M&A Deal Summary

General Atlantic Acquires Gavilon Agriculture Investment

On June 23, 2008, growth capital firm General Atlantic acquired real estate company Gavilon Agriculture Investment, Inc. from Conagra Brands, Inc. for 2.8B USD

Acquisition Highlights
  • This is General Atlantic’s 1st transaction in the Real Estate sector.
  • This is General Atlantic’s 1st largest (disclosed) transaction.
  • This is General Atlantic’s 37th transaction in the United States.
  • This is General Atlantic’s 1st transaction in Nebraska.
Investment Fate
  • Gavilon Agriculture Investment was sold to a strategic buyer in 2012 for 2.7B USD.
  • Gavilon Agriculture Investment was divested to a strategic buyer in 2022 for 1.1B USD.

M&A Deal Summary

Date 2008-06-23
Target Gavilon Agriculture Investment, Inc.
Sector Real Estate
Buyer(s) General Atlantic
Sellers(s) Conagra Brands, Inc.
Deal Type Divestiture
Deal Value 2.8B USD

Target

Gavilon Agriculture Investment, Inc.

Omaha, Nebraska, United States
website
Gavilon originates, stores, and distributes grains, oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors, and ethanol producers worldwide. Gavilon was founded in 2008 and is headquartered in Omaha, Nebraska.

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Buyer(S) 1

Buyer

General Atlantic

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1980
PE ASSETS 28.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest €40 to €400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 67 of 222
Sector (Real Estate) 1 of 1
Type (Divestiture) 2 of 6
State (Nebraska) 1 of 1
Country (United States) 37 of 110
Year (2008) 5 of 6
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-18 Exp Global, Inc.

Brampton, Ontario, Canada

EXP provides engineering, architecture, design, and consulting services to the world’s built and natural environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-14 Qualicorp Group

Sao Paulo, Brazil

Qualicorp Group provides healthcare brokerage, as well as in benefits administration services.

Buy -

Seller(S) 1

SELLER

Conagra Brands, Inc.

Chicago, Illinois, United States

website


Category Company
Founded 1919
SectorFood
Employees16,500
Revenue 11.1B USD (2020)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and foodservice companies. Conagra Brands was formed in 1919 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 18
Sector (Real Estate) 1 of 1
Type (Divestiture) 10 of 18
State (Nebraska) 4 of 7
Country (United States) 10 of 18
Year (2008) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-13 ConAgra Foods - Knott's Berry Farm Food Brand

Omaha, Nebraska, United States

ConAgra Foods - Knott's Berry Farm Food Brand is a producer and markets high quality jams, jellies and preserves in the retail, gift boxes, and foodservice channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Saroni Sugar & Rice, Inc.

Oakland, California, United States

Saroni Sugar & Rice Inc.,is a food ingredients distributor.

Buy -