M&A Deal Summary

Permira Acquires Hana Group

On January 31, 2019, private equity firm Permira acquired food company Hana Group from TA Associates

Acquisition Highlights
  • This is Permira’s 5th transaction in the Food sector.
  • This is Permira’s 6th transaction in France.

M&A Deal Summary

Date 2019-01-31
Target Hana Group
Sector Food
Buyer(s) Permira
Sellers(s) TA Associates
Deal Type Secondary Buyout
Advisor(s) Rothschild Global Advisory
KPMG Corporate Finance (Financial)
Latham & Watkins (Legal)

Target

Hana Group

Levallois-Perret, France
Hana Group is a global operator of in-store food kiosks in all retail formats and high traffic areas, offering ultra-fresh food on-the-go prepared by chefs in front of consumers, providing in-store entertainment and continuous product and concept innovation. Initially focused on sushi kiosks, Hana Group has developed other concepts, including pan-Asian food, as well as Italian and Mediterranean cuisines and operates under a portfolio of 14 brands. Hana Group was founded in 2012 and is based in Levallois-Perret, France.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 127 of 171
Sector: Food M&A 5 of 5
Type: Secondary Buyout M&A Deals 31 of 45
Country: France M&A 6 of 9
Year: 2019 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 Teraco

Johannesburg, South Africa

Teraco is a provider of carrier and cloud-neutral colocation data centers and with over 18 000 cross-connects. As the first provider of highly resilient, vendor-neutral data environments in sub-Saharan Africa, Teraco brings global content closer to the digital edge. Teraco was founded in 2008 and is based in Johannesburg, South Africa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Reformation

Los Angeles, California, United States

Reformation is a digitally-led women’s contemporary apparel brand. The company puts sustainability at the core of everything it does, from materials innovation to its sustainable partner factories around the world. Reformation was founded in 2009 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 219 of 261
Sector: Food M&A 2 of 2
Type: Secondary Buyout M&A Deals 37 of 51
Country: France M&A 3 of 6
Year: 2019 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 Fractal Analytics

Mumbai, India

Fractal Analytics is a provider of advanced analytics services and helps companies across the globe enhance profitability with the help of scientific decision-making. Fractal has deployed analytics to drive significant value for many Fortune 1000 companies in the areas of customer acquisition, retention, value enhancement, risk management, and marketing optimization. Fractal Analytics was founded in 2000 and is based in Mumbai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-27 PurposeBuilt Brands

Gurnee, Illinois, United States

PurposeBuilt Brands is a platform of CPG brands focused on specialty cleaning products. PurposeBuilt Brands was founded in 1941 and is based in Gurnee, Illinois.

Buy -