M&A Deal Summary

Post Holdings Acquires Weetabix

On April 18, 2017, Post Holdings acquired food company Weetabix from Baring Private Equity Asia and Bright Food for 1.4B GBP

Acquisition Highlights
  • This is Post Holdings’ 7th transaction in the Food sector.
  • This is Post Holdings’ 2nd largest (disclosed) transaction.
  • This is Post Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-04-18
Target Weetabix
Sector Food
Buyer(s) Post Holdings
Sellers(s) Baring Private Equity Asia
Bright Food
Deal Type Add-on Acquisition
Deal Value 1.4B GBP

Target

Weetabix

Kettering, United Kingdom
website
Weetabix is a manufacturer of cereal and cereal-related products under its own brands and private label, exporting to more than 80 countries and operations in North America, South Africa, Germany and Spain. Weetabix was founded in 1932 and is based in Kettering, United Kingdom.

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Buyer(S) 1

Buyer

Post Holdings

St. Louis, Missouri, United States

website


Category Company
Founded 1895
Sector Food
Employees10,735
Revenue 6.2B USD (2021)
DESCRIPTION
Post Holdings' corporate headquarters in St. Louis, Missouri.
Post Holdings' corporate headquarters in St. Louis, Missouri.

Post Holdings is a consumer packaged goods holding company, operating in the center-of-the-store, foodservice, ingredient, refrigerated, active nutrition and private label food categories. Post Holdings was founded in 1895 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 11 of 15
Sector (Food) 7 of 11
Type (Add-on Acquisition) 8 of 10
Country (United Kingdom) 1 of 1
Year (2017) 1 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Willamette Egg Farms

Canby, Oregon, United States

Willamette Egg Farms LLC is a producer, processor and wholesale distributor of eggs and egg products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Bob Evans Farms

New Albany, Ohio, United States

Bob Evans Farms, Inc. is a producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen convenience food items under the Bob Evans and Owens brand names.

Buy $1.5B

Seller(S) 2

SELLER

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 13 of 20
Sector (Food) 1 of 1
Type (Add-on Acquisition) 7 of 8
Country (United Kingdom) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Clarivate

London, United Kingdom

Clarivate is a provider of solutions to accelerate the lifecycle of innovation. Clarivate bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. We help customers discover, protect, and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. Clarivate is based in London, United Kingdom.

Buy $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Nord Anglia Education

Hong Kong, China

Nord Anglia Education, Inc. is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Providing high-quality education to both expatriates and local students in the markets where it operates, Nord Anglia attracts top teaching talent globally and has established collaborations with leading post-secondary institutions, including The Juilliard School, the Massachusetts Institute of Technology and King's College London.

Buy $4.3B
SELLER

Bright Food

Shanghai, China

website


Category Company
Sector Food
DESCRIPTION

Bright Food (Group) Co., Ltd. develops seed breeding, eco-agriculture, and standard agriculture products, which include milk cow, rice vegetable, pig and aquatic products, and other products.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Weetabix

Kettering, United Kingdom

Weetabix is a manufacturer of cereal and cereal-related products under its own brands and private label, exporting to more than 80 countries and operations in North America, South Africa, Germany and Spain. Weetabix was founded in 1932 and is based in Kettering, United Kingdom.

Buy -