M&A Deal Summary

Greencore Acquires Peacock Foods

On April 3, 2017, Greencore acquired packaging company Peacock Foods from Charlesbank Capital Partners

Acquisition Highlights
  • This is Greencore’s 1st transaction in the Packaging sector.
  • This is Greencore’s 7th transaction in the United States.
  • This is Greencore’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2017-04-03
Target Peacock Foods
Sector Packaging
Buyer(s) Greencore
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Peacock Foods

Geneva, Illinois, United States
Peacock is a provider of outsourced supply chain management and packaging solutions to the food industry. Peacock’s full range of services includes primary and secondary packaging of ambient, refrigerated and frozen food products. In addition, the company provides customers with project engineering, design consulting, materials management, primary food processing, warehousing and shipping services.

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Buyer(S) 1

Buyer

Greencore

Dublin, Ireland

Category Company
Founded 1991
Sector Food
Employees13,300
Revenue 1.8B GBP (2024)
DESCRIPTION

Greencore Group is a food company, offering sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings. Greencore Group was founded in 1991 and is based in Dublin, Ireland.


DEAL STATS #
Overall 14 of 15
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 13
State: Illinois M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 The Sandwich Factory Holdings

Atherstone, United Kingdom

The Sandwich Factory Holdings Ltd. is a producer of food to go products for distribution in the convenience store and food service channels.

Buy £15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 Greencore Group - Cakes & Desserts Business

United Kingdom

Greencore Group plc - Cakes & Desserts Business engages in cake manufacturing.

Sell -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.


DEAL STATS #
Overall 37 of 52
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 18
State: Illinois M&A 4 of 6
Country: United States M&A 33 of 48
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Ivanti

South Jordan, Utah, United States

Ivanti is a provider of IT systems management, security management, and service management services. By integrating and automating critical IT tasks, Ivanti helps IT organizations successfully automate and secure the digital workplace. Ivanti is based in South Jordan, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Tecomet

Wilmington, Massachusetts, United States

Tecomet is a contract manufacturer of precision-engineered medical devices and components for the orthopedic, cardiovascular, medical imaging and aerospace markets. The company manufactures orthopedic implants as well as trauma and cranio-maxillofacial products for medical device customers (accounting for 70% of revenue). Tecomet also makes aerospace and industrial products, including components for satellites and infrared applications. Tecomet was founded in 1964 and is based in Wilmington, Massachusetts.

Buy -