Add-on Acquisition • Food

Mondelez International Acquires Gourmet Food

On May 31, 2021, Mondelez International acquired food company Gourmet Food from CPE Capital for 454M AUD

Acquisition Context
  • This is Mondelez International’s 13th transaction in the Food sector.
  • This is Mondelez International’s 6th largest (disclosed) transaction.
  • This is Mondelez International’s 1st transaction in Australia.

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M&A Deal Summary

Date May 31, 2021
Target Gourmet Food
Sector Food
Buyer(s) Mondelez International
Sellers(s) CPE Capital
Deal Type Add-on Acquisition
Deal Value 454M AUD

Target Company

Gourmet Food

Dandenong South, Australia
Gourmet Food manufactures, imports, and distributes premium crackers, sugar-free biscuits, and chilled and packaged seafood in Australia, New Zealand and other overseas markets. Gourmet Food is based in Dandenong South, Australia.
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Buyer Overview 1

Buyer

Mondelez International

Chicago, Illinois, United States

Category Company
Founded 2000
Sector Food
Employees90,000
Revenue 36.4B USD (2024)
DESCRIPTION

Mondelez International is a multinational confectionery, food, and beverage company. Mondelez was established in 2000 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 15 of 18
Sector: Food 13 of 16
Type: Add-on Acquisition 10 of 12
Country: Australia 1 of 1
Year: 2021 3 of 3
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Chipita

Athens, Greece

Chipita is a manufacturer of packaged croissant and baked snacks, the company has a portfolio of iconic brands that among others include: 7Days, Chipicao, and Fineti. Chipita is based in Athens, Greece.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Grupo Bimbo - Ricolino

Mexico

Ricolino has four manufacturing facilities and distributes its products to several channels, including traditional trade, supermarkets, convenience stores, and others. Its iconic brands Ricolino, Vero, La Corona, and Coronado are leaders in lollipops, marshmallows, chocolates, gummies, and other confectionery products.

Buy $1.3B

Seller Profile 1

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.


Deal Context for Seller #
Overall 23 of 27
Sector: Food 2 of 2
Type: Add-on Acquisition 9 of 11
Country: Australia 21 of 24
Year: 2021 1 of 3
Size (of disclosed) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Banksmeadow Recycling

Banksmeadow, Australia

Banksmeadow Recycling is an independent recycling facility that has been in operation for more than 20 years and is the premier location to tip dry waste originating from the CBD, eastern-suburbs, inner-west, lower-north, southern suburbs, and surrounds. Banksmeadow Recycling is based in Banksmeadow, Australia.

Buy AU$50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Cell Care

Moorabbin, Australia

Cell Care operates a purpose-built, state-of-the-art stem cell laboratory and storage facility. Cell Care is a family cord blood and tissue bank that has been collecting, processing, and storing cord stem cells for over ten years. Cell Care was founded in 2009 and is based in Moorabbin, Australia.

Sell -

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