M&A Deal Summary

India Hospitality Acquires Adelie Foods Group

On April 12, 2012, India Hospitality acquired food company Adelie Foods Group from Duke Street Private Equity for 350M USD

Acquisition Highlights
  • This is India Hospitality’s 1st transaction in the Food sector.
  • This is India Hospitality’s largest (disclosed) transaction.
  • This is India Hospitality’s 1st transaction in the United Kingdom.
Investment Fate
  • Adelie Foods Group was divested to a consortium of buyers in 2015.
  • Adelie Foods Group was sold to a consortium of financial buyers in 2017.
  • Adelie Foods Group went bankrupt in 2020.

M&A Deal Summary
Date 2012-04-12
Target Adelie Foods Group
Sector Food
Buyer(s) India Hospitality
Sellers(s) Duke Street Private Equity
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Adelie Foods Group

Slough, United Kingdom
Adelie Foods Group is a supplier of chilled Food-to-Go, offering a range of products such as sandwiches, salads, and quiche to supermarkets, coffee shops, and the foodservice sector.

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Buyer(S) 1

Buyer

India Hospitality

Grand Cayman, Cayman Islands
Category Company
Sector Leisure
DESCRIPTION

India Hospitality is a hospitality and leisure company.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Adelie Foods Group

Slough, United Kingdom

Adelie Foods Group is a supplier of chilled Food-to-Go, offering a range of products such as sandwiches, salads, and quiche to supermarkets, coffee shops, and the foodservice sector.

Sell -

Seller(S) 1

SELLER

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London.

DEAL STATS #
Overall 26 of 43
Sector (Food) 1 of 2
Type (Add-on Acquisition) 8 of 17
Country (United Kingdom) 14 of 26
Year (2012) 2 of 3
Size (of disclosed) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Laurel Funerals

Wolverhampton, United Kingdom

Laurel Funerals Ltd. is engaged in conducting funeral services. Laurel Funerals was formed in 1995 and is based in Wolverhampton.

Buy £38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Navimo Group SAS

Lorient, France

Navimo Group SAS is a manufacturer and distributor of recreational marine equipment such as accessories for pleasure boats. Navimo Group is based in Lorient, France.

Sell -
Mergr

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