M&A Deal Summary

Bain Capital Private Equity and CVC Capital Partners Acquires Valeo Foods Group

On May 10, 2021, private equity firms Bain Capital Private Equity and CVC Capital Partners acquired food company Valeo Foods Group Ltd. from CapVest

Acquisition Highlights
  • This is Bain Capital Private Equity’s 5th and CVC Capital Partners’ 14th transaction in the Food sector.
  • This is Bain Capital Private Equity’s 2nd and CVC Capital Partners’ 3rd transaction in Ireland.

M&A Deal Summary

Date 2021-05-10
Target Valeo Foods Group Ltd.
Sector Food
Buyer(s) Bain Capital Private Equity
CVC Capital Partners
Sellers(s) CapVest
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs Investment Banking Division (Financial)
Willkie Farr & Gallagher LLP (Legal)

Target

Valeo Foods Group Ltd.

Dublin, Ireland
website
Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.

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Buyer(S) 2

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 197 of 212
Sector (Food) 5 of 6
Type (Secondary Buyout) 49 of 57
Country (Ireland) 2 of 2
Year (2021) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Dessert Holdings

St. Paul, Minnesota, United States

Dessert Holdings is a dessert company, recognized for providing its retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible and low-cost supply chain, and best-in-class service. It is an umbrella organization of three premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. Together, the companies serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia. Dessert Holdings is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-08 ExtraHop

Seattle, Washington, United States

ExtraHop is on a mission to arm security teams to confront active threats and stop breaches. The Company's Reveal(x) 360 platform, powered by cloud-scale AI, covertly decrypts and analyzes all cloud and network traffic in real time to eliminate blind spots and detect threats that other tools miss. Sophisticated machine learning models are applied to petabytes of telemetry collected continuously, helping ExtraHop customers to identify suspicious behavior and secure assets.

Buy $900M
Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 82.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €250 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 271 of 291
Sector (Food) 14 of 15
Type (Secondary Buyout) 60 of 70
Country (Ireland) 3 of 3
Year (2021) 10 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Icario, Inc.

Minneapolis, Minnesota, United States

Icario is a health action company focused on connecting people to health. Icario uses pioneering behavioral research, data science, and our adaptive multi-channel platform to deliver personalization at scale for the most trusted healthcare organizations in all 50 states, including seven of the 10 largest health plans. Icario was founded in 2006 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 AR Packaging Group AB

Malmo, Sweden

AR Packaging is a producer of fiber-based consumer packaging. The Company is divided into three divisions: Branded Products (tobacco and confectionery), Barrier Packaging (performance packaging, flexibles) and Food (food/consumer goods and food services). AR Packaging is based in Malmo, Sweden.

Sell $1.5B

Seller(S) 1

SELLER

CapVest

London, United Kingdom

website


Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 10 of 10
Sector (Food) 6 of 6
Type (Secondary Buyout) 4 of 4
Country (Ireland) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Eight Fifty Food Group

North Yorkshire, United Kingdom

Eight Fifty Food Group is a supplier of both branded and own-label seafood and pork. The pork division is a leading processor and supplier of pork products across the UK and Ireland. The seafood division is a provider of chilled and frozen products across the UK, Germany, and France. Eight Fifty Food Group was formed in 2019 and is based in North Yorkshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 Rodericks Dental Ltd.

Northampton, United Kingdom

Rodericks Dental is a provider of NHS, private and specialist dental services and owns 71 practices in England and Wales. Rodericks Dental was formed in 1984 and is based in Northampton, United Kingdom.

Buy -