M&A Deal Summary

Flamingo Acquires Afriflora

On December 20, 2017, Flamingo acquired consumer products company Afriflora from KKR

Acquisition Highlights
  • This is Flamingo’s 1st transaction in the Consumer Products sector.
  • This is Flamingo’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2017-12-20
Target Afriflora
Sector Consumer Products
Buyer(s) Flamingo
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

Afriflora

Aalsmeer, Netherlands
Afriflora is a supplier of quality roses at fair trade standards to Europe. Established in 2005 by the Barnhoorn family, Afriflora has over 11,000 employees. The Company is headquartered in Aalsmeer, Holland and operates three farms in Ethiopia covering 500 hectares. It cultivates, produces and sells over 1.1billion stem roses annually with the majority of these to the European market.

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Buyer(S) 1

Buyer

Flamingo

Stevenage, United Kingdom

Category Company
Sector Food
DESCRIPTION

Flamingo is a vertically integrated horticultural business that grows, processes, packages, markets, and distributes cut flowers and premium prepared fresh vegetables. Customers include retailers such as Tesco, Marks and Spencer, Sainsbury’s and Waitrose, as well as other international customers. Flamingo is based in Stevenage, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 102 of 215
Sector: Consumer Products M&A 5 of 7
Type: Add-on Acquisition M&A Deals 37 of 69
Country: Netherlands M&A 7 of 9
Year: 2017 M&A 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 Upfield

Rotterdam, Netherlands

Upfield produces plant-based butter and spreads. The Company sells its products in over 95 countries and has 16 manufacturing sites throughout the world. Upfield is based in Rotterdam, Netherlands.

Buy €6.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 BIS Industries

Sydney, Australia

BIS Industries is a provider of specialized logistics and materials handling solutions for the world’s biggest mining and resource companies. BIS Industries is based in Sydney, Australia.

Sell -