M&A Deal Summary

Food Union Acquires A.S. Rigas Piensaimnieks

On November 2, 2015, Food Union acquired consumer products company A.S. Rigas Piensaimnieks from Darby Overseas Investments

Acquisition Highlights
  • This is Food Union’s 1st transaction in the Consumer Products sector.
  • This is Food Union’s 1st transaction in Latvia.

M&A Deal Summary
Date 2015-11-02
Target A.S. Rigas Piensaimnieks
Sector Consumer Products
Buyer(s) Food Union
Sellers(s) Darby Overseas Investments
Deal Type Add-on Acquisition

Target

A.S. Rigas Piensaimnieks

Riga, Latvia
A.S. Rigas Piensaimnieks is one of the largest dairy companies in Latvia. RPS specializes in value-added products of which the most important are processed cheese and curd snacks. RPS owns several widely recognized brands in Latvia and in the Baltic countries, including the Karums and Dzintars brands.

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Buyer(S) 1

Buyer

Food Union

Riga, Latvia
Category Company
Sector Food
DESCRIPTION

Food Union is a provider of ice cream and other frozen treats to consumers in six European countries. Food Union is based in Riga, Latvia.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Latvia) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 Premier Is - Mejerigaarden A/S

Thisted, Denmark

Premier Is - Mejerigaarden A/S production, sale and distribution of Ice cream products for the Danish market.

Buy -

Seller(S) 1

SELLER

Darby Overseas Investments

Washington, District of Columbia, United States

Investor

Category Private Equity Firm
Founded 1994
Size Large
Type Sector Agnostic
DESCRIPTION

Darby Overseas Investments is an emerging markets investment firm that sponsors and manages private equity, mezzanine finance, and fixed-income funds for institutional investors and high-net-worth individuals. Darby targets investments in Latin/South America, Asia, and Europe. Sectors of interest include consumer products, specialty retail, distribution, packaging, hotel management, energy, financial services, media and publishing. Darby was formed in 1994 and is based in Washington DC.

DEAL STATS #
Overall 7 of 10
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 3 of 5
Country (Latvia) 1 of 1
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Koza Gida A.S.

İstanbul, Turkey

Koza Gida A.S. is Turkey's major high quality specialty food, pastry ingredients and food equipment importer and distributor with over 20 years of experience. Koza distributes specialty food ingredients from 85 world leading firms. The Company serves HORECA (hotels, restaurants, cafeterias), retailers and cake and pastry producers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 CTL Logistics

Sosnowiec, Poland

CTL Logistics is an international logistics operator performing domestic and international transport using its rolling stock and infrastructure. CTL Logistics' main clients are coal mining companies, aggregates, fuel companies, chemical plants, household appliances manufacturers, FMCG logistics, energy companies, container operators, and many others. CTL Logistics was founded in 1992 and is based in Sosnowiec, Poland.

Sell -
Mergr

Product

Company

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