M&A Deal Summary

Diageo Acquires Mey Icki Sanayi ve Ticaret A.S.

On August 24, 2011, Diageo plc acquired beverages company Mey Icki Sanayi ve Ticaret A.S. from Actera Group and TPG Global for 2.1B USD

Acquisition Highlights
  • This is Diageo’s 6th transaction in the Beverages sector.
  • This is Diageo’s 1st largest (disclosed) transaction.
  • This is Diageo’s 1st transaction in Turkey.

M&A Deal Summary

Date 2011-08-24
Target Mey Icki Sanayi ve Ticaret A.S.
Sector Beverages
Buyer(s) Diageo plc
Sellers(s) Actera Group
TPG Global
Deal Type Add-on Acquisition
Deal Value 2.1B USD

Target

Mey Icki Sanayi ve Ticaret A.S.

Istanbul, Turkey
website
Mey Alcoholic Beverages is the domestic market leader in Turkey in the vodka, gin and liqueur categories. Mey Alcoholic Beverages also exports to many countries in the world. Its unique liqueurs, produced using natural fruit, are seen among the best liqueurs not only of Turkey but of the world.

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Buyer(S) 1

Buyer

Diageo plc

London, United Kingdom

website


Category Company
Founded 1886
SectorBeverages
Employees27,788
Revenue 11.8B GBP (2020)
DESCRIPTION

Diageo is a global producer of beverages. The Company offers a collection of beverage alcohol brands across spirits, beer and wine. Diageo was founded in 1886 and is based in London, the United Kingdom.


DEAL STATS #
Overall 6 of 17
Sector (Beverages) 6 of 16
Type (Add-on Acquisition) 3 of 13
Country (Turkey) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-26 Serengeti Breweries Ltd.

Dar es Salaam, Tanzania

Serengeti Breweries Ltd. is a major brewer and distributor of beverages in Tanzania and produces a portfolio of beer and non-alcoholic products, including its flagship Premium Serengeti Lager.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Abo Brewery Share Company SC

Sebeta, Ethiopia

Abo Brewery Share Company SC manufactures and markets beer in Ethiopia.

Buy $225M

Seller(S) 2

SELLER

Actera Group

Istanbul, Turkey

Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 3.3B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Actera Group is an independent private equity firm focused on investment opportunities throughout Turkey. Actera looks to fund emerging or established businesses in a wide range of industries. Prospective transaction situations can include management buyouts, divestitures, consolidations or growth capital financing. The Firm's primary focus is providing capital to Turkish companies, however Actera will also consider partnering with Turkish businesses on opportunities outside the Country. Actera generally looks to invest in businesses valued greater than $75 million. Actera Capital was established in 2006 and is based in Istanbul.


DEAL STATS #
Overall 2 of 3
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Turkey) 2 of 3
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-10 Standard Profil A. S.

Istanbul, Turkey

Standard Profil A. S. is the largest automotive sealing systems manufacturer in Europe and is the supplier of the highest volume cars across many OEMs. Standard Profil A. S. was founded in 1977 and is based in Istanbul, Turkey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-17 Standard Profil A. S.

Istanbul, Turkey

Standard Profil A. S. is the largest automotive sealing systems manufacturer in Europe and is the supplier of the highest volume cars across many OEMs. Standard Profil A. S. was founded in 1977 and is based in Istanbul, Turkey.

Buy -
SELLER

TPG Global

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Asset Manager
Founded 1992
PE ASSETS 96.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 76 of 233
Sector (Beverages) 2 of 2
Type (Add-on Acquisition) 33 of 82
Country (Turkey) 1 of 1
Year (2011) 5 of 7
Size (of disclosed) 24 of 66
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-09 Lenta Ltd.

St. Petersburg, Russia

Lenta is one of the leading hypermarket chains in Russia operating more than 30 trade stores throughout the country. Lenta prides itself in providing customers with high quality goods, a large selection and the lowest prices on the market by eliminating the middleman where possible. Lenta was founded in 1993 and is based in Saint Petersburg, Russia.

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-12 DNAnexus, Inc.

Mountain View, California, United States

DNAnexus is a DNA data management and analysis platform that provides instant online genomics data centers for sequencing operations and research organizations of virtually any size without any required hardware investment on the part of the customer. DNAnexus was founded in 2009 and is based in Mountain View, California.

Buy -