M&A Deal Summary

Intermediate Capital Group Acquires Euro Cater

On April 23, 2013, mezzanine finance firm Intermediate Capital Group acquired food company Euro Cater from Altor Equity Partners

Acquisition Highlights
  • This is Intermediate Capital Group’s 11th transaction in the Food sector.
  • This is Intermediate Capital Group’s 6th transaction in Denmark.

M&A Deal Summary

Date 2013-04-23
Target Euro Cater
Sector Food
Buyer(s) Intermediate Capital Group
Sellers(s) Altor Equity Partners
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)
Bech-Bruun (Legal)

Target

Euro Cater

Svenstrup, Denmark
Euro Cater is a Nordic foodservice wholesaler, with more than 30 distribution sites across Denmark and Sweden, offering a full range of food products for restaurants, hotels, caterers and other professional kitchens. Euro Cater was founded in 2006 and is based in Svenstrup, Denmark.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 241 of 293
Sector (Food) 11 of 14
Type (Secondary Buyout) 79 of 115
Country (Denmark) 6 of 7
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Orizonia

Palma De Mallorca, Spain

Orizonia Corp. is the leading vertically integrated tour operator in Spain.

Sell $182M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-03 Allflex Europe

Roxburghshire, United Kingdom

Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

Sell $1.4B

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 12 of 43
Sector (Food) 1 of 1
Type (Secondary Buyout) 2 of 12
Country (Denmark) 3 of 5
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Meltwater

San Francisco, California, United States

Meltwater is a provider of online intelligence solutions. Meltwater helps companies make better, more informed decisions based on insights from the outside. More than 25,000 companies use the Meltwater media intelligence platform to stay on top of billions of online conversations, extract relevant insights, and use them to strategically manage their brand and stay ahead of their competition. Meltwater was founded in 2001 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-14 ELIXIA SATS

Oslo, Norway

ELIXIA SATS is a fitness club operator in Norway and Finland with 30 clubs in Norway and 9 in Finland.

Sell -