Add-on Acquisition • Food

Excelsior Times Acquires La Sirena

On July 21, 2021, Excelsior Times acquired food company La Sirena from OpCapita

Acquisition Context
  • This is Excelsior Times’ 1st transaction in the Food sector.
  • This is Excelsior Times’ 1st transaction in Spain.

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M&A Deal Summary

Date July 21, 2021
Target La Sirena
Sector Food
Buyer(s) Excelsior Times
Sellers(s) OpCapita
Deal Type Add-on Acquisition

Target Company

La Sirena

Barcelona, Spain
La Sirena is a frozen food specialist operating more than 260 stores. The company also distributes its branded products via its own on-line platform and through wholesale agreements with Amazon, Glovo and national retailers such as Carrefour and Eroski. La Sirena was founded in 1984 and is based in Barcelona, Spain.
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Buyer Overview 1

Buyer

Excelsior Times

Badalona, Spain

Category Company
Sector Food
DESCRIPTION

Excelsior Times is a provider of food related products. Excelsior Times is based in Badalona, Spain.


Deal Context for Buyer #
Overall 1 of 1
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Spain 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

OpCapita

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 700M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

OpCapita invests in a variety of European retail, consumer and leisure businesses. The Firm looks to invest between €100 and €500 million in businesses that are 'strategically sound but operationally or financially challenged'. Sub-sectors of interest within retail/consumer include apparel, general retailers, food/beverage, household/lifestyle goods, and luxury/consumer goods. The Firm will consider a variety of transactions, including carve outs of non-core divisions, balance sheet restructurings, take privates, and sales of family owned businesses. OpCapita is the successor to Merchant Equity Partners. The Firm is based in London.


Deal Context for Seller #
Overall 6 of 6
Sector: Food 1 of 1
Type: Add-on Acquisition 2 of 2
Country: Spain 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-25 Maurices

Duluth, Minnesota, United States

Maurices is a retail concept that offers a broad assortment of fashionable, high quality apparel and accessories to 17-34 year old women and men who seek stylish clothing for both casual and dressy occasions. Maurices was founded in 1931 and is based in Duluth, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Soul Foods Group

Rickmansworth, United Kingdom

Soul Foods Group is a multinational quick service restaurant franchisee, operating a portfolio of nearly 400 restaurants and cafes across the United Kingdom and Canada under the KFC, Taco Bell, Starbucks and Burger King brands. Soul Foods Group was founded in 1985 and is based in Rickmansworth, England.

Buy -

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