Investment Summary

Brait Exits Premier

On March 24, 2023, invested in food company Premier from Brait

Investment Highlights
  • This is transaction in the Food sector.
  • This is transaction in South Africa.

Investment Summary

Date 2023-03-24
Target Premier
Sector Food
Sellers(s) Brait
Deal Type IPO

Target

Premier

Waterfall, South Africa
Premier is a fast-moving consumer goods (FMCG) manufacturer offering branded and private label solutions. Its strong heritage brands include Snowflake (wheat flour), Iwisa No 1, SuperSun and Nyala (maize meal), Blue Ribbon (bread), Lil-lets (feminine hygiene), Manhattan and Super C (sugar confectionery), and the Companhia Industrial da Matola S.A. food portfolio (Top Score, Polana, Florbela and Favorita) in Mozambique. Premier was formed in 1820 and is based in Waterfall, South Africa.

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Seller(S) 1

SELLER
DESCRIPTION

Brait is an investment holding company focused on realising growth and value creation from its existing portfolio of sizeable, unlisted businesses operating in the broad consumer sector. Brait’s share are primarily listed on the Luxembourg Stock Exchange, with a secondary listing on the JSE. Brait Private Equity was founded in 1991and is located in San Gwann, Malta.


DEAL STATS #
Overall 17 of 17
Sector: Food M&A 1 of 1
Type: IPO M&A Deals 2 of 2
Country: South Africa M&A 17 of 17
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-26 Consol Glass

Johannesburg, South Africa

Consol Glass is a manufacturer of glass packaging products on the African continent and operates 7 manufacturing sites (4 in SA, 1 in Kenya, 1 in Nigeria, and 1 in Ethiopia) strategically located in close proximity to customers. Consol Glass was founded in 1946 and is based in Johannesburg, South Africa.

Sell R10.1B