M&A Deal Summary

General Atlantic Acquires Gavilon

On June 23, 2008, growth capital firm General Atlantic acquired real estate company Gavilon from Conagra Brands for 2.8B USD

Acquisition Highlights
  • This is General Atlantic’s 1st transaction in the Real Estate sector.
  • This is General Atlantic’s 2nd largest (disclosed) transaction.
  • This is General Atlantic’s 37th transaction in the United States.
  • This is General Atlantic’s 1st transaction in Nebraska.
Investment Fate
  • Gavilon was sold to a strategic buyer in 2012 for 2.7B USD.
  • Gavilon was sold to a publicly-traded strategic buyer in 2013 for 2.7B USD.
  • Gavilon was divested to a consortium of strategic buyers in 2022 for 1.1B USD.

M&A Deal Summary

Date 2008-06-23
Target Gavilon
Sector Real Estate
Buyer(s) General Atlantic
Sellers(s) Conagra Brands
Deal Type Divestiture
Deal Value 2.8B USD

Target

Gavilon

Omaha, Nebraska, United States
Gavilon originates, stores, and distributes grains, oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors, and ethanol producers worldwide. Gavilon was founded in 2008 and is headquartered in Omaha, Nebraska.

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Buyer(S) 1

Buyer

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 68 of 340
Sector (Real Estate) 1 of 3
Type (Divestiture) 2 of 5
State (Nebraska) 1 of 1
Country (United States) 37 of 161
Year (2008) 5 of 6
Size (of disclosed) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-18 Exp Global

Brampton, Ontario, Canada

EXP provides engineering, architecture, design, and consulting services to the world’s built and natural environments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-14 Qualicorp

Sao Paulo, Brazil

Qualicorp provides healthcare brokerage, as well as benefits administration services. Qualicorp was founded in 1997 and is based in Sao Paulo, Brazil.

Buy -

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States

Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 18
Sector (Real Estate) 1 of 1
Type (Divestiture) 10 of 18
State (Nebraska) 4 of 7
Country (United States) 10 of 18
Year (2008) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-13 ConAgra Foods - Knott s Berry Farm Food Brand

Omaha, Nebraska, United States

ConAgra Foods - Knott's Berry Farm Food Brand is a producer and markets high quality jams, jellies and preserves in the retail, gift boxes, and foodservice channels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Saroni Sugar & Rice

Oakland, California, United States

Saroni Sugar & Rice Inc.,is a food ingredients distributor.

Buy -