our relationships with multiple key customers, acquired substantial new business, and positioned the Company for strong growth in the coming years.” Edwards Wildman Palmer acted as legal counsel for the Company.

The Big Train sale was Nautic’s fourth liquidity event since November 2012.  The three other exits were GCA Services Group to The Blackstone Group, Aavid Thermalloy to Audax Private Equity, and Agilex Fragrances to MidOcean Partners.