M&A Deal Summary

Cremonini Acquires Marr

On April 8, 2005, Cremonini acquired distribution company Marr from Equistone, Private Equity Partners and Star Capital

Acquisition Highlights
  • This is Cremonini’s 1st transaction in the Distribution sector.
  • This is Cremonini’s 1st transaction in Italy.

M&A Deal Summary
Date 2005-04-08
Target Marr
Sector Distribution
Buyer(s) Cremonini
Sellers(s) Equistone
Private Equity Partners
Star Capital
Deal Type Add-on Acquisition

Target

Marr

Rimini, Italy
Marr S.p.A. is an Italian food services distributor offering daily delivery of a wide range of products including fresh, refrigerated and chilled foods and restaurant equipment. Its clientele of 25,000 companies includes restaurants, fast food outlets, hotels, schools, hospitals and large institutions.

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Buyer(S) 1

Buyer

Cremonini

Castelvetro, Italy
Category Company
Founded 1963
Sector Food
Employees9,700
DESCRIPTION

Cremonini S.p.A. is a producer and distributor of food products and services in Italy.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-14 Inalca

Castelvetro di Modena, Italy

Inalca engages in meat processing and food distribution abroad, mainly in the hotels, restaurants and catering sector. The group has a strong presence in foreign markets, especially Russia and several African countries. Inalca was founded in 1963 and is based in Castelvetro di Modena, Italy.

Sell -

Seller(S) 3

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.

DEAL STATS #
Overall 36 of 194
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 19 of 68
Country (Italy) 1 of 5
Year (2005) 5 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-06 Cameca SAS

Courbevoie, France

Cameca SAS designs, manufactures and services ion and electron probes for academic institutions, governmental institutions and corporations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-21 DCK Concessions

Billericay, United Kingdom

DCK Concessions Ltd. is a fashion jewellery retailers in the world. It trades in over 3,000 concession outlets across 22 countries worldwide. DCK has one of the largest design, sourcing and buying teams for fashion jewellery worldwide

Sell £55M
SELLER

Private Equity Partners

Milan, Italy

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Private Equity Partners (PEP) is a private equity firm that seeks buyout and expansion capital investments in medium to large companies. PEP will consider both minority or majority investment situations and targets companies headquartered in Italy as well as Eastern Europe and the emerging markets of China and India. The Firm looks to invest in companies with revenues between EUR50 million and EUR1 billion. Private Equity Partners is based in Milan, with additional offices in Shanghai, Warsaw, Moscow, and Mumbai.

DEAL STATS #
Overall 3 of 6
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (Italy) 3 of 6
Year (2005) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Icos Impianti Group

Zoppola, Italy

Leader in the engineering of sterilisation and washing equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Sofinter

Gallarate, Italy

Sofinter is a protagonist in the international energy market, providing plants and parts for the production of steam for industrial use and for the production of power, for waste and water treatment. Sofinter was formed in 1987 and is based in Gallarate, Italy.

Buy -
SELLER

Star Capital

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2000
PE ASSETS 401M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €15 to €50 million of EBITDA and €3 to €10 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.

DEAL STATS #
Overall 1 of 11
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 6
Country (Italy) 1 of 10
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Faster

Rivolta d’Adda CR, Italy

Faster SpA is a designer and manufacturer of highly engineered mission-critical hydraulic couplings, serving the major global agriculture and construction equipment OEMs, both for their original equipment and aftermarket needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Eutelsat Group

Issy-les-Moulineaux, France

Eutelsat Group is a satellite operator that provides transponder capacity for video broadcasters, European Direct-to-Home (DTH) operators, European governments, and the US government, as well as for corporate data networks and other voice and data providers. Eutelsat Group was founded in 1977 and is based in Issy-les-Moulineaux, France.

Sell -
Mergr

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