M&A Deal Summary

Delek Group Acquires Roadchef

On March 2, 2007, Delek Group acquired restaurant Roadchef from Vision Capital and Nikko Principal Investments for 417M GBP

Acquisition Highlights
  • This is Delek Group’s 1st transaction in the Restaurants sector.
  • This is Delek Group’s 2nd largest (disclosed) transaction.
  • This is Delek Group’s 1st transaction in the United Kingdom.
Investment Fate
  • Roadchef was divested to a consortium of buyers in 2014 for 153M GBP.
  • Roadchef was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2007-03-02
Target Roadchef
Sector Restaurants
Buyer(s) Delek Group
Sellers(s) Vision Capital
Nikko Principal Investments
Deal Type Add-on Acquisition
Deal Value 417M GBP

Target

Roadchef

Cannock, United Kingdom
RoadChef is a roadside service area businesses operates motorway service areas in Britain. It operates catering and retail brand outlets, and restaurants, which provide meals, sandwiches, muffins, pastries, breakfasts, portions of fish and chips, and coffees. Roadchef was founded in 1973 and is based in Cannock, United Kingdom.

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Buyer(S) 1

Buyer

Delek Group

Herzliya, Israel
Category Company
Founded 1951
Sector Oil/Gas Exploration
Employees612
Revenue 12.3B ILS (2023)
DESCRIPTION

Delek Group is a holding company through subsidiaries retails gasoline and lubricants, and operates gasoline filling stations, convenience stores and a crude oil pipeline and refinery in the United States, holds interests in the energy, infrastructure, automotive, media, finance and wealth management sectors, and owns real estate investments. Delek Group was founded in 1951 and is headquartered in Herzliya, Israel.

DEAL STATS #
Overall 2 of 4
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Republic Companies

Dallas, Texas, United States

Republic Companies, Inc. is an insurance company providing personal and commercial property and casualty insurance products to individuals and small to medium business primarily in Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Delek Europe BV

Breda, Netherlands

Delek Europe B.V. operates fuelling stations and convenience stores.

Sell €355M

Seller(S) 2

SELLER

Vision Capital

London, United Kingdom

Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Vision Capital is a large private equity firm focused on control investments in companies located in Europe and the US. Vision targets equity and debt investments in profitable businesses valued from €50 million to €1 billion. Specific areas of interest include financial services, real estate, industrial, manufacturing, consumer and business services. Target transaction types include buyouts and corporate divestitures/spinoffs. In addition to its principal investment activity, Vision Capital's Principal Finance group provides financing to other investors or company owners to support growth initiatives, debt repayment, acquisitions, or investor liquidity. Vision Capital was formed in 1997 and is based in London.

DEAL STATS #
Overall 6 of 29
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 3 of 10
Country (United Kingdom) 5 of 16
Year (2007) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Cerbo Group AB

Trollhattan, Sweden

Cerbo Group AB is a high-tech developer and manufacturer of polymer product systems and component for customers in specific market areas.

Sell kr437M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 BrightHouse

Watford, United Kingdom

BrightHouse Ltd. is a provider of consumer electronics, white goods, and furniture to customers with restricted access to traditional forms of credit, on a ‘rent to buy’ basis.

Buy £170M
SELLER

Nikko Principal Investments

United Kingdom
Category Company
Sector Financial Services
DESCRIPTION

Nikko Principal Investments Ltd. provides financial servies.

DEAL STATS #
Overall 2 of 4
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 2 of 3
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-10 Cabot Financial

Kings Hill, West Malling, United Kingdom

Cabot Financial Ltd. is a provider of debt recovery services, helping people to resolve past credit difficulties.

Buy £275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-02 Hirequip

Auckland, New Zealand

Hirequip Ltd. is a dry-hire equipment rental business. It offers a wide range of rental equipment across the full spectrum of the construction sector via a national branch network. Hirequip was established in 1960 and is based in Auckland, New Zeland.

Sell -
Mergr

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