Divestiture • Food

Cinven and CVC Capital Partners Acquire Associated Fresh Foods

On September 1, 1987, private equity firms Cinven and CVC Capital Partners acquired food company Associated Fresh Foods

Acquisition Context
  • This is Cinven’s 1st and CVC Capital Partners’ 1st transaction in the Food sector.
  • This is Cinven’s 13th and CVC Capital Partners’ 7th transaction in the United Kingdom.
Investment Fate
  • Associated Fresh Foods was sold to a strategic buyer in 1990.

Explore All 582 Divestiture Food Deals - Search the Database Free


M&A Deal Summary

Date September 1, 1987
Target Associated Fresh Foods
Sector Food
Buyer(s) Cinven
CVC Capital Partners
Deal Type Divestiture

Target Company

Associated Fresh Foods

United Kingdom
AFF was a liquid milk and milk products business with a strong market position in the north east of England. ASDA wished to concentrate on its main national retailing operations.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


Deal Context for Buyer #
Overall 14 of 186
Sector: Food 1 of 6
Type: Divestiture 1 of 35
Country: United Kingdom 13 of 88
Year: 1987 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1987-07-01 Compass Group

Chertsey, United Kingdom

Compass Group is a provider of contract foodservice and support services to its clients. It offers various foodservice solutions ranging from free-flow restaurants to formal dining, grab and go deli and café outlets to hospitality services, and vending; and a range of support services, such as cleaning, building operations and maintenance, business and office, logistics and transport, outdoor, project management, and security. Compass Group was incorporated in 1941 and is headquartered in Chertsey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Beauty International Fragrances

United Kingdom

Beauty International Fragrances was established as a new company in July 1984 to acquire four separate businesses, each involved in the distribution of fragrances and cosmetics. Cinven supported a management team who had identified the availability of these different businesses and saw the opportunity to create a business in a larger scale.

Sell -
Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
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 €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


Deal Context for Buyer #
Overall 7 of 329
Sector: Food 1 of 17
Type: Divestiture 1 of 40
Country: United Kingdom 7 of 61
Year: 1987 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1987-07-01 Compass Group

Chertsey, United Kingdom

Compass Group is a provider of contract foodservice and support services to its clients. It offers various foodservice solutions ranging from free-flow restaurants to formal dining, grab and go deli and café outlets to hospitality services, and vending; and a range of support services, such as cleaning, building operations and maintenance, business and office, logistics and transport, outdoor, project management, and security. Compass Group was incorporated in 1941 and is headquartered in Chertsey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Beauty International Fragrances

United Kingdom

Beauty International Fragrances was established as a new company in July 1984 to acquire four separate businesses, each involved in the distribution of fragrances and cosmetics. Cinven supported a management team who had identified the availability of these different businesses and saw the opportunity to create a business in a larger scale.

Sell -

Explore Related M&A Activity