M&A Deal Summary

SÍF hf. Acquires Labeyrie Fine Foods

On October 25, 2004, SÍF hf. acquired food company Labeyrie Fine Foods from IK Partners for 332M EUR

Acquisition Highlights
  • This is SÍF hf.’s 1st transaction in the Food sector.
  • This is SÍF hf.’s largest (disclosed) transaction.
  • This is SÍF hf.’s 1st transaction in France.
Investment Fate
  • Labeyrie Fine Foods was divested to a consortium of buyers in 2012 for 708M EUR.
  • Labeyrie Fine Foods was sold to a consortium of financial buyers in 2014.

M&A Deal Summary

Date 2004-10-25
Target Labeyrie Fine Foods
Sector Food
Buyer(s) SÍF hf.
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 332M EUR

Target

Labeyrie Fine Foods

Paris, France
website
Labeyrie Fine Foods is a producing upmarket branded food products sold on the French, Dutch, Belgian and Spanish markets. Its product range encompasses three main categories: seafood products (mainly smoked salmon), speciality regional products (mainly foie gras) and blinis & spreadables (taramasalata, guacamole etc.). Labeyrie Fine Foods was formed in 1946 and is based in Paris, France.

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Buyer(S) 1

Buyer

SÍF hf.

Sweden

Category Company
Sector Food
DESCRIPTION

SÍF hf. is a European food producer focused on producing chilled seafood and festive food. SIF hf. operates fourteen production facilities in four countries; France, Spain, Britain, and Iceland where its headquarters are located. The company's products include bacalao, shellfish, smoked salmon, foie gras, blini and taramasalata. The company's products are sold both under retailers' own labels and its own brands which include Islandia, Skandia, Labeyrie, Blini, Delpierre, Lyons and York. SÍF's brands hold a leading position in France, Spain, and the United Kingdom which together form the company's core market. SÍF hf. now operates in 11 countries and has a combined workforce of around 3,900 employees. The company's products are sold in over 60 countries.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Labeyrie Fine Foods

Paris, France

Labeyrie Fine Foods is a producing upmarket branded food products sold on the French, Dutch, Belgian and Spanish markets. Its product range encompasses three main categories: seafood products (mainly smoked salmon), speciality regional products (mainly foie gras) and blinis & spreadables (taramasalata, guacamole etc.). Labeyrie Fine Foods was formed in 1946 and is based in Paris, France.

Sell €708M

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 26 of 110
Sector (Food) 3 of 9
Type (Add-on Acquisition) 11 of 41
Country (France) 2 of 21
Year (2004) 5 of 5
Size (of disclosed) 10 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Europris AS

Fredrikstad, Norway

Europris AS is the hard discount retail and wholesale company in Norway, with emphasis on both food and non-food products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-18 Idex

Boulogne-Billancourt, France

Idex's core activity is the technical maintenance and management of energy. The group offers global solutions to its clients including the management of collective heating and cooling networks (public and private) as well as the technical maintenance of buildings an third party management of utilities. Idex's clients include authorities, residential complexes and industrial corporations. Idex was founded in 1963 and is based in Boulogne-Billancourt, France.

Buy €200M