M&A Deal Summary

CPP Investments Acquires Glencore Agricultural Products

On April 6, 2016, pension CPP Investments acquired agriculture company Glencore Agricultural Products from Glencore for 2.5B USD

Acquisition Highlights
  • This is CPP Investments’ 1st transaction in the Agriculture sector.
  • This is CPP Investments’ 14th largest (disclosed) transaction.
  • This is CPP Investments’ 1st transaction in Switzerland.

M&A Deal Summary
Date 2016-04-06
Target Glencore Agricultural Products
Sector Agriculture
Buyer(s) CPP Investments
Sellers(s) Glencore
Deal Type Divestiture
Deal Value 2.5B USD

Target

Glencore Agricultural Products

Switzerland
Glencore Agri is a globally integrated grain and oilseed business primarily focused on grains, oilseeds products, rice, sugar, pulses and cotton with activities including origination, processing, storage, logistics and marketing. Company have controlled and non-controlled facilities for storage, handling and processing, in strategic locations. The business is supported by an extensive silo and export elevator network. Company suppliers are farmers, farming co-operatives, processing plants, local exporters and global merchants. Company customers include the processing industry (food, animal feed and consumer products), local importers and government purchasing entities.

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Buyer(S) 1

Buyer

CPP Investments

Investor Investor Investor Investor Investor

website

Category Pension
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.

DEAL STATS #
Overall 13 of 48
Sector (Agriculture) 1 of 1
Type (Divestiture) 3 of 8
Country (Switzerland) 1 of 2
Year (2016) 1 of 4
Size (of disclosed) 14 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Petco Health and Wellness Company

San Diego, California, United States

Petco Health and Wellness Company is a health and wellness company focused on improving the lives of pets, pet parents, and their own Petco partners. The company is focused on delivering comprehensive wellness solutions through its products and services, and creating communities that deepen the pet-pet parent bond. It operates more than 1,500 Petco locations across the U.S., Mexico, and Puerto Rico, including a growing network of more than 100 in-store veterinary hospitals, and offer a complete online resource for pet health and wellness. Petco Health and Wellness Company was founded in 1965 and is based in San Diego, California.

Buy $4.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 HBX Group

Palma de Mallorca, Spain

HBX Group is an independent global business to business (‘B2B’) bedbank. HBX Group provide the travel industry with access to hotel rooms from an inventory of approximately 170,000 hotels in more than 180 countries. HBX Group also provides transfers, excursions and tours, meetings and events and cruise handling services. HBX Group client base includes online travel agencies, traditional travel agencies, travel re-sellers, tour operators, and airlines. HBX Group was founded in 2001 and is based in Palma de Mallorca, Spain.

Buy €1.2B

Seller(S) 1

SELLER

Glencore

Baar, Switzerland

website

Category Company
Founded 1974
Sector Metals/Mining
Employees135,000
Revenue 203.8B USD (2021)
DESCRIPTION

Glencore is a supplier of physical commodities including energy (oil and coal), base metals, soft commodities and agriculture to industrial consumers. These commodities originate from Glencore's directly or indirectly owned production assets, or are secured by Glencore from third parties. Glencore also provides financing, logistics and other supply chain services to producers and consumers of commodities. Glencore is headquartered in Baar, Switzerland, and has marketing and industrial operations in over 40 countries. Glencore was founded in 1974 and is based in Baar, Switzerland.

DEAL STATS #
Overall 4 of 7
Sector (Agriculture) 1 of 1
Type (Divestiture) 4 of 7
Country (Switzerland) 1 of 1
Year (2016) 2 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Inatech Solutions

London, United Kingdom

Inatech Solutions Ltd. is an independent oracle service provider. It offers consulting, ongoing application management and cloud hosting.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Glencore Rail Pty

Sydney, Australia

GRail’s coal haulage business was established in 2010 as an alternative rail service provider to the incumbent railroads in the Hunter Valley and has grown to be the third largest coal haulage business in Australia. GRail since inception and presently provides haulage and logistics services for approximately 40 million tonnes per year of steam coal that is among the lowest cost and highest quality coal in the world.

Sell AU$1.1B
Mergr

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