M&A Deal Summary

Bain Capital Credit and Capdesia Acquire GAIL s

On September 14, 2021, lender Bain Capital Credit and growth capital firm Capdesia acquired food company GAIL s from Risk Capital Partners

Acquisition Highlights
  • This is Bain Capital Credit’s 3rd and Capdesia’s 2nd transaction in the Food sector.
  • This is Bain Capital Credit’s 2nd and Capdesia’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-09-14
Target GAIL s
Sector Food
Buyer(s) Bain Capital Credit
Capdesia
Sellers(s) Risk Capital Partners
Deal Type Secondary Buyout

Target

GAIL s

London, United Kingdom
GAIL's provides bake fresh, handmade bread, pastries, and cakes every day, served with our carefully-sourced house blend specialty coffee. GAIL's was founded in 2005 and is based in London, United Kingdom.

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Buyer(S) 2

Buyer

Bain Capital Credit

Investor Investor Investor Investor Investor


Category Lender
Founded 1998
PE ASSETS 43.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Credit is a provider of credit, lending, and other related investment strategies. The Firm's private credit group looks to fund profitable middle-market businesses with $10 to $150 million of EBITDA. Bain Capital Credit is sector agnostic and will consider opportunities throughout North America, Europe, and Australia/New Zealand. Bain Capital Credit was founded in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 5 of 11
Sector: Food M&A 3 of 3
Type: Secondary Buyout M&A Deals 2 of 3
Country: United Kingdom M&A 2 of 2
Year: 2021 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Bread Factory

London, United Kingdom

Bread Factory is a wholesale artisan bakery, that supplies a broad range of handmade breads, viennoisserie, and cakes to leading restaurants, hotels, and premium food shops. Bread Factory was founded in 1996 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Alsea Europe

Mexico City, Mexico

Alsea Europe operates 10 brands with 1,388 restaurants in 6 markets: Starbucks (France, Netherlands, Belgium, Luxembourg, Spain and Portugal), Domino's Pizza, Foster's Hollywood, Foster's Hollywood Street, VIPS, VIPS Smart, Fridays, Burger King, OleMole (Spain) and Ginos (Spain and Portugal). Alsea Europe is based in Mexico City.

Buy -
DESCRIPTION

Capdesia is a specialist growth capital investment firm focused on the restaurant industry. The Firm looks for proven chains with at least 10 locations and up to €250 million in revenue. Capdesia looks to add value through business optimization, store development, technology, and operations. Capdesia is based in London.


DEAL STATS #
Overall 3 of 3
Sector: Food M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Marugame Udon

London, United Kingdom

Marugame Udon is an authentic Japanese restaurant concept serving freshly-made noodles, tempura and omusubi rice balls in a fast casual setting. Marugame Udon is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Risk Capital Partners

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 75M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Risk Capital Partners is a private investment group focused on working with entrepreneurs and helping them achieve growth through acquisitions, roll-out programs, and bold organic growth strategies. Risk looks to invest £2 to £15 million of equity in established, profitable companies based in the UK and will consider opportunities across a broad range of industry sectors including consumer, retail, leisure, healthcare, financial services, transport, and support services. Risk Capital Partners was formed in 2001 and is based in London.


DEAL STATS #
Overall 13 of 15
Sector: Food M&A 3 of 3
Type: Secondary Buyout M&A Deals 6 of 6
Country: United Kingdom M&A 13 of 15
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Bread Factory

London, United Kingdom

Bread Factory is a wholesale artisan bakery, that supplies a broad range of handmade breads, viennoisserie, and cakes to leading restaurants, hotels, and premium food shops. Bread Factory was founded in 1996 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 Primrose

Reading, United Kingdom

Primrose is an online garden products retailer. Primrose offers consumers a market-leading range of over 10,000 garden and outdoor leisure products from ranges including water features, awnings, sail shades, pest control products, planters, and screening. Primrose was founded in 2003 and is based in Reading, United Kingdom.

Sell -