LFE Capital Exits Global ID Group
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LFE Capital Exits Global ID Group

global id nfLFE Capital has sold its portfolio company Global ID Group, an agriculture and food testing company. LFE first invested in Global ID in April 2008.

Global ID Group provides analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used to detect genetically modified organisms and to ensure compliance with national and international government regulations and consumer information needs. The company was founded in 1996 and is based in Fairfield, IA (www.global-id-group.com).

During LFE’s term of ownership, Global ID nearly doubled its revenue while growing its EBITDA margin to over 20% as a result of numerous initiatives supported by LFE Capital.

“LFE played a key role working with management and the board to take Global ID into its next chapter,” said Craig Ibsen, LFE Senior Advisor and former chairman of Global ID. “The company is now at the forefront of a revolution in the food industry in which companies are responding to consumer demands for greater transparency – even the most mainstream food and agricultural companies’ practices are changing.”

LFE Capital invests from $2 million to $5 million in businesses that have revenues of $5 million to $50 million and EBITDAs of at least $1 million. Sectors of interest include consumer, healthcare, and business services with a focus on health and wellness. The firm was founded in 1999 by Leslie Frécon and is based in Minneapolis (www.lfecapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 11-20-13

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