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  5. CD&R Acquires Brakes Bros

M&A Deal Summary

CD&R Acquires Brakes Bros

On August 1, 2002, private equity firm CD&R acquired food company Brakes Bros

Acquisition Highlights
  • This is CD&R’s 1st transaction in the Food sector.
  • This is CD&R’s 1st transaction in the United Kingdom.
Investment Fate
  • Brakes Bros was sold to a consortium of financial buyers in 2007.
  • Brakes Bros was sold to a publicly-traded strategic buyer in 2016 for 2.2B GBP.

M&A Deal Summary
Date 2002-08-01
Target Brakes Bros
Sector Food
Buyer(s) CD&R
Deal Type Buyout (LBO, MBO, MBI)

Target

Brakes Bros

Ashford, United Kingdom
Brakes Bros is a food supplier to caterers in the UK and France. Its strong understanding of the needs of the catering industry, combined with innovation in both products and service, has seen Brakes develop into the major supplier of frozen, fresh and ambient foods to caterers across the UK.

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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 8 of 94
Sector: Food M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 12
Country: United Kingdom M&A 1 of 14
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-30 Italtel Group

Milan, Italy

Italtel Group SpA is a suppliers of telecommunication systems worldwide. Italtel's core business is the design, development and implementation of new-generation integrated multi-service networks (voice/data/video), accompanied by a full range of support services. Its solutions are intended for traditional carriers, emerging telecom operators, Internet Service Providers and major corporations.

Buy €1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-12 Remington

Madison, North Carolina, United States

Remington designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the US' oldest operating manufacturer.

Sell -
Mergr

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