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M&A Deal Summary

KIRKBI Acquires Euro Cater

On December 16, 2021, family office KIRKBI acquired food company Euro Cater from Intermediate Capital Group

Acquisition Highlights
  • This is KIRKBI’s 1st transaction in the Food sector.
  • This is KIRKBI’s 5th transaction in Denmark.

M&A Deal Summary
Date 2021-12-16
Target Euro Cater
Sector Food
Buyer(s) KIRKBI
Sellers(s) Intermediate Capital Group
Deal Type Secondary Buyout

Target

Euro Cater

Svenstrup, Denmark
Euro Cater is a foodservice wholesaler, 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

KIRKBI

Investor Investor Investor

Category Family Office
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KIRKBI is the Kirk Kristiansen family’s holding and investment company. The Firm looks to make long-term investments in real estate and businesses throughout Denmark, the UK, Switzerland, and Germany. KIRKBI is headquartered in Billund, Denmark.

DEAL STATS #
Overall 9 of 11
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 5
Country: Denmark M&A 5 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Armacell

Capellen, Luxembourg

Armacell is a manufacturer of thermal & acoustic elastomeric insulation materials and PET Core Foams. The company manufactures advanced engineered foams that are applied in a wide range of technical applications, including commercial and residential building equipment, as well as equipment and solutions for the wind power, energy, industrials, transport, and sports & leisure sectors. Armacell was formed in 1860 and is based in Capellen, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 BrainPOP

New York, New York, United States

BrainPOP is a digital education brand grounded in research and the science of learning. It has a presence in over two thirds of U.S. school districts and an estimated reach of 25M students annually, as well as an international presence. BrainPOP was founded in 1999 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

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 212 of 225
Sector: Food M&A 12 of 12
Type: Secondary Buyout M&A Deals 79 of 86
Country: Denmark M&A 6 of 6
Year: 2021 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Suanfarma

Alcobendas, Spain

Suanfarma is a provider in developing, producing, and marketing raw materials and finished dosage forms for the pharmaceutical, biotechnological, veterinary, nutritional, and cosmetic sectors. Suanfarma was founded in 1993 and is based in Alcobendas, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-29 Etanco

Le Pecq, France

Etanco is a designer, manufacturer, and distributor of building fastener and fixing systems. Etanco was founded in 1952 and is headquartered in Le Pecq, France.

Sell €725M
Mergr

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