Merger • Food

Compleat Food Group Acquires Addo Food Group

On October 8, 2021, Compleat Food Group acquired food company Addo Food Group from PAI Partners

Acquisition Context
  • This is Compleat Food Group’s 2nd transaction in the Food sector.
  • This is Compleat Food Group’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date October 8, 2021
Target Addo Food Group
Sector Food
Buyer(s) Compleat Food Group
Sellers(s) PAI Partners
Deal Type Merger

Target Company

Addo Food Group

Nottingham, United Kingdom
Addo Food Group is a food company specializing in chilled savory foods, including pork pies, quiche, savory pies, sausage rolls, pasties, slices, and Scotch eggs. The company produces including sausage rolls, scotch eggs, and pies for some of the UK’s best-known brands, such as Pork Farms, Wall’s, Bowyers and Millers Bakery. Addo Food Group was founded in 1786 and is based in Nottingham, United Kingdom.
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Buyer Overview 1

Buyer

Compleat Food Group

Redhill, United Kingdom

Category Company
Founded 1962
Sector Food
DESCRIPTION

Compleat Food Group is a chilled savoury pastry producer which also offers meat products, olives and antipasti, cooking sausages, pâtés, seafood, heat and eat products, snacking and dips, and sweets. Compleat Food Group was founded in 1962 and is based in Redhill, United Kingdom.


Deal Context for Buyer #
Overall 2 of 2
Sector: Food 2 of 2
Type: Merger 2 of 2
Country: United Kingdom 2 of 2
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 Winterbotham Darby

Redhill, United Kingdom

Winterbotham Darby is a supplier of chilled foods to UK supermarket chains. Through strategic own-label relationships with retailers and an exciting portfolio of brands, the team has a long-established record of creating, growing, and leading categories. Winterbotham Darby was formed in 1962 and is based in Redhill, United Kingdom.

Buy -

Seller Profile 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


Deal Context for Seller #
Overall 44 of 52
Sector: Food 9 of 9
Type: Merger 3 of 3
Country: United Kingdom 7 of 8
Year: 2021 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 Winterbotham Darby

Redhill, United Kingdom

Winterbotham Darby is a supplier of chilled foods to UK supermarket chains. Through strategic own-label relationships with retailers and an exciting portfolio of brands, the team has a long-established record of creating, growing, and leading categories. Winterbotham Darby was formed in 1962 and is based in Redhill, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Atos Medical

Malmö, Sweden

Atos Medical is a medical device company with a global market and technology leading position in the segment for voice and pulmonary rehabilitation of patients who have undergone laryngectomy (surgical removal of the voice box). Atos Medical was formed in 1986 and is based in Malmö, Sweden.

Sell €2.2B

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