M&A Deal Summary

Kraft-Heinz Acquires Golden Circle

On December 1, 2008, Kraft-Heinz acquired consumer products company Golden Circle from Anchorage Capital Partners for 288M USD

Acquisition Highlights
  • This is Kraft-Heinz’s 1st transaction in the Consumer Products sector.
  • This is Kraft-Heinz’s largest (disclosed) transaction.
  • This is Kraft-Heinz’s 1st transaction in Australia.

M&A Deal Summary

Date 2008-12-01
Target Golden Circle
Sector Consumer Products
Buyer(s) Kraft-Heinz
Sellers(s) Anchorage Capital Partners
Deal Type Add-on Acquisition
Deal Value 288M USD

Target

Golden Circle

Northgate, Australia
website
Golden Circle Ltd. is a manufacturer of canned fruit and vegetables, chilled fresh and long life juices, cordials, jams and baby foods.

Search 192,723 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Kraft-Heinz

Pittsburgh, Pennsylvania, United States

website


Category Company
Founded 1869
Sector Food
Employees32,200
Revenue 11.6B USD (2012)
DESCRIPTION
Heinz headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
Heinz headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

Kraft-Heinz, Inc. is a US-based condiments and food processing company based in Pittsburgh, Pennsylvania. The company was formed in 1869 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 7 of 9
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 6 of 7
Country (Australia) 1 of 1
Year (2008) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-07 Bénédicta S.A.

Seclin, France

Benedicta is a French supplier of mayonnaise and cold sauces. It is the No. 2 brand in France and supplies the private label market in France and the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 Appetizers And

Chicacgo, Illinois, United Kingdom

Appetizers And, Inc. offers first hand-crafted, quality hors d'oeuvres and cold canapes. Their products include desserts, assorted kosher dinners, mini pizzas and hot dogs, etc.

Sell -

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


DEAL STATS #
Overall 1 of 15
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 7
Country (Australia) 1 of 10
Year (2008) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Golden Circle

Northgate, Australia

Golden Circle Ltd. is a manufacturer of canned fruit and vegetables, chilled fresh and long life juices, cordials, jams and baby foods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Bisalloy

Unanderra, Australia

Bisalloy is a manufacturer of high tensile, abrasion resistant and armor grade quench & tempered (Q&T) steel plates. Bisalloy manufactures and distributes from its facility in Unanderra. It sells its products through a network of distributors throughout Australia, and internationally through its distribution subsidiaries in Thailand and Indonesia. Bisalloy was founded in 1980 and is based in Unanderra, Australia.

Buy -