M&A Deal Summary |
|
|---|---|
| Date | 2016-05-26 |
| Target | Lamberts Bay Foods |
| Sector | Food |
| Buyer(s) | Famous Brands Management Co. |
| Sellers(s) | Oceana Group |
| Deal Type | Divestiture |
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Steers, South Africa’s leading burger brand has been serving South Africans its legendary 100% pure beef, flame-grilled burgers and handmade chips for almost 50 years. Steers has won the Leisure Options Award for the Best Burger for the past 17 years running, and Best Chips for the past 14. Steers success is due in part to its extensive network of 505 local restaurants together with its growing African footprint of 45 restaurants, operating in countries such as Nigeria, Mauritius and Zambia. Steers track-record proves that flame-grilled, just tastes better.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector: Food M&A | 3 of 3 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: South Africa M&A | 6 of 6 |
| Year: 2016 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-16 |
Salsa Mexican Grill
Johannesburg, South Africa Salsa Mexican Grill is a fast casual dining centered on traditional Mexican food and beverages. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-01 |
Gourmet Burger Kitchen
London, United Kingdom Gourmet Burger Kitchen Ltd. owns and operates a chain of restaurants that offers chicken, cheese, beef burger and veggies. |
Buy | £120M |
| Category | Company |
|---|---|
| Founded | 1918 |
| Sector | Food |
| Employees | 2,319 |
| Revenue | 10.1B ZAR (2024) |
Oceana Group is a fishing company. Oceana fishing business is the catching, processing, marketing and distribution of canned fish, fishmeal and fish oil, horse mackerel and hake, lobster and squid. Oceana Group was founded in 1918 and is based in Cape Town, South Africa.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Food M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 2 |
| Country: South Africa M&A | 1 of 2 |
| Year: 2016 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-04 |
CCS Logistics
Cape Town, South Africa CCS Logistics provides cold-chain warehousing and logistics services, offering temperature-controlled storage, blast freezing, bonded warehousing, container de-stuffing, palletisation, and multi-temperature storage for perishable foods and other temperature-sensitive goods. CCS Logistics was founded in 1971 and is based in Cape Town, South Africa. |
Sell | R760M |
