Stake Purchase • Food

Hormel Foods Invests In GarudaFood

On December 15, 2022, Hormel Foods invested in food company GarudaFood from CVC Capital Partners

Investment Context
  • This is Hormel Foods’ 17th transaction in the Food sector.
  • This is Hormel Foods’ 1st transaction in Indonesia.

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Investment Summary

Date December 15, 2022
Target GarudaFood
Sector Food
Investor(s) Hormel Foods
Sellers(s) CVC Capital Partners
Deal Type Stake Purchase

Target Company

GarudaFood

South Jakarta, Indonesia
GarudaFood is a seller of branded consumer food products. The company has four main product categories: biscuits, snacks, instant beverages and chocolate confectionery which it produces across its five production facilities.
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Investor Overview 1

Investor

Hormel Foods

Austin, Minnesota, United States

Category Company
Founded 1891
Sector Food
Employees20,000
Revenue 11.9B USD (2024)
DESCRIPTION
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.

Hormel Foods is a multinational manufacturer and marketer of consumer-branded food and meat products. Hormel Foods was formed in 1891 and is based in Austin, Minnesota.


Deal Context for Investor #
Overall 17 of 17
Sector: Food 17 of 17
Type: Stake Purchase 1 of 1
Country: Indonesia 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Planters

Glenview, Illinois, United States

The Planters snack nut portfolio includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands. Planters dates back to 1916 and is headquartered in the state of Illinois.

Buy $3.4B

Seller Profile 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


Deal Context for Seller #
Overall 169 of 181
Sector: Food 11 of 11
Type: Stake Purchase 6 of 6
Country: Indonesia 4 of 4
Year: 2022 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-26 April

Lyon, France

April is a wholesale broker for consumer and SME insurance with a mid-sized consumer credit broker and several international subsidiaries. April was formed in 1998 and is based in Lyon, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 PKP Energetyka

Warsaw, Poland

PKP Energetyka is a cross-country electricity distributor to the Polish railway network and to other customers. It also provides nationwide maintenance and emergency response services to the railway network, operates fuel stations for diesel locomotives and is active in electricity reselling. The company owns 20,000km of distribution network and operates a fleet of 100 highly specialized trains and rail equipment across Poland.

Sell zł1.9B

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