M&A Deal Summary

Froneri Acquires R&R Ice Cream

On October 5, 2016, Froneri acquired food company R&R Ice Cream from PAI Partners

Acquisition Highlights
  • This is Froneri’s 1st transaction in the Food sector.
  • This is Froneri’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-10-05
Target R&R Ice Cream
Sector Food
Buyer(s) Froneri
Sellers(s) PAI Partners
Deal Type Merger

Target

R&R Ice Cream

Northallerton, United Kingdom
R&R Ice Cream Plc is a producer and supplier of own-label ice cream with a strong branded portfolio including Nestlé, Skinny Cow, YooMoo frozen yogurt, Kelly's of Cornwall and Disney.

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Buyer(S) 1

Buyer

Froneri

North Yorkshire, United Kingdom

Category Company
Founded 2016
Sector Food
DESCRIPTION

Froneri is an ice cream manufacturer in Europe. The Company manufactures a broad range of primarily private-label ice cream products across the UK, France, Italy, and Germany. Froneri was founded in 2016 and is based in North Yorkshire, United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector: Food M&A 1 of 3
Type: Merger M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Tip Top

Auckland, New Zealand

Tip Top engages in the production and distribution of ice creams. Tip Top offers ice cream bars, jelly tips, choco bars, chilled products, ice cream tubs, and scoops. It sells its products through retailers and scoop shops in New Zealand.

Buy $380M

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 30 of 52
Sector: Food M&A 7 of 9
Type: Merger M&A Deals 1 of 3
Country: United Kingdom M&A 4 of 8
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 Froneri

North Yorkshire, United Kingdom

Froneri is an ice cream manufacturer in Europe. The Company manufactures a broad range of primarily private-label ice cream products across the UK, France, Italy, and Germany. Froneri was founded in 2016 and is based in North Yorkshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Azets

London, United Kingdom

Azets is an international accounting, tax, audit, advisory and business services group supporting entrepreneurial businesses and their owners and managers in achieving long term, sustainable success through the provision of critical business support, BPO and advisory services. Azets was founded in 2016 and is based in London, United Kingdom.

Buy -