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  5. Elior Group Acquires Waterfall Catering Group

M&A Deal Summary

Elior Group Acquires Waterfall Catering Group

On July 20, 2016, Elior Group acquired building materials company Waterfall Catering Group from LDC

Acquisition Highlights
  • This is Elior Group’s 1st transaction in the Building Materials sector.
  • This is Elior Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-07-20
Target Waterfall Catering Group
Sector Building Materials
Buyer(s) Elior Group
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Waterfall Catering Group

Birchwood, United Kingdom
Waterfall Catering Group Ltd. is a provider of catering services to the education and care home sectors. Operating throughout the UK, the company has won several major contracts, including one with a local authority supplying catering services to local schools. It is now one of the largest privately-owned contract catering firms in the UK.

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Buyer(S) 1

Buyer

Elior Group

Paris, France
Category Company
Founded 1991
Sector Food
Employees132,783
Revenue 5.2B EUR (2023)
DESCRIPTION

Elior Group is an operator of contracted food and support services. Elior Group was founded in 1991 and is based in Paris, France.

DEAL STATS #
Overall 5 of 11
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 5 of 10
Country (United Kingdom) 1 of 1
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Preferred Meals

Berkeley, Illinois, United States

Preferred Meals, Inc. is a provider of meals, fresh-prepared snacks and frozen prepared snacks, entrees, and complete meals for contract catering and home delivery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 CR Caterers India Pvt.

Chennai, India

CR Caterers India Pvt. Ltd. (CRCL) is an industrial and institutional food & allied services company, the market providing customized, quality-conscious service to a broad spectrum of organizations across the region.

Buy -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.

DEAL STATS #
Overall 103 of 202
Sector (Building Materials) 3 of 6
Type (Add-on Acquisition) 50 of 95
Country (United Kingdom) 100 of 196
Year (2016) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 WorkPlace Systems International

Milton Keynes, United Kingdom

WorkPlace Systems International plc is a provider in the development and supply of standard software products for workforce management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 Thinventory

Slough, United Kingdom

Thinventory is a technology-led logistics and locker provider. Like mechanical lock boxes that secure distributed inventory, the right mix of software, logistics expertise, smart lockers etc. Thinventory was founded in 2000 and is based in Slough, United Kingdom.

Buy -
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