M&A Deal Summary

Cinven Acquires PPF

On April 26, 2018, private equity firm Cinven acquired food company PPF from Pamplona Capital Management - Private Equity

Acquisition Highlights
  • This is Cinven’s 6th transaction in the Food sector.
  • This is Cinven’s 1st transaction in Hungary.

M&A Deal Summary
Date 2018-04-26
Target PPF
Sector Food
Buyer(s) Cinven
Sellers(s) Pamplona Capital Management - Private Equity
Deal Type Secondary Buyout

Target

PPF

Budaörs, Hungary
Partner in Pet Food (PPF) is a pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Partner in Pet Food was founded in 1999 and is based in Budaörs, Hungary.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 153 of 184
Sector (Food) 6 of 6
Type (Secondary Buyout) 39 of 56
Country (Hungary) 1 of 1
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Northgate Public Services

Hemel Hempstead, United Kingdom

Northgate Public Services Ltd. is a provider of mission-critical software and Intellectual Property-led services to the public sector in the UK, Australia and Canada. The Group is headquartered in the UK and has more than 2,000 staff worldwide.

Sell £475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 JLA

Ripponden, United Kingdom

JLA provides commercial laundry, catering and heating solutions to more than 25,000 small and medium-sized enterprise (‘SME’) customers. JLA offers a unique ‘Total Care’ proposition, which combines equipment supply with guaranteed service response times for a contracted monthly fee, providing peace of mind and value for money to a range of customers including care homes, hotels, education providers and housing associations. JLA was established in 1973 and is based in Ripponden, United Kingdom.

Buy -

Seller(S) 1

SELLER

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.

DEAL STATS #
Overall 14 of 21
Sector (Food) 1 of 2
Type (Secondary Buyout) 4 of 9
Country (Hungary) 1 of 1
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Cofense

Leesburg, Virginia, United States

Cofense is a provider of human-driven phishing defense solutions world-wide. Cofense delivers a collaborative approach to cybersecurity by enabling organization-wide engagement to active email threats. Company collective defense suite combines timely attack intelligence sourced from employees with best-in-class incident response technologies to stop attacks faster and stay ahead of breaches.  Cofense was founded in 2007 and is based in Leesburg, Virginia.

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 BBB Industries

Daphne, Alabama, United States

BBB Industries engages in remanufacturing of starters, alternators, hydraulic and air disc brake calipers, both hydraulic and electronic power steering products and turbochargers for the OEM, personal and commercial vehicle aftermarket industries. BBB Industries was founded in 1987 headquartered in Daphne, Alabama.

Sell -
Mergr

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