M&A Deal Summary

McCain Foods Acquires Van Geloven

On March 3, 2016, McCain Foods acquired food company Van Geloven from Intermediate Capital Group, TowerBrook Capital Partners and KKR

Acquisition Highlights
  • This is McCain Foods’ 3rd transaction in the Food sector.
  • This is McCain Foods’ 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2016-03-03
Target Van Geloven
Sector Food
Buyer(s) McCain Foods
Sellers(s) Intermediate Capital Group
TowerBrook Capital Partners
KKR
Deal Type Add-on Acquisition

Target

Van Geloven

Tilburg, Netherlands
Van Geloven is a producer of frozen snacks and appetizers in the Benelux market. The company produces various ragouts products (such as croquettes and bitterballs), satay, nasi and bami products (ethnic Indonesian fried rice, respectively, noodle dish) and minced-meat rolls (frikadellen, hamburgers). Van Geloven was formed in 1960 and is based in Tilburg, Netherlands.

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Buyer(S) 1

Buyer

McCain Foods

Toronto, Ontario, Canada

Category Company
Founded 1956
Sector Food
DESCRIPTION

McCain Foods Ltd. is a provider of food products in US.


DEAL STATS #
Overall 3 of 5
Sector: Food M&A 3 of 5
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Netherlands M&A 2 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Lutosa SA

Leuze-en-Hainaut, Belgium

Lutosa SA is a producer of French fries for commercial and institutional catering sector. Lutosa brand, its frozen, chilled and dehydrated potato products, its two production facilities and its associated resources.https://mergr.com/admin/portfolios/update/238036#

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Strong Roots

Dublin, Ireland

Strong Roots is a provider of plant-based, environmentally responsible, frozen vegetable recipes. Strong Roots offers healthy, plant-based frozen food products including Oven Baked Sweet Potato Fries, Roasted Beetroot Wedges, and Kale & Quinoa Burgers. Strong Roots was founded in 2015 and is based in Dublin, Ireland.

Buy -

Seller(S) 3

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 171 of 225
Sector: Food M&A 7 of 12
Type: Add-on Acquisition M&A Deals 49 of 69
Country: Netherlands M&A 8 of 10
Year: 2016 M&A 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Feu Vert

Ecully, France

Feu Vert is a provides network of 450+ maintenance & repair autos centers spread over France, Spain, and Portugal. Feu Vert business covers both the workshop activity which accounts for the bulk of its business, as well as the distribution of car spare parts and accessories. Feu Vert was founded in 1972 and is based in Madrid, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Flowbird Group

Neuilly-sur-Seine, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Sell -
SELLER

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 22.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 27 of 47
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 14 of 22
Country: Netherlands M&A 1 of 2
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 AIM Altitude

Dorset, United Kingdom

AIM Altitude is dedicated to the design and manufacture of precision made lightweight interiors for the aerospace industry. AIM Aviation designs, engineers and manufactures cabin interiors for the world’s major airlines on Airbus, Boeing and military aircraft, from its base in the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Infopro Digital

Gentilly, France

Infopro Digital is a business-to-business (“B2B”) professional information services provider. The Company is active in three divisions: (i) Software, Data & Leads, which provides tailor-made information and decision-making tools delivered through software packages and digital platforms; (ii) Knowledge & Networking, which produces and delivers industry-specific content and solutions (subscriptions, training, events, etc.); and (iii) Global Trade Shows, which organises industry-specific exhibitions for professionals. Infopro Digital was founded in 2001 and is based in Gentilly, France.

Buy -
SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 79 of 215
Sector: Food M&A 5 of 8
Type: Add-on Acquisition M&A Deals 28 of 69
Country: Netherlands M&A 5 of 9
Year: 2016 M&A 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 MFS

Noida, India

MFS offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners. MFS was incorporated in 1988 and is based in Noida, Uttar Pradesh. .

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 Spirox

Arlington, Virginia, United States

Spirox, Inc. is a medical device company that is focused on developing minimally invasive technologies that improve the quality of life for patients with nasal obstruction. Spirox is based in Arlington, Virginia.

Buy -