M&A Deal Summary

Seven2 Acquires Europe Snacks

On November 22, 2013, private equity firm Seven2 acquired food company Europe Snacks from IK Partners and Trail Capital

Acquisition Highlights
  • This is Seven2’s 1st transaction in the Food sector.
  • This is Seven2’s 3rd transaction in France.
Investment Fate
  • Europe Snacks was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2013-11-22
Target Europe Snacks
Sector Food
Buyer(s) Seven2
Sellers(s) IK Partners
Trail Capital
Deal Type Secondary Buyout

Target

Europe Snacks

Saint-Denis-la-Chevass, France
Europe Snacks provides private-label salted snacks but also operates in the entry price and hard discount sectors. Europe Snacks develops, produces, and markets many product references of savory snacks, across 6 product ranges: extruded products, crisps, stacked crisps, crackers, popcorn, and corn-based snacks. Europe Snacks was founded in 1991 and is based in Saint-Denis-la-Chevass, France.

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Buyer(S) 1

Buyer

Seven2

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Seven2 is a private equity firm focused on investments in listed and unlisted small and midcap companies located in Continental Europe. The Firm targets growing businesses in the tech and telecom, consumer, and healthcare services sectors valued between €10 million and €1 billion. Seven2 generally has a five year investment horizon and considers minority and majority positions. Seven2 was established in 1972 and is headquartered in Paris, France.


DEAL STATS #
Overall 4 of 37
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 17
Country: France M&A 3 of 27
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Persistent Systems

Pune, India

Persistent Systems is a global company specializing in software product and technology innovation. It uses product engineering processes to develop solutions for customers in technology, telecommunication, life science, healthcare, banking, and consumer products sectors across North America, Europe, and Asia. Persistent Systems was founded in 1990 and is based in Pune, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-05 Career Education - European Operations

Paris, France

The European Operations of Career Education include Paris-based INSEEC Group and the International University of Monaco. Career Education's European Operations is based in Paris, France.

Buy $305M

Seller(S) 2

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


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

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. 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 €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 61 of 122
Sector: Food M&A 5 of 11
Type: Secondary Buyout M&A Deals 18 of 51
Country: France M&A 9 of 27
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-02 VPS

Barendrecht, Netherlands

VPS is a marine fuel testing and advisory services company, which assists the global shipping fleet verify fuel and oil quality to meet environmental regulations. VPS provides its services globally through five strategically located laboratories, with samples shipped and tested from anywhere in the world. VPS services the global fleet, providing accurate testing and advice to ensure compliant, safe, and efficient voyages. VPS was formed in 1980 and is based in Barendrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 Ramudden

Gavle, Sweden

Ramudden is a specialist provider of work zone safety solutions for the road, construction, and industrial sectors. The service offering includes rental of road barriers, signage, traffic and road signs, concrete systems, industrial heating solutions, traffic arrangement plans, surveillance, and maintenance service as well as safety education programs. Ramudden was founded in 2005 and is based in Gavle, Sweden.

Buy -
SELLER

Trail Capital

Paris, France

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 750M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Trail Capital is a private equity firm focused on small to medium-sized French companies. Trail looks to make control equity investments and seeks to commit €20 to €50 million per transaction. The Firm is a 'hands on' investor and looks to work alongside management in building companies. Trail Capital was formed in 2007 and has offices in Paris, Beijing, and Luxembourg.


DEAL STATS #
Overall 6 of 18
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 11
Country: France M&A 6 of 18
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-28 Alti SA

Levallois-Perret, France

Alti SA is a provider of SAP solutions.

Sell €75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-10 Serf

Décines-Charpieu, France

Serf is a designer, developer, manufacturer and markets orthopaedic reconstructive devices and dental implants. Serf focuses on restoring mobility, alleviating pain and improving the quality of life for patients. Serf was established in 1973 and is based in Décines-Charpieu, France.

Buy -