M&A Deal Summary

R&R Ice Cream Acquires Peters Ice Cream

On May 27, 2014, R&R Ice Cream acquired food company Peters Ice Cream from Pacific Equity Partners for 450M AUD

Acquisition Highlights
  • This is R&R Ice Cream’s 1st transaction in the Food sector.
  • This is R&R Ice Cream’s 0th largest (disclosed) transaction.
  • This is R&R Ice Cream’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-05-27
Target Peters Ice Cream
Sector Food
Buyer(s) R&R Ice Cream
Sellers(s) Pacific Equity Partners
Deal Type Add-on Acquisition
Deal Value 450M AUD

Target

Peters Ice Cream

Victoria, Australia
website
Peters is an iconic Australian brand. The business has been manufacturing ice cream products in Australia since 1907. Peters holds market leadership positions in both the grocery and route channels, and its products cater to all segments of the market with household brands including Drumstick, Peters Original, Connoisseur and Maxibon.

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Buyer(S) 1

Buyer

R&R Ice Cream

Northallerton, United Kingdom

website

Category Company
Founded 1932
Sector Food
Employees2,787
DESCRIPTION

R&R Ice Cream Plc is a producer and supplier of own-label ice cream with a strong branded portfolio including Nestlé, Skinny Cow, YooMoo frozen yogurt, Kelly's of Cornwall and Disney.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-12 Nestlé South Africa s Ice Cream

Bryanston, United Kingdom

Nestlé South Africa's Ice Cream manufactures Ice Cream.

Buy -

Seller(S) 1

SELLER

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 4.9B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.

DEAL STATS #
Overall 10 of 18
Sector (Food) 2 of 6
Type (Add-on Acquisition) 5 of 11
Country (Australia) 7 of 11
Year (2014) 2 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Spotless

Melbourne, Australia

Spotless is a provider of outsourced facilities management and services, providing expert delivery of over 120 different support programs. Spotless has a significant presence in Australia and New Zealand, with subsidiary operations in 30 different countries. Spotless is based in Melbourne, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Griffin s Foods

Auckland, New Zealand

Griffins is New Zealand's biscuit and snack food company.

Sell NZ$700M
Mergr

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