M&A Deal Summary

Fjord Seafood ASA and Domstein ASA Acquire Pieters N.V.

On November 17, 2000, Fjord Seafood ASA and Domstein ASA acquired food company Pieters N.V. from IK Partners

Acquisition Highlights
  • This is Fjord Seafood ASA’s 1st and Domstein ASA’s 1st transaction in the Food sector.
  • This is Fjord Seafood ASA’s 1st and Domstein ASA’s 1st transaction in Belgium.

M&A Deal Summary
Date 2000-11-17
Target Pieters N.V.
Sector Food
Buyer(s) Fjord Seafood ASA
Domstein ASA
Sellers(s) IK Partners
Deal Type Add-on Acquisition

Target

Pieters N.V.

Brugge, Belgium
The Pieters Group is one of the major integrated fish processors and distributors in Europe. The group is the market leader in Belgium and has significant market shares in the Netherlands, France and Germany. Pieters is engaged in the purchase, aquaculture, processing, packaging, sales and distribution of fish products. The major product categories are salmon, North Atlantic whitefish and South East Asian prawns.

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Buyer(S) 2

Buyer

Fjord Seafood ASA

Oslo, Norway
Category Company
Founded 1996
Sector Food
DESCRIPTION

Fjord Seafood ASA offers various seafood products.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Belgium) 1 of 1
Year (2000) 1 of 1
Buyer

Domstein ASA

Brugge, Belgium
Category Company
Sector Food
DESCRIPTION

Domstein ASA manufactures, markets, distributes, and sells fresh and processed seafoods in Norway, Sweden, and Finland.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Belgium) 1 of 1
Year (2000) 1 of 1

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.

DEAL STATS #
Overall 14 of 117
Sector (Food) 2 of 11
Type (Add-on Acquisition) 7 of 41
Country (Belgium) 1 of 6
Year (2000) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-01 COROB

Modena, Italy

COROB is a provider of advanced tinting equipment to the paints and coatings industry. The Group supplies applications in the paint and coatings, inks, and chemical industries, as well as providing the related after-sales services on a global scale, thanks to a capillary organization dedicated to management and maintenance. COROB was founded in 1984 and is based in Modena, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Dataphone AB

Solna, Sweden

Dataphone offers solutions for fast, secure and high quality tele- and data communication to communications intensive companies and public entities throughout Sweden.

Buy -
Mergr

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