M&A Deal Summary

CVC Capital Partners Acquires Vivartia

On December 1, 2020, private equity firm CVC Capital Partners acquired food company Vivartia from MIG Holdings

Acquisition Highlights
  • This is CVC Capital Partners’ 14th transaction in the Food sector.
  • This is CVC Capital Partners’ 4th transaction in Greece.

M&A Deal Summary

Date 2020-12-01
Target Vivartia
Sector Food
Buyer(s) CVC Capital Partners
Sellers(s) MIG Holdings
Deal Type Secondary Buyout

Target

Vivartia

Spata Attica, Greece
Vivartia is a Greek food company operating in the dairy & drinks, bakery & confectionery, frozen foods, and food services & entertainment sectors. Vivartia is a diversified food company in Greece, with leading market positions in each of its core business lines: Dairy & Drinks (Delta, UMC), Frozen Foods (Barba Stathis, Chrysi Zymi), Food Services & Entertainment (Goody's, Flocafe, Everest and La Pasteria). Vivartia is based in Spata Attica, Greece.

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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 261 of 323
Sector (Food) 14 of 16
Type (Secondary Buyout) 55 of 76
Country (Greece) 4 of 6
Year (2020) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Advantage Solutions

Clayton, Missouri, United States

Advantage Solutions is a business solutions provider committed to driving growth for consumer goods manufacturers and retailers through winning insights and execution. Advantage’s data and technology-enabled omnichannel solutions including sales, retail merchandising, business intelligence, digital commerce, and a full suite of marketing services are designed to help brands and retailers across a broad range of channels drive consumer demand, increase sales and achieve operating efficiencies. Headquartered in Irvine, California, Advantage has offices throughout the United States and Canada and a presence in select markets throughout Africa, Asia, Australia and Europe. Advantage Solutions was founded in 1987 and is based in Clayton, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 RiverStone International

Brighton, United Kingdom

RiverStone International is focused on providing run-off insurance services to its clients. RiverStone International is based in Brighton, United Kingdom.

Buy $750M

Seller(S) 1

SELLER

MIG Holdings

Athens, Greece

Category Private Equity Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

MIG Holdings is a publicly traded investment firm focused on private equity-related investments, as well as investments in privatizations and infrastructure projects. The Firm looks to fund consolidations and other situations where the firm can extract value. Areas of interest include food & beverage, financial services, leisure/hospitality, shipping, IT, real estate and healthcare. MIG Holdings was initially formed in 1998 and became public in 2007. The Firm is located in Athens, Greece.


DEAL STATS #
Overall 7 of 7
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Greece) 7 of 7
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Singular Logic

Athens, Greece

Singular Logic is the leading player in the Greek Business Software market providing integrated solutions for the private and public sectors, in Greece and abroad through three dynamic business divisions – EnterpriseDIS (Corporates), SingularLogic Software (SMEs), and SingularLogicIntegrator (Public Sector). SingularLogic has a large and reputable customer base of Greek and international companies serviced on the back of focused and competent offerings developed alongside powerful partners. Singular Logic is based in Athens, Greece.

Sell €18M