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Encore exits Juice Tyme to Highlander after squeezing it for two dividend recaps

19 Aug 2013

orange_lrgEncore Consumer Capital has completed the sale of bag-in-box juice concentrate maker Juice Tyme to fellow private equity firm Highlander Partners.

The business, which was founded in 1980, was picked up by Encore through an undisclosed investment seven years ago.

Juice Tyme’s concentrate range includes enhanced waters, sports drinks, teas and cocktail mixers as well as classic and fortified juices.

Encore managing director Scott Sellers said, “This is a bittersweet day for Encore. We are pleased with the successful exit of Juice Tyme and feel that Highlander will be a great partner to carry the company forward.

“However, we will miss working with Juice Tyme’s talented and dedicated management team.

“It has been a pleasure working with them as they led the company through significant growth, two dividend recapitalizations and an expansion of the company’s manufacturing facility.”

In December last year Encore beat its target for its second buyout fund by holding a $211m final close.

Most of the commitments for Encore Consumer Capital Fund II were re-ups from its 2005 vintage vehicle, which gathered $175m thanks to LPs including Fairview Capital Partners, BAML Capital Access Funds, Hatteras Funds and 747 Capital.

AltAssets had revealed a month earlier that San Francisco-based Encore was approaching its $200m target after receiving $187.25m of commitments.

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