M&A Deal Summary

Nestlé Acquires Atrium Innovations

On December 5, 2017, Nestlé acquired consumer products company Atrium Innovations from Permira for 2.3B USD

Acquisition Highlights
  • This is Nestlé’s 1st transaction in the Consumer Products sector.
  • This is Nestlé’s 6th largest (disclosed) transaction.
  • This is Nestlé’s 1st transaction in Canada.
  • This is Nestlé’s 1st transaction in Quebec.

M&A Deal Summary
Date 2017-12-05
Target Atrium Innovations
Sector Consumer Products
Buyer(s) Nestlé
Sellers(s) Permira
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

Atrium Innovations

Westmount, Quebec, Canada
website
Atrium Innovations Inc. engages in the innovation, formulation, production, and commercialization of science-based and professionally-endorsed products for health and nutrition industries. Atrium’s largest brand, Garden of Life®, is the #1 brand in the natural supplement industry in the U.S. Garden of Life, headquartered in Palm Beach Gardens, Florida, manufactures certified organic, non-GMO supplements that are sold in more than 14,000 health food stores and online in the U.S., as well as select markets internationally.

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Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland

website

Category Company
Founded 1866
Sector Food
Employees276,000
Revenue 92.9B CHF (2019)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 13 of 21
Sector (Consumer Products) 1 of 5
Type (Add-on Acquisition) 10 of 15
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Blue Bottle Coffee

Oakland, California, United States

Blue Bottle Coffee is a speciality coffee roaster founded in Oakland, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Nestlé S.A. - US Confectionary Business

Bloomington, Illinois, United States

Nestlé S.A.'s US Confectionary Business include iconic chocolate brands such as Butterfinger®, BabyRuth®, 100Grand®, Raisinets®, Wonka® and the exclusive right to the Crunch® brand for confectionary and certain categories in the U.S., as well as sugar brands such as SweeTarts®, LaffyTaffy®, and Nerds®.

Sell €2.8B

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 64 of 88
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 23 of 30
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2017) 4 of 4
Size (of disclosed) 10 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Kroll

New York, New York, United States

Kroll is an independent financial advisory and investment banking firm, offering a broad range of consulting and advisory services to public and private companies. With more than 1,200 professionals serving clients worldwide. Kroll was founded in 1932 and is based in New York.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-22 La Piadineria

Montirone, Italy

La Piadineria is the Italian market leader in the rapidly growing fast-casual space, one of the most attractive segments in the restaurant market. La Piadineria offers freshly made “Piadinas”, a typical Italian product consisting of flatbreads filled with a broad variety of ingredients. La Piadineria was founded in 2000 and is based in Montirone, Italy.

Buy €250M
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