Add-on Acquisition • Food

Bright Food Acquires Tnuva

On May 22, 2014, Bright Food acquired food company Tnuva from Apax

Acquisition Context
  • This is Bright Food’s 1st transaction in the Food sector.
  • This is Bright Food’s 1st transaction in Israel.

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M&A Deal Summary

Date May 22, 2014
Target Tnuva
Sector Food
Buyer(s) Bright Food
Sellers(s) Apax
Deal Type Add-on Acquisition

Target Company

Tnuva

Ramat HaSharon, Israel
Tnuva is a food manufacturer and distributor that owns seven out of the ten most known food brands in Israel and accounts for over 14% of shelf space in supermarkets.
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Buyer Overview 1

Buyer

Bright Food

Shanghai, China

Category Company
Sector Food
DESCRIPTION

Bright Food develops seed breeding, eco-agriculture, and standard agriculture products, which include milk cow, rice vegetable, pig and aquatic products, and other products. Bright Food is based in Shanghai, China.


Deal Context for Buyer #
Overall 1 of 2
Sector: Food 1 of 2
Type: Add-on Acquisition 1 of 1
Country: Israel 1 of 1
Year: 2014 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Weetabix

Kettering, United Kingdom

Weetabix is a manufacturer of cereal and cereal-related products under its own brands and private label, exporting to more than 80 countries and operations in North America, South Africa, Germany and Spain. Weetabix was founded in 1932 and is based in Kettering, United Kingdom.

Buy -

Seller Profile 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


Deal Context for Seller #
Overall 93 of 174
Sector: Food 2 of 2
Type: Add-on Acquisition 38 of 60
Country: Israel 6 of 11
Year: 2014 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Dealer.com

Burlington, Vermont, United States

Dealer.com helps auto dealers and manufacturers market to potential customers by building websites and integrated solutions that together drive the industry's most comprehensive and effective online marketing platforms. These platforms significantly lower the cost of customer acquisition, enhancing dealers' efficiency and profitability. Today, Dealer.com is the auto retailing industry's technology and market share leader, working with 80% of the top 125 dealer groups recognised by Automotive News.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Travelex

London, United Kingdom

Travelex is a specialist provider of foreign exchange and international business payments. The Group processes £20 billion of foreign exchange transactions every year. The Group’s consumer focused operations provide cash and pre-paid cards to over 30 million retail customers each year through a network of close to 1,000 stores and over 500 ATMs spread across 24 countries. Travelex was founded in 1976 and is based in London, United Kingdom

Sell -

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