M&A Deal Summary

Goldman Sachs Asset Management Acquires Prestige

On February 4, 2016, Goldman Sachs Asset Management acquired food company Prestige from Stage Capital

Acquisition Highlights
  • This is Goldman Sachs Asset Management’s 1st transaction in the Food sector.
  • This is Goldman Sachs Asset Management’s 1st transaction in Bulgaria.

M&A Deal Summary

Date 2016-02-04
Target Prestige
Sector Food
Buyer(s) Goldman Sachs Asset Management
Sellers(s) Stage Capital
Deal Type Add-on Acquisition

Target

Prestige

Veliko Turnovo, Bulgaria
Prestige is one of the food producing companies in Bulgaria and market leader in all categories in which the company operates - biscuits, wafers and mini cakes. Prestige was founded in 1996 and is based in Veliko Turnovo, Bulgaria.

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Buyer(S) 1

Buyer

Goldman Sachs Asset Management

New York, New York, United States

Category Company
Sector Financial Services
DESCRIPTION

Goldman Sachs Asset Management (dba GSAM) is the asset management arm of The Goldman Sachs Group. GSAM offers advisory services to individuals and institutional clients around the world from offices in the US, Europe, and Asia.


DEAL STATS #
Overall 4 of 20
Sector (Food) 1 of 1
Type (Add-on Acquisition) 3 of 9
Country (Bulgaria) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Imprint Capital

San Francisco, California, United States

Imprint Capital is an institutional impact investing firm and innovator in developing investment solutions that generate measurable environmental, social, and effective governance (ESG) impact alongside a financial return. Imprint’s team of investors collectively brings decades of ESG and impact investing experience across public and private markets on a global basis. Imprint Capital is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Visual Comfort

Houston, Texas, United States

Visual Comfort is a lighting company with a portfolio of fashionable and functional lighting fixtures, ceiling fans, and decorative products. Visual Comfort was founded in 1987 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Stage Capital

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stage Capital is a private equity firm that seeks investments in middle-market businesses operating in traditional industries serving as the 'backbone' of the economy. The Firm focuses its investment activity across the UK and Europe and looks for opportunities valued between €10 and €15 million where Stage Capital can invest €5 to €25 million. Stage Capital will not invest in start-ups or early stage companies. Stage Capital was formed in 2000 and is based in London with additional offices in Paris and Istanbul.


DEAL STATS #
Overall 11 of 20
Sector (Food) 3 of 6
Type (Add-on Acquisition) 4 of 7
Country (Bulgaria) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 Bright Blue Foods

Blackburn, United Kingdom

Bright Blue Foods is a cake manufacturer in the UK. It trades from four sites in the UK and one in Poland and employs over 2,000 people. The business delivers ‘best in class’ operational performance across a broad range of production capabilities including mince pies, fruit tarts, swiss rolls, celebration cakes and chilled desserts. Bright Blue Foods is based in Blackburn, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 ATR Group

Aberdeen, United Kingdom

ATR Group Ltd. is focused on renting and selling equipment to the petrochemicals, marine, subsea and offshore oil and gas industries. The company's five business units are ATR Equipment Solutions, ATR Lifting Solutions, ATR Power Solutions, Underwater Engineering Services, and Safety & Technical Hydraulics.

Sell -