M&A Deal Summary

Koninklijke Ahold Delhaize Acquires Profi

On October 30, 2023, Koninklijke Ahold Delhaize acquired retailer Profi from Mid Europa Partners and HarbourVest Partners for 1.3B EUR

Acquisition Highlights
  • This is Koninklijke Ahold Delhaize’s 7th transaction in the Retail sector.
  • This is Koninklijke Ahold Delhaize’s 2nd largest (disclosed) transaction.
  • This is Koninklijke Ahold Delhaize’s 1st transaction in Romania.

M&A Deal Summary

Date 2023-10-30
Target Profi
Sector Retail
Buyer(s) Koninklijke Ahold Delhaize
Sellers(s) Mid Europa Partners
HarbourVest Partners
Deal Type Add-on Acquisition
Deal Value 1.3B EUR

Target

Profi

Timisoara, Romania
Profi is a supermarket chain in Romania, operating 65 stores in 47 Romanian cities. Profi is the modern retail network with the largest geographical expansion in Romania. Profi was founded in 2000 and is based in Timisoara, Romania.

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Buyer(S) 1

Buyer

Koninklijke Ahold Delhaize

Zaandam, Netherlands

Category Company
Founded 1867
Sector Retail
Employees400,000
Revenue 88.6B EUR (2023)
DESCRIPTION

Koninklijke Ahold Delhaize is an international retailing group. Ahold is built on a solid foundation, with strong and trusted local consumer brands, millions of loyal customers, leadership in our markets and proud associates. Operating supermarkets and selling great food has been our core business for over 125 years. Koninklijke Ahold Delhaize was founded in 1887 and is based in Zaandam, the Netherlands.


DEAL STATS #
Overall 11 of 11
Sector (Retail) 7 of 7
Type (Add-on Acquisition) 10 of 10
Country (Romania) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Adhese

Gentbrugge, Belgium

Doggybites is a provider of an advertising technology company. Doggybites is based in Gentbrugge, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 FreshDirect

Long Island City, New York, United States

FreshDirect is an online grocer, that delivers fresh/quality foods to residences and offices in the New York City and Philadelphia Metropolitan Areas. FreshDirect was founded in 1999 and is based in Long Island City.

Sell -

Seller(S) 2

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 28 of 28
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 18 of 18
Country (Romania) 2 of 2
Year (2023) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Kent Hospital Group

Izmir, Turkey

Kent Hospital Group operates a hospital. It offers services in the areas of aesthetic and plastic surgery, anesthesia and reanimation, cardiology, cardiovascular surgery, emergency medicine, gastroenterology, general surgery, internal medicine, in-vitro fertilization center, laboratory, neurology, neurosurgery, nuclear medicine, nursing, nutrition and dietetics, ophthalmology, organ transplantation, orthopedics and traumatology, pediatric surgery, pediatrics, physical therapy and rehabilitation, radiology, rheumatology, and urology. Kent Hospital Group was founded in 2004 and is based in Izmir, Turkey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 FAMAR Health Care Services

Athens, Greece

FAMAR Health Care Services provides a full-service offering across the CDMO value-chain, with broad capabilities across multiple dosage forms including sterile, solids, semi-solids, and R&D services. FAMAR Health Care Services was founded in 1949 and is based in Athens, Greece.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 127 of 132
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 54 of 57
Country (Romania) 1 of 1
Year (2023) 5 of 6
Size (of disclosed) 16 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Horizon

Columbus, Ohio, United States

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.

Sell $385M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 EA Pharma

Vallauris, France

EA Pharma is a pharmaceutical company specialized in production and distribution of drugs, food supplements, and cosmetics. EA Pharma was formed in 2006 and is based in Vallauris, France.

Sell -