M&A Deal Summary

Cargill Acquires Provimi BV

On November 22, 2011, Cargill acquired consumer products company Provimi BV from Permira for 1.5B EUR

Acquisition Highlights
  • This is Cargill’s 2nd transaction in the Consumer Products sector.
  • This is Cargill’s 2nd largest (disclosed) transaction.
  • This is Cargill’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2011-11-22
Target Provimi BV
Sector Consumer Products
Buyer(s) Cargill
Sellers(s) Permira
Deal Type Add-on Acquisition
Deal Value 1.5B EUR
Advisor(s) J.P. Morgan Securities (Financial)
Freshfields Bruckhaus Deringer (Legal)

Target

Provimi BV

Postbus, Netherlands
Provimi is a leading international developer, manufacturer and distributor of animal nutrition products. The company's principal activities include the manufacture, distribution and sale of pre-mixes, concentrates, complete feed, specialty products such as nutritional supplements, piglet feeds and milk replacers, fish feeds and pet food.

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Buyer(S) 1

Buyer

Cargill

Wayzata, Minnesota, United States

Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 12 of 41
Sector (Consumer Products) 2 of 4
Type (Add-on Acquisition) 7 of 25
Country (Netherlands) 2 of 3
Year (2011) 2 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 Wells Fargo Global Fund Services

New York, New York, United States

Wells Fargo Global Fund Services LLC is a provider of comprehensive administration, middle-office, operations and cash/collateral management services to alternative investment managers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-26 Cargill - Cultures and Enzymes Business

United States

The cultures and enzymes business of Cargill is a global manufacturer of cultures and enzymes for the dairy and meat industries with manufacturing operations in Wisconsin (USA) and France.

Sell €85M

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 41 of 90
Sector (Consumer Products) 2 of 4
Type (Add-on Acquisition) 12 of 30
Country (Netherlands) 1 of 1
Year (2011) 4 of 4
Size (of disclosed) 16 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-24 Renaissance

Wisconsin Rapids, Wisconsin, United States

Renaissance is a provider of technology-based school improvement and student assessment programs for pre-kindergarten through to senior high (pre-K-12, aged 5-18) schools and districts. The company's products and services, currently adopted by more than 70,000 schools, are primarily focused on two curriculum areas: reading and mathematics. Renaissance was formed in 1986 and is based in Wisconsin Rapids, Wisconsin.

Buy $440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 Netafim

Tel Aviv, Israel

Netafim Ltd. is a provider of smart drip and micro irrigation solutions for sustainable agriculture and other applications for over 100 countries and holds c.30% share of the global market.

Buy -