M&A Deal Summary

CVC Capital Partners Acquires Panzani

On July 26, 2021, private equity firm CVC Capital Partners acquired food company Panzani from Ebro Foods SA for 550M EUR

Acquisition Highlights
  • This is CVC Capital Partners’ 16th transaction in the Food sector.
  • This is CVC Capital Partners’ 44th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 16th transaction in France.

M&A Deal Summary
Date 2021-07-26
Target Panzani
Sector Food
Buyer(s) CVC Capital Partners
Sellers(s) Ebro Foods SA
Deal Type Divestiture
Deal Value 550M EUR

Target

Panzani

Lyon, France
Panzani is involved in making dry pasta, semolina, couscous, and sauces under the Lustucru and Taureau Ailé brands. Panzani was formed in 1940 and is based in Lyon, France.

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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 284 of 323
Sector (Food) 16 of 16
Type (Divestiture) 35 of 39
Country (France) 16 of 17
Year (2021) 21 of 35
Size (of disclosed) 44 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Pharmathen

Amstelveen, Netherlands

Pharmathen is a European pharmaceutical company that focuses on developing, manufacturing, and out-licensing complex generic pharmaceutical products. Pharmathen's differentiated B2B model attracts a blue-chip customer base of more than 215 generic pharmaceutical companies, which it serves from two US/EU-approved manufacturing facilities in Greece. Pharmathen was founded in 1969 and is based in Amstelveen, Netherlands.

Buy €1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Worldwide Express

Dallas, Texas, United States

Worldwide Express is a provider of third-party logistics services, including small parcel, LTL, FTL, and air freight shipping services to small and medium-sized businesses through a national presence of company-owned and franchise locations. Worldwide Express was established in 1995 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Ebro Foods SA

Madrid, Spain
Category Company
Sector Food
DESCRIPTION

Ebro Foods, S.A., formerly Ebro Puleva, is the leading company in the Spanish food processing sector. Ebro Foods is the world's largest traders/miller of rice and the second biggest producer of pasta. The company's head office is in Madrid.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Divestiture) 3 of 3
Country (France) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-05 Riviana Foods

Houston, Texas, United States

Riviana Foods, Inc. is a processor, marketer and distributor of branded and private label rice products. Riviana Foods is based in Houston, Texas.

Sell $243M
Mergr

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