M&A Deal Summary

Ardian Acquires Frulact

On January 16, 2020, private equity firm Ardian acquired food company Frulact

Acquisition Highlights
  • This is Ardian’s 14th transaction in the Food sector.
  • This is Ardian’s 2nd transaction in Portugal.

M&A Deal Summary

Date 2020-01-16
Target Frulact
Sector Food
Buyer(s) Ardian
Deal Type Buyout (LBO, MBO, MBI)

Target

Frulact

Gemunde - Maia, Portugal
Frulact is a producer of natural fruit-based and plant-based specialty ingredients for the Food & Beverage industry. The Group has a global presence across three continents, with nine business units in five countries (Portugal, Morocco, France, South Africa, and Canada). Frulact was founded in 1987 and is based in Gemunde - Maia, Portugal.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 369 of 464
Sector: Food M&A 14 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 108 of 123
Country: Portugal M&A 2 of 2
Year: 2020 M&A 2 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Riemser Arzneimittel AG

Greifswald - Insel Riems, Germany

Riemser Arzneimittel AG is a pharmaceutical company focuses on its activities is mainly due to the distribution and life cycle management of pharmaceuticals in therapeutic niche areas with high unmet medical needs. Riemser product range especially covers prescription drugs to treat serious diseases in the therapeutic areas of oncology, infectiology, neurology, in the cardiovascular field, in dermatology, rheumatology, tuberculosis treatment, for the treatment of obesity and primary axillary hyperhidrosis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Waterlogic

High Wycombe, United Kingdom

Waterlogic is a designer, manufacturer, distributor and operator of mains attached point-of-use ("POU") drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants, and other workplaces. Waterlogic was founded in 1992 and is based in High Wycombe, United Kingdom.

Buy -