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  5. Danone Acquires Frucor Beverages Group

M&A Deal Summary

Danone Acquires Frucor Beverages Group

On January 18, 2002, Danone acquired beverage company Frucor Beverages Group from Pacific Equity Partners for 140M EUR

Acquisition Highlights
  • This is Danone’s 4th transaction in the Beverages sector.
  • This is Danone’s 2nd largest (disclosed) transaction.
  • This is Danone’s 1st transaction in New Zealand.
Investment Fate
  • Frucor Beverages Group was divested to a consortium of strategic buyers in 2009.

M&A Deal Summary
Date 2002-01-18
Target Frucor Beverages Group
Sector Beverages
Buyer(s) Danone
Sellers(s) Pacific Equity Partners
Deal Type Add-on Acquisition
Deal Value 140M EUR

Target

Frucor Beverages Group

Auckland,, New Zealand
Frucor, a key player in the New Zealand beverage market is well known for its capacity to innovate and is also a fast growing energy drink segment with its "V" brand.

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Buyer(S) 1

Buyer

Danone

Paris, France
Category Company
Founded 1899
Sector Food
Employees89,528
Revenue 27.4B EUR (2024)
DESCRIPTION

Danone is a food & beverage company built on four businesses: Essential Dairy and Plant-Based Products, Waters, Early Life Nutrition, and Medical Nutrition. Danone was founded in 1899 and is based in Paris, France.

DEAL STATS #
Overall 8 of 41
Sector: Beverages M&A 4 of 11
Type: Add-on Acquisition M&A Deals 4 of 20
Country: New Zealand M&A 1 of 1
Year: 2002 M&A 1 of 8
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-29 Stonyfield Farm

Manchester, New Hampshire, United States

Stonyfield Farm, Inc. is a producer and seller of organic yogurt products that includes smoothies, frozen and soy yogurts. Stonyfield Farm, Inc. was founded in 1983 and is based in Manchester, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-04 Zywiec Zdroj

Poland

Zywiec Zdroj is a Polish bottler and highly dynamic market which, with 1.3 billion litres of water per year, is the major in Eastern Europe.

Buy -

Seller(S) 1

SELLER

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.

DEAL STATS #
Overall 1 of 23
Sector: Beverages M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 13
Country: New Zealand M&A 1 of 6
Year: 2002 M&A 1 of 1
Size (of disclosed) 6 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 The Communications Group

Sydney NSW 2000, Australia

The Communications Group (TCG) is a former PEP portfolio company and is the holding company for a family of Australasia's biggest and most successful communications and marketing agencies. Formerly the Australian and New Zealand subsidiaries of Cordiant Communications Group Plc, TCG offers specialist services from advertising and public relations, to media buying and direct marketing through business such as George Patterson Bates and Zenith Media.

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