M&A Deal Summary

Celsius Acquires Func Food Finland Oy

On September 11, 2019, Celsius acquired food company Func Food Finland Oy from Sentica Partners for 25M USD

Acquisition Highlights
  • This is Celsius’ 1st transaction in the Food sector.
  • This is Celsius’ largest (disclosed) transaction.
  • This is Celsius’ 1st transaction in Finland.

M&A Deal Summary
Date 2019-09-11
Target Func Food Finland Oy
Sector Food
Buyer(s) Celsius
Sellers(s) Sentica Partners
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Func Food Finland Oy

Helsinki, Finland
website
Func Food Finland Oy is a wellness company that markets and distributes beverages, protein bars, supplements, and superfoods under the brands Celsius®, FAST Sports Nutrition, CocoVi, and FitFarm. Func Food represents a comprehensive portfolio of well-being products which promote active and, healthy lifestyles by investing in high-quality ingredients and best-in-class food and beverage expertise. Func Food was formed in 1996 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Celsius

Boca Raton, Florida, United States

website

Category Company
Founded 2004
Sector Beverages
Employees225
Revenue 314M USD (2021)
DESCRIPTION

Celsius is a global company with a proprietary, clinically proven formula for its CELSIUS® brand and all its sub-brands. CELSIUS has four beverage lines that each offer proprietary, functional, healthy-energy formulas clinically-proven to offer significant health benefits to its users. The four lines include CELSIUS® Originals, CELSIUS HEAT™, CELSIUS® On-the-Go, and CELSIUS® Sweetened with Stevia. Celsius was incorporated in 2004 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Finland) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Sentica Partners

Helsinki, Finland

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sentica Partners is a private equity group focused on investing in and developing small to mid-sized Finnish companies. Sentica looks for businesses generating sales of €10 to €100 million. The Firm is a generalist investor, but areas of particular interest include IT services, healthcare services and products, business services, consumer goods, manufacturing, and engineering. Sentica Partners in its present form was founded in 2004. The Firm has offices in Helsinki and Kuopio.

DEAL STATS #
Overall 22 of 23
Sector (Food) 1 of 1
Type (Add-on Acquisition) 5 of 6
Country (Finland) 22 of 23
Year (2019) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Picnic

Helsinki, Finland

Picnic’s ambition is to be Finland’s most passionate café company. Picnic companies consist of café-restaurant chain Picnic, founded in 1991 and known for its filled baguettes and baked potatoes, high-quality coffee focused La Torrefazione café chain as well as procurement and logistics company Europicnic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Dimex

Leppävirta, Finland

Dimex is a designer, manufacturer, and sells workwear. From the ladder stream, from which we are already pushing the best in the world in the second generation clothing for employees in transportation, construction, earthmoving, industrial property maintenance, logistics, landscaping, and HVAC technology. Dimex was founded in 1982 and is based in Leppävirta, Finland.

Buy -
Mergr

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