M&A Deal Summary

CVC Capital Partners Acquires MonBake

On March 26, 2024, private equity firm CVC Capital Partners acquired food company MonBake from Alantra Private Equity, Artá Capital and Ardian

Acquisition Highlights
  • This is CVC Capital Partners’ 17th transaction in the Food sector.
  • This is CVC Capital Partners’ 20th transaction in Spain.

M&A Deal Summary

Date 2024-03-26
Target MonBake
Sector Food
Buyer(s) CVC Capital Partners
Sellers(s) Alantra Private Equity
Artá Capital
Ardian
Deal Type Secondary Buyout

Target

MonBake

Madrid, Spain
MonBake is a frozen bakery company resulting from the merger of Berlys and Bellsola. The combination of both companies will strength their leadership position in Spain with high complementary in products and markets. MonBake offers a broad portfolio of bakery products (bread, bakery and pastries) through its main brands (Berlys, Bellsola, Orio, Bouquet, etc.), manufactured in its state-of-the-art facilities and commercialized through a broad and capillary distribution network that serves more than 25,000 clients, including the largest modern retailers. MonBake was founded in 2018 and is based in Madrid, Spain.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 322 of 328
Sector: Food M&A 17 of 17
Type: Secondary Buyout M&A Deals 76 of 78
Country: Spain M&A 20 of 20
Year: 2024 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-09 Jagex

Cambridge, United Kingdom

Jagex is a video game developer and publisher focused on creating a deep and engaging living game on PC and mobile. Its flagship RuneScape and Old School RuneScape, on PC and mobile, offer ever-evolving, highly active worlds, and community-focused development ethos empowers players to have a real say in how each game is shaped. Jagex was founded in 2000 and is based in Cambridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 World of Talents

Kortrijk, Belgium

World of Talents is a provider of outsourcing, interim staffing, and recruitment & selection services for more than 1.400 SME’s and companies. World of Talents was founded in 2008 and is based in Kortrijk, Belgium.

Buy -

Seller(S) 3

SELLER

Alantra Private Equity

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alantra Private Equity is a private equity firm focused on mid-sized buyout investments in Spain and Portugal. Thematic Investment approach focused in 4 sectors Food & Nutrition, Health & Wellness, Industry and TMT. Alantra Private Equity was formed in 1986 and is based in Madrid.


DEAL STATS #
Overall 39 of 40
Sector: Food M&A 5 of 6
Type: Secondary Buyout M&A Deals 5 of 5
Country: Spain M&A 35 of 36
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 AG olives

Moron de la Frontera, Spain

AG olives is a producer of olives that have brought together the best of tradition with the most contemporary production, packaging, and distribution processes, placing the company at the forefront of the andalusian agri-food sector and in the lead in the areas of vertical integration, sustainability, and global innovation. AG olives was founded in 1962 and is based in Moron de la Frontera, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Frias Nutricion

Burgos, Spain

Frias Nutricion engages in the production and distribution of vegetable beverages (oats, soybeans, almonds, coconut and rice), broths, creams, and other healthy products. Frias Nutricion was founded in 1919 and is based in Burgos, Spain.

Sell -
SELLER

Artá Capital

Madrid, Spain

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 800M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Artá Capital is a private equity firm focused on investing in and acquiring businesses throughout the Iberian peninsula. Artá Capital has a preference for growth deals and buyouts of middle-market family-owned companies. Artá is sector agnostic and generally looks for businesses valued between €100 and €500 million. Artá Capital was established in 2008 and is headquartered in Madrid.


DEAL STATS #
Overall 11 of 11
Sector: Food M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 4
Country: Spain M&A 10 of 10
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-22 Ferreira

Espinho, Portugal

Ferreira is a producer of bespoke luxury carpets and rugs. Ferreira was founded in 1946 and is based in Espinho, Portugal.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 231 of 247
Sector: Food M&A 11 of 11
Type: Secondary Buyout M&A Deals 86 of 92
Country: Spain M&A 11 of 11
Year: 2024 M&A 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 Clermont

Toronto, Ontario, Canada

Clermont is a commercial real estate company specializing in the acquisition, management, and redevelopment of parking facilities. Clermont was founded in 2024 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Acteon

Norwich, United Kingdom

Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom.

Sell -