M&A Deal Summary

Advent International Acquires IRCA

On April 11, 2022, private equity firm Advent International acquired food company IRCA from The Carlyle Group

Acquisition Highlights
  • This is Advent International’s 11th transaction in the Food sector.
  • This is Advent International’s 11th transaction in Italy.

M&A Deal Summary
Date 2022-04-11
Target IRCA
Sector Food
Buyer(s) Advent International
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target

IRCA

Gallarate, Italy
IRCA is a manufacturer of ingredients and food products for pastry-making, baking and ice-cream retailing. IRCA was established in 1919 and is based in Gallarate, Italy.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 319 of 340
Sector (Food) 11 of 11
Type (Secondary Buyout) 51 of 53
Country (Italy) 11 of 11
Year (2022) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Mangopay

Luxembourg, Luxembourg

Mangopay provides end-to-end payments solutions to marketplaces and platforms leveraging a differentiated e-wallet environment. Mangopay was founded in 2013 and is based in Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Imperial Dade

Jersey City, New Jersey, United States

Imperial Dade is an independent distributor of consumable paper and plastic packaging and supplies sold primarily to the restaurant and retail industries in the New York Tri-State area. Imperial Dade sells foodservice products, healthcare supplies, bags and liners, chemicals, janitorial goods, and safety supplies. Imperial Dade was founded in 1932 and is based in Jersey City, New Jersey.

Buy -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 444 of 481
Sector (Food) 10 of 11
Type (Secondary Buyout) 102 of 117
Country (Italy) 9 of 11
Year (2022) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Senqcia

Tokyo, Japan

Senqcia is a company that specialized in manufacturing, developing, and providing building and construction materials and solutions. The company develops Raised Floor Systems, HIBASE Methods, HIRING Methods, and vibration dampers. It also has a highly valuable new business offering that produces earthquake-resistant products for existing infrastructure or properties. Senqcia is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 NSM

Conshohocken, Pennsylvania, United States

NSM is a full-service MGA and program administrator for specialty property & casualty insurance. The company places insurance in niche sectors such as special transportation, social services, real estate, and pet. On behalf of its insurance carrier partners, NSM typically manages all aspects of the placement process, including product development, marketing, underwriting, policy issuance, and claims. NSM was established in 1990 and is headquartered in Conshohocken, Pennsylvania.

Buy $1.8B
Mergr

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