M&A Deal Summary

Alpha Group and Cerea Partners Acquire Frial

On March 1, 2008, private equity firms Alpha Group and Cerea Partners acquired food company Frial for 225M EUR

Acquisition Highlights
  • This is Alpha Group’s 1st and Cerea Partners’ 7th transaction in the Food sector.
  • This is Alpha Group’s 18th and Cerea Partners’ largest (disclosed) transaction.
  • This is Alpha Group’s 28th and Cerea Partners’ 11th transaction in France.

M&A Deal Summary

Date 2008-03-01
Target Frial
Sector Food
Buyer(s) Alpha Group
Cerea Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 225M EUR

Target

Frial

Bayeux, France
Frial engages in premium frozen food, focused on developing unique, creative, and tasty recipes. Frial was established in 1980 and is based in Bayeux, France.

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Buyer(S) 2

Buyer

Alpha Group

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 57 of 78
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 49 of 56
Country: France M&A 28 of 36
Year: 2008 M&A 3 of 3
Size (of disclosed) 18 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-11 Maillefer

Vantaa, Finland

Maillefer engages in manufacturing solutions and production systems for copper communication cables and energy wires and cables. Maillefer also produces systems for plastic pipes. Maillefer is based in Vantaa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 CIFA

Milano, Italy

​CIFA is a concrete equipment manufacturer offering full-line concrete equipment including concrete pumps, concrete mixers, plants, and formworks. CIFA was founded in 1928 and is based in Milano, Italy.

Sell €511M
Buyer

Cerea Partners

Neuilly sur Seine, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

Cerea Partners is a specialist investment firm focused on investing in and providing finance to agriculture and related sustainable food businesses. Cerea primarily targets companies in Western Europe and looks to invest in companies valued between €20 and €500 million. Prospective transaction situations includes LBOs, LBIs, OBOs, and spin-offs. Cerea Partners was formed in 2004 and is based in Paris, France.


DEAL STATS #
Overall 13 of 72
Sector: Food M&A 7 of 27
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 31
Country: France M&A 11 of 59
Year: 2008 M&A 1 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-18 Mont Blanc Group

Boras, Sweden

Mont Blanc Group is a provider of car load-carrying equipment for recreational and sporting purposes. The company's products include RoofBars, BikeCarriers, Skicarriers, RoofBoxes, Dogguards etc. Mont Blanc Group was founded in 1947 and is based in Boras, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-21 Gault et Fremont

St Pierre des Corps, France

Gault et Fremont is a manufacturer of packaging paper and cardboard destined for bakery - pastry (printing, cutting, folding, gluing). Gault & Frémont was established in 1850 and is based in St Pierre des Corps, France.

Buy -