M&A Deal Summary

Imperial Brands Acquires Rizla UK

On January 1, 1997, Imperial Brands acquired consumer products company Rizla UK from Cinven and CVC Capital Partners

Acquisition Highlights
  • This is Imperial Brands’ 1st transaction in the Consumer Products sector.
  • This is Imperial Brands’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 1997-01-01
Target Rizla UK
Sector Consumer Products
Buyer(s) Imperial Brands
Sellers(s) Cinven
CVC Capital Partners
Deal Type Add-on Acquisition

Target

Rizla UK

Bristol, United Kingdom
Rizla was the world’s largest manufacturer of cigarette papers for the roll-your-own market.

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Buyer(S) 1

Buyer

Imperial Brands

Bristol, United Kingdom

Category Company
Founded 1901
Sector Consumer Products
Employees25,600
Revenue 32.4B GBP (2024)
DESCRIPTION

Imperial Brands is a consumer goods company that offers a range of cigarettes, tobacco accessories, vapor, heated tobacco, and oral nicotine. Imperial Brands was founded in 1901 and is based in Bristol, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 1997 M&A 1 of 1

Seller(S) 2

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 38 of 130
Sector: Consumer Products M&A 3 of 4
Type: Add-on Acquisition M&A Deals 5 of 33
Country: United Kingdom M&A 35 of 73
Year: 1997 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Oxoid Holdings

Basingstoke, United Kingdom

Oxoid Holdings Limited was a leading, vertically integrated European microbiology business. The company developed, manufactured and distributed a range of high quality media cultures and related products required for microbiological diagnosis in the clinical, food and beverage industries worldwide. Oxoid was headquartered in Basingstoke, England where the majority of products were manufactured. There were also plants in Germany, Canada and Scotland.

Buy £85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-01 Frida Alimentaria S.A.

Barcelona, Spain

Frida was Spain?s leading manufacturer of frozen pastries, buns and croissants. The Spanish market in frozen bakery products had demonstrated several years of strong growth and the favourable market dynamics strongly supported the potential for future growth. Cinven invested in the business in 1995, backing the founder and existing owner of Frida.

Sell -
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 STATS #
Overall 10 of 181
Sector: Consumer Products M&A 2 of 11
Type: Add-on Acquisition M&A Deals 3 of 69
Country: United Kingdom M&A 10 of 34
Year: 1997 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Dutton Forshaw Motor Co.

Manchester, United Kingdom

Dutton Forshaw serves as a large dealer group offering new and used vehicles from major manufacturers. The company offers to source dealers by franchise or location.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-04-01 Meneba Meel BV

Rotterdam, Netherlands

Meneba is a European producer of grain derived products for processing in food and non-food applications like baby food, breakfast drinks, bakery ingredients and animal feed ingredients.

Buy -