M&A Deal Summary

Groupe Lactalis SA Acquires Gruppo Lactalis Italia

On January 16, 2006, Groupe Lactalis SA acquired food company Gruppo Lactalis Italia from Investitori Associati S.G.R. S.p.A. and BC Partners for 1.3B EUR

Acquisition Highlights
  • This is Groupe Lactalis SA’s 1st transaction in the Food sector.
  • This is Groupe Lactalis SA’s 1st largest (disclosed) transaction.
  • This is Groupe Lactalis SA’s 1st transaction in Italy.

M&A Deal Summary

Date 2006-01-16
Target Gruppo Lactalis Italia
Sector Food
Buyer(s) Groupe Lactalis SA
Sellers(s) Investitori Associati S.G.R. S.p.A.
BC Partners
Deal Type Add-on Acquisition
Deal Value 1.3B EUR

Target

Gruppo Lactalis Italia

Milan, Italy
website
Gruppo Lactalis Italia is a producer and distributor of fresh cheese and dairy products, and one of the main Italian manufacturers of cured meat. Gruppo Lactalis Italia is based in Milan, Italy.

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Buyer(S) 1

Buyer

Groupe Lactalis SA

Laval, France

website


Category Company
SectorFood
Employees54,000
DESCRIPTION

Groupe Lactalis is globally the largest dairy player, employing more than 54,000 people and operating in 70 countries through 200 factories. Lactalis develops well-known international brands such as Président, Galbani and Parmalat


DEAL STATS #
Overall 1 of 6
Sector (Food) 1 of 6
Type (Add-on Acquisition) 1 of 4
Country (Italy) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-08 Tirumala Milk Products (P) Ltd.

Hyderabad, India

Tirumala Milk Products (P) Ltd. is a professionally managed company engaged in the manufacture of a wide range of Dairy Products which include Milk in Sachets, Sweets, Flavored Milk, Curd in Cups and Sachets, Milk Powder, Butter, Ghee and Butter Oil both in bulk as well as in consumer packs..

Buy $300M

Seller(S) 2

SELLER

Investitori Associati S.G.R. S.p.A.

Milano, Italy

Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 1.2B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

Investitori Associati is a private equity group focused on investing in medium-sized Italian companies. Investitori generally targets businesses valued above €100 million operating in the industrial, commercial and service sectors. Investitori prefers acquiring control stakes, but will selectively consider minority positions if there is a clearly defined exit strategy. Prospective transaction situations include leveraged buyouts, turnarounds, and growth capital financings. Investitori Associati is based in Milan.


DEAL STATS #
Overall 13 of 17
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (Italy) 11 of 15
Year (2006) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Guala Closures S.p.A.

Alessandria, Italy

Guala Closures is a manufacturer of spirits and wine closures through operating in 5 continents with 27 production sites and has a commercial presence in over 100 countries; about 90% of the group's turnover is generated outside of Italy. Guala Closures was founded in 1954 and is based in Alessandria, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-23 Arena Italia S.p.A

Tolentino, Italy

Arena Italia S.p.A creates and markets water wear products for competitive swimmers and swimming fans worldwide, and is universally recognized as one of the premium brands of high-quality swimwear and equipment. The company has commercial subsidiaries in Italy, France, Germany, and the USA, and also operates through a global network of distributors and licensees. The arena brand is present in over 100 countries worldwide.

Sell -
SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.


DEAL STATS #
Overall 15 of 52
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 10
Country (Italy) 1 of 3
Year (2006) 1 of 2
Size (of disclosed) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-22 Fitness First Group Ltd.

Dorset, United Kingdom

Fitness First Group Ltd. is a health club operator in the world with over one million members and over 400 clubs in 15 countries.

Buy $835M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Regency Entertainment SA

Athens, Greece

Regency Entertainment SA is a casino operator in Southeastern Europe.

Buy £800M