M&A Deal Summary

Cerea Partners, Indigo Capital SAS and Unigrains Acquire Chocmod

On November 23, 2021, private equity firm Cerea Partners, mezzanine finance firm Indigo Capital SAS and private equity firm Unigrains acquired food company Chocmod

Acquisition Highlights
  • This is Cerea Partners’ 24th, Indigo Capital SAS’s 1st and Unigrains’ 7th transaction in the Food sector.
  • This is Cerea Partners’ 47th, Indigo Capital SAS’s 11th and Unigrains’ 15th transaction in France.

M&A Deal Summary

Date 2021-11-23
Target Chocmod
Sector Food
Buyer(s) Cerea Partners
Indigo Capital SAS
Unigrains
Deal Type Buyout (LBO, MBO, MBI)

Target

Chocmod

Lille, France
Chocmod is a producer of chocolate truffles. Chocmod produces a range of chocolate confectioneries that include chocolate-coated marshmallows and nougat. Chocmod was founded in 1948 and is based in Lille, France.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

Buyer

Cerea Partners

Neuilly sur Seine, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

Cerea Partners is a specialist investment firm focused on investing in and providing finance to agriculture and related sustainable food businesses. Cerea primarily targets companies in Western Europe and looks to invest in companies valued between €20 and €500 million. Prospective transaction situations includes LBOs, LBIs, OBOs, and spin-offs. Cerea Partners was formed in 2004 and is based in Paris, France.


DEAL STATS #
Overall 57 of 72
Sector: Food M&A 24 of 27
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 31
Country: France M&A 47 of 59
Year: 2021 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-22 Continental Bakeries

Dordrecht, Netherlands

Continental Bakeries is a bakery group that specializes in the production and sale of cookies, biscuits, bread replacement products, and snack bases. Continental Bakeries focuses on private label products and a number of great own brands such as Haust, Gille, Grabower, Bussink, Brinky, and Continental Bakeries. Continental Bakeries was founded in 1593 and is based in Dordrecht, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 Uvesco

Irun, Spain

Uvesco is a food retail sector with a differentiated model based on a high-quality product offering. Uvesco was founded in 1993 and is based in Irun, Spain.

Buy -
Buyer
DESCRIPTION

Indigo Capital SAS is an independent investment management firm specializing in the providing junior capital to privately-owned French and European businesses. The Firm focuses on investing into medium-sized businesses across all industry sectors, often for transactions such as management buyouts, corporate acquisitions, expansion or recapitalisation. Indigo will invest alongside leading European private equity firms, as well as management teams and corporates. Indigo Capital was established in 2012 and is headquartered in Paris.


DEAL STATS #
Overall 11 of 11
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
Country: France M&A 11 of 11
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Atlas For Men

Paris, France

Atlas For Men is a company specializing in the omnichannel distance selling of outdoor clothing and accessories for men. Atlas For Men is also a major player in the Internet with its 9 e-commerce sites. Atlas For Men was founded in 1999 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Ubiqus

Paris, France

Ubiqus is an innovative leader, offering a full range of value-added services for meetings and trade shows: writing and transcription, translation, interpreting, voting systems, event software and badges. Ubiqus was founded in 1989 and is based in Paris, France.

Sell -
Buyer

Unigrains

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1963
PE ASSETS 1.2B EUR
Size Large
Type Sector Focused
DESCRIPTION

Unigrains is a private investment group focused on the agri-food and agro-industry sectors. The Firm looks to commit €2 to €100 million for minority positions in Western European companies. Unigrains will consider companies at all stages and looks for opportunities where it can assist with growth and other strategies. Unigrains was established in 1963 and is headquartered in Paris.


DEAL STATS #
Overall 22 of 37
Sector: Food M&A 7 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
Country: France M&A 15 of 28
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Albert

Scandolara di Zero Branco, Italy

Albert is a producer of ingredients for the production of artisanal ice creams and pastry products with special expertise in balanced, homogenized bases and aseptic fruit purees. Albert was founded in 1981 and is based in Scandolara di Zero Branco, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 CARSO

Vénissieux, France

CARSO is a provider of environmental and agrifood analytical services. CARSO offers analyses of dioxins, pesticides, metals, drug residues, organic compounds, bacteria, parasites, viruses, GMOs, BSE tests, asbestos, eco-toxicology, radioactivity, materials in contact with water, physicochemical properties, etc. CARSO was founded in 1992 and is based in Vénissieux, France.

Sell -