M&A Deal Summary

Kayak Acquires Chillbox

On May 19, 2020, Kayak acquired food company Chillbox from Stage Capital

Acquisition Highlights
  • This is Kayak’s 1st transaction in the Food sector.
  • This is Kayak’s 1st transaction in Greece.

M&A Deal Summary
Date 2020-05-19
Target Chillbox
Sector Food
Buyer(s) Kayak
Sellers(s) Stage Capital
Deal Type Add-on Acquisition

Target

Chillbox

Pallini, Greece
Chillbox is focused on creating, producing, and marketing frozen yogurt. Chillbox was founded in 2011 and is based in Pallini, Greece.

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Buyer(S) 1

Buyer

Kayak

Koropi, Greece
Category Company
Founded 1993
Sector Food
DESCRIPTION

Kayak is a Greek company producing ice cream, Greek Frozen Yogurt and sweets. Kayak’s ice cream is produced using the purest raw materials such as fresh Greek milk, fresh cream, real fruit and nuts. Kayak was founded in 1993 and is based in Koropi, Greece.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Greece) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Stage Capital

London, United Kingdom

Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stage Capital is a private equity firm that seeks investments in middle-market businesses operating in traditional industries serving as the 'backbone' of the economy. The Firm focuses its investment activity across the UK and Europe and looks for opportunities valued between €10 and €15 million where Stage Capital can invest €5 to €25 million. Stage Capital will not invest in start-ups or early stage companies. Stage Capital was formed in 2000 and is based in London with additional offices in Paris and Istanbul.

DEAL STATS #
Overall 17 of 20
Sector (Food) 6 of 6
Type (Add-on Acquisition) 5 of 7
Country (Greece) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Pasta King

Newton Abbot, Devon, United Kingdom

Pasta King (UK) is a provider of healthy pasta meals to the foodservice sector. Pasta King (UK) was founded in 1994 and is based in Devon, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 Kanin wind farm

Poland

Kanin wind farm is located in northern Poland and has a planned capacity of 20MW. Kanin wind farm operates within the green certificate support scheme and has contracts in place guaranteeing power offtake until 2027. The farm has been able to produce up to 50 GWh of energy per year. Located near Darłowo, in the business area of Energa Operator, the wind farm consists of eight turbines with a capacity of 2.5 MW each.

Sell -
Mergr

Product

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