M&A Deal Summary

Monde Nissin Acquires Quorn Foods

On September 30, 2015, Monde Nissin acquired food company Quorn Foods from Exponent Private Equity and Intermediate Capital Group for 550M GBP

Acquisition Highlights
  • This is Monde Nissin’s 1st transaction in the Food sector.
  • This is Monde Nissin’s largest (disclosed) transaction.
  • This is Monde Nissin’s 1st transaction in the United States.
  • This is Monde Nissin’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2015-09-30
Target Quorn Foods
Sector Food
Buyer(s) Monde Nissin
Sellers(s) Exponent Private Equity
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 550M GBP

Target

Quorn Foods

Westport, Connecticut, United States
Quorn Foods trades under the brands Quorn and Cauldron. Quorn is a UK market leader in meat-alternative foods and is one of the largest meat-alternative brands in the world.

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Buyer(S) 1

Buyer

Monde Nissin

Makati City, Philippines

Category Company
Founded 1979
Sector Food
DESCRIPTION

Monde Nissin Corp. manufactures and distributes food products in the Philippines.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 2.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from £150 to £500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.


DEAL STATS #
Overall 11 of 25
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2015) 3 of 4
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 BBI Group

Crumlin, United Kingdom

BBI Group is a provider of immunoassay development and manufacturing services, and provides an extensive portfolio of products and technologies to the global diagnostic market. It provides products and services for the diagnostic, healthcare, research, defense, and food industries globally. BBI Group was formed in 1986 and is based in Crumlin, United Kingdom.

Buy $164M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-20 PhotoBox

London, United Kingdom

Photobox offers a wide range of photo gifting products including photo books, calendars, canvases and wall-art, mugs, gifts, jigsaws, prints and magnets. The company has strong market positions in United Kingdom, France, Spain and Germany as well as other European markets. Photobox serves its key geographical markets through three online brands: Photobox, Hofmann & PosterXXL.

Buy $618M
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 161 of 217
Sector (Food) 6 of 11
Type (Add-on Acquisition) 46 of 67
State (Connecticut) 1 of 1
Country (United States) 8 of 13
Year (2015) 8 of 12
Size (of disclosed) 24 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Tractel

Foetz, Luxembourg

Tractel provides lifting and access-related products. This includes lifting, material handling, measurement of tension and loads, suspended working platforms, building maintenance installations and fall arrest safety equipment. Tractel was founded in 1941 and is based in Foetz, Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-11 CASA Rehabilitation Holding

Oberursel, Germany

CASA Rehabilitation Holding GmbH is a private German provider of elderly care services, specialising in high quality, affordable assisted living.

Sell -