M&A Deal Summary |
|
---|---|
Date | 2011-03-15 |
Target | Quorn Foods |
Sector | Food |
Buyer(s) |
Exponent Private Equity
Intermediate Capital Group |
Sellers(s) | Premier Foods |
Deal Type | Divestiture |
Deal Value | 205M GBP |
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Category | Private Equity Firm |
---|---|
Founded | 2004 |
PE ASSETS | 2.9B GBP |
Size | Large |
Type | Sector Agnostic |
Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from £150 to £500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.
DEAL STATS | # |
---|---|
Overall | 12 of 38 |
Sector (Food) | 1 of 4 |
Type (Divestiture) | 2 of 12 |
State (Connecticut) | 1 of 1 |
Country (United States) | 1 of 2 |
Year (2011) | 1 of 3 |
Size (of disclosed) | 6 of 17 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-12-01 |
Cardsave Group
N.E. Lincolnshire, United Kingdom Cardsave Group Ltd. is a provider of an online payment processing solutions, merchant services, with the latest credit card machines & terminals and preferential card payment processing rates that save independent retailers money on taking cards. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-05-20 |
Incora
Derby, United Kingdom Incora is an independent distributor and global provider of supply chain solutions. The Company was forged by the joining of two industry leaders in supply chain solutions, Wesco Aircraft and Pattonair. Services include original equipment and aftermarket part demand forecasting, distribution, kitting, line feed, supplier management, warehouse management, inbound and reverse logistics, and consulting. |
Buy | £146M |
Category | Mezzanine Finance Firm |
---|---|
Founded | 1989 |
PE ASSETS | 74.5B USD |
Size | Mega |
Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
DEAL STATS | # |
---|---|
Overall | 229 of 293 |
Sector (Food) | 8 of 14 |
Type (Divestiture) | 23 of 27 |
State (Connecticut) | 1 of 1 |
Country (United States) | 13 of 19 |
Year (2011) | 4 of 8 |
Size (of disclosed) | 50 of 82 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-03-01 |
Loyalty Partner
Munich, Germany Loyalty Partner GmbH is a provider of customer relationship management solutions. |
Sell | $685M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-03-28 |
WSH
Reading, United Kingdom Westbury Street Holdings is an independent food and hospitality services provider. The company operates a chef-led model promoting high quality fresh food and locally sourced ingredients. WSH serves customers in the Business & Industry, Education, and Concession & Hospitality catering segments through its portfolio of brands, which include BaxterStorey, Benugo, Caterlink, Holroyd Howe, Portico, and Searcys. Westbury Street Holdings is based in Reading, United Kingdom. |
Buy | - |
Category | Company |
---|---|
Founded | 1975 |
Sector | Food |
Employees | 4,000 |
Revenue | 1.1B GBP (2024) |
Premier Foods is a manufacturer and distributer of branded and own label food products in the United Kingdom, other European countries, and internationally. It operates through grocery, sweet treats, and international segments. Premier Foods was founded in 1975 and is based in St Albans, the United Kingdom.
DEAL STATS | # |
---|---|
Overall | 3 of 9 |
Sector (Food) | 2 of 8 |
Type (Divestiture) | 2 of 7 |
State (Connecticut) | 1 of 1 |
Country (United States) | 1 of 1 |
Year (2011) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-10-01 |
Frozen Pastry Assets/Premier Foods
United Kingdom Frozen pastry market for the Upper Crust, Tiffany and McDougalls brands from Premier Foods plc. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-07-25 |
Premier Foods’ East Anglian
United Kingdom Premier Foods’ East Anglian canning operations provides food product services. |
Sell | - |