M&A Deal Summary

CD&R Acquires Kalle Group

On April 29, 2016, private equity firm CD&R acquired food company Kalle Group from Electra and Silverfleet Capital

Acquisition Highlights
  • This is CD&R’s 2nd transaction in the Food sector.
  • This is CD&R’s 2nd transaction in Germany.

M&A Deal Summary
Date 2016-04-29
Target Kalle Group
Sector Food
Buyer(s) CD&R
Sellers(s) Electra
Silverfleet Capital
Deal Type Secondary Buyout

Target

Kalle Group

Wiesbaden, Germany
Kalle Group is a supplier of industrially produced casings for meat, poultry, and other protein products. In addition to its innovative range of value-added casings, it creates a steady stream of new and customized solutions that enable new types of products. Kalle uses its technological and innovative edge to accelerate the pace of development - both in existing markets and in many emerging markets in Latin America, Eastern Europe, and Asia. Kalle Group was founded in 1863 and is based in Wiesbaden, Germany.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 43 of 93
Sector (Food) 2 of 3
Type (Secondary Buyout) 14 of 26
Country (Germany) 2 of 2
Year (2016) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 Atkore International

Harvey, Illinois, United States

Atkore International, Inc. is a manufacture of galvanized steel tubing, sprinkler pipe, steel and flexible non-metallic conduit, pre-wired armored and metal clad electrical cables, cable tray, strut and metal framing systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 CHC Group

Richmond, British Columbia, Canada

CHC Group Ltd. provides commercial helicopter services to the offshore oil and gas industry worldwide. The company operates in two segments, Helicopter Services and Heli-One.

Sell -

Seller(S) 2

SELLER

Electra

London, United Kingdom

Investor

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 21 of 32
Sector (Food) 1 of 1
Type (Secondary Buyout) 13 of 16
Country (Germany) 1 of 1
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Daler-Rowney

Bracknell, United Kingdom

Daler-Rowney Ltd. is one of the largest suppliers of fine art materials in the world with a comprehensive product range including artists’ paints, brushes, papers and canvases which meet the needs of artists from beginners to professionals.

Sell €81M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Elian Group

Jersey, Channel Islands

Elian Group provides trust, fund and company administration services to multi-national corporations, financial institutions, high net worth individuals, family offices and fund managers. Elian Group was founded in 1999 and is based in Jersey, Channel Islands.

Sell £435M
SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.

DEAL STATS #
Overall 26 of 42
Sector (Food) 1 of 1
Type (Secondary Buyout) 16 of 24
Country (Germany) 5 of 9
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Azzurri Communications

Aldridge, United Kingdom

Azzurri Communications Ltd. is an IT Services business providing voice and data communications solutions to SME's and LE's across the UK. Azzurri’s flexible services and integrated solutions include unified communications, enterprise mobility and flexible working, networks, contact centres and document solutions.

Sell £49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Sigma Components

Nuneaton, United Kingdom

Sigma Components is a manufacturer of precision-engineered aerospace products, from rigid pipes, ducting, sub-assemblies, fabrications and sheet details to composite tubing, specialist fasteners, machining, and polishing & finishing. Sigma Components was formed in 2007 and is based in Nuneaton, United Kingdom.

Buy £65M
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