M&A Deal Summary

EG Group Acquires Cooplands

On October 4, 2021, EG Group acquired food company Cooplands from BGF

Acquisition Highlights
  • This is EG Group’s 1st transaction in the Food sector.
  • This is EG Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-10-04
Target Cooplands
Sector Food
Buyer(s) EG Group
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Cooplands

Scarborough, United Kingdom
Cooplands owns and operates traditionally-made, high-quality produce including bread, sandwiches, pies, pastries, and cakes to more than 140 Cooplands shops, 11 cafes, and 28 sandwich vans. Cooplands Bakery was founded in 1885 and is based in Scarborough, United Kingdom.

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Buyer(S) 1

Buyer

EG Group

Blackburn, United Kingdom

Category Company
Sector Retail
Employees25,000
DESCRIPTION

EG Group is an independent fuel station and convenience retailer, with a diversified portfolio of sites across 8 countries in Europe and North America. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true ‘one-stop’ retail destination to satisfy multiple consumer missions.


DEAL STATS #
Overall 3 of 3
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Mercury Fuel Service

Westport, Connecticut, United States

Mercury Fuel Service operates a network of 72 Cumberland Farms convenience stores. Mercury Fuel Service is based in Westport, Connecticut.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 65 of 131
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 33 of 70
Country: United Kingdom M&A 62 of 125
Year: 2021 M&A 19 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 HeleCloud

London, United Kingdom

HeleCloud is an IT consultancy and managed services provider specializing in highly sophisticated Cloud strategy, implementation, migration, and operation services. HeleCloud was founded in 2016 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 United Tooling Solutions

Leicester, United Kingdom

United Tooling Solutions is a industrial supplies and consumables distributor. The business has over 100 years of experience supporting the precision engineering and manufacturing industries. United Tooling Solutions is based in Leicester, United Kingdom.

Buy -