M&A Deal Summary

Alantra Private Equity, Artá Capital and Ardian Acquire MonBake

On February 1, 2018, private equity firms Alantra Private Equity, Artá Capital and Ardian acquired food company MonBake

Acquisition Highlights
  • This is Alantra Private Equity’s 10th, Artá Capital’s 2nd and Ardian’s 11th transaction in the Food sector.
  • This is Alantra Private Equity’s 70th, Artá Capital’s 10th and Ardian’s 8th transaction in Spain.

M&A Deal Summary

Date 2018-02-01
Target MonBake
Sector Food
Buyer(s) Alantra Private Equity
Artá Capital
Ardian
Deal Type Buyout (LBO, MBO, MBI)

Target

MonBake

Mutilva, Spain
website
MonBake is a frozen bakery company resulting from the merger of Berlys and Bellsola. The combination of both companies will strength their leadership position in Spain with high complementary in products and markets. MonBake offers a broad portfolio of bakery products (bread, bakery and pastries) through its main brands (Berlys, Bellsola, Orio, Bouquet, etc.), manufactured in its state-of-the-art facilities and commercialized through a broad and capillary distribution network that serves more than 25,000 clients, including the largest modern retailers. MonBake was founded in 2018 and is based in Mutilva, Spain.

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Buyer(S) 3

Buyer

Alantra Private Equity

Madrid, Spain

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alantra Private Equity is a private equity firm focused on mid-sized buyout investments in Spain and Portugal. Thematic Investment approach focused in 4 sectors Food & Nutrition, Health & Wellness, Industry and TMT. Alantra Private Equity was formed in 1986 and is based in Madrid.


DEAL STATS #
Overall 81 of 90
Sector (Food) 10 of 12
Type (Buyout (LBO, MBO, MBI)) 66 of 72
Country (Spain) 70 of 77
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Berlys

Multiva Baja, Spain

Panaderías Navarras, S.A. is manufacture, distribution, and sale of fresh and frozen bread, baked goods and pastries in Spain through its network of 185 shops. Also, its subsidiary BERLYS, which specializes in frozen products, sold to over 16,000 customers, which include bakeries, hotels, restaurants, hypermarkets and other food shops. Its strategic plan aims, on the one hand, to the consolidation of business in the areas where the company is already present, together with its geographic expansion into other regions and foreign markets and the launch of new products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 ROQ

Mateus, Portugal

ROQ engages in the production of machinery for the textile industry and laser cutting services. ROQ involves in the manufacturing and commercialization of screen and digital printing machines as well as drying, folding and packaging solutions. ROQ was founded in 1983 and is based in Mateus, Portugal.

Buy -
Buyer

Artá Capital

Madrid, Spain

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Artá Capital is a private equity firm focused on investing in and acquiring businesses throughout the Iberian peninsula. Artá Capital has a preference for growth deals and buyouts of middle-market family-owned companies. Artá is sector agnostic and generally looks for businesses valued between €100 and €500 million. Artá Capital was established in 2008 and is headquartered in Madrid.


DEAL STATS #
Overall 11 of 19
Sector (Food) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 10
Country (Spain) 10 of 17
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Berlys

Multiva Baja, Spain

Panaderías Navarras, S.A. is manufacture, distribution, and sale of fresh and frozen bread, baked goods and pastries in Spain through its network of 185 shops. Also, its subsidiary BERLYS, which specializes in frozen products, sold to over 16,000 customers, which include bakeries, hotels, restaurants, hypermarkets and other food shops. Its strategic plan aims, on the one hand, to the consolidation of business in the areas where the company is already present, together with its geographic expansion into other regions and foreign markets and the launch of new products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Gascan

Lisbon, Portugal

Gascan is a player in the piped LPG segment in Portugal, serving more than 65,000 domestic clients located throughout the country. The company manages its own supply infrastructure, comprising over 2,000 tanks and nearly 750km of associated pipes, and supplies over 12,000 tonnes of LPG each year. Gascan was founded in 1993 and is based in Lisbon, Portugal.

Sell -
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 309 of 416
Sector (Food) 11 of 15
Type (Buyout (LBO, MBO, MBI)) 94 of 107
Country (Spain) 8 of 17
Year (2018) 3 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-24 Gates Industrial

Denver, Colorado, United States

Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Indexia Group

Paris, France

Indexia Group is a European player in the distribution of extended warranty products, specializing in particular in the fast-growing portable products market. Indexia Group designs sell and manage a line of premium insurance products for mobile phones and multimedia devices with extended warranties. In 2010, Indexia Group launched its products on the national market and became the first broker to offer all-risk insurance (covering all causes of loss and breakage) combined with a smartphone recycling service. Indexia Group was founded in 1999 and is based in Paris, France.

Buy -