M&A Deal Summary

GP Investments Acquires LBR

On December 23, 2010, private equity firm GP Investments acquired food company LBR

Acquisition Highlights
  • This is GP Investments’ 1st transaction in the Food sector.
  • This is GP Investments’ 6th transaction in Brazil.

M&A Deal Summary
Date 2010-12-23
Target LBR
Sector Food
Buyer(s) GP Investments
Deal Type Consolidation

Target

LBR

Sao Paulo, Brazil
LBR is a private dairy company in Brazil. The company focused on UHT milk, but it went on to produce regular and special milk, fine cheeses, fresh and grated, milk cream, curd cheese, butter, dairy and soy-based drinks. LBR was founded in 2010 and is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

GP Investments

Sao Paulo, Brazil
Category Private Equity Firm
Founded 1993
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GP Investments is a publicly-traded private equity group that targets opportunities in Latin/South America. GP targets mature businesses in traditional industries with revenues greater than $60 million (US). Prospective transaction situations include consolidations, non-core divestitures, acquisitions of family-owned businesses, recapitalizations, and restructurings. The Firm prefers control positions when pursuing transactions. GP will not invest in start-ups and avoids tech-related or biotech companies. GP was formed in 1993 and has offices in Bermuda and Sao Paulo, Brazil.

DEAL STATS #
Overall 7 of 10
Sector (Food) 1 of 1
Type (Consolidation) 2 of 2
Country (Brazil) 6 of 7
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 LeitBom

Morrinhos, Brazil

LeitBom is a well diversified Diary company, markets its product mix nationally and has gradually shifted to higher margin products-such as powdered milk, condensed milk, cream, flavoured milk drink and cheeses with small exposure to ultra-high temperature (UHT) milk. LeitBom was founded in 1964 and is based in Morrinhos, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Sascar Tecnologia Automotiva

Santana de Parnaíba, Brazil

Sascar Tecnologia Automotiva is a provider of digital fleet management and freight security services. The Company has developed a strong presence in the independent trucker and small truck fleet segment in Brazil, which underpins the country’s land transportation market. Sascar Tecnologia Automotiva is based in Santana de Parnaíba, Brazil.

Buy -
Mergr

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