M&A Deal Summary

Nestlé Acquires Bountiful

On April 30, 2021, Nestlé acquired consumer products company Bountiful from KKR for 5.8B USD

Acquisition Highlights
  • This is Nestlé’s 3rd transaction in the Consumer Products sector.
  • This is Nestlé’s 3rd largest (disclosed) transaction.
  • This is Nestlé’s 13th transaction in the United States.
  • This is Nestlé’s 1st transaction in New York.

M&A Deal Summary

Date 2021-04-30
Target Bountiful
Sector Consumer Products
Buyer(s) Nestlé
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 5.8B USD

Target

Bountiful

Bohemia, New York, United States
Bountiful is a manufacturer, marketer, distributor and retailer of vitamins, nutritional supplements, sports & active nutrition and ethical beauty products. Bountiful was founded in 1971 and is based in Bohemia, New York.

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Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland

Category Company
Founded 1866
Sector Food
Employees270,000
Revenue 93.4B CHF (2023)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.


DEAL STATS #
Overall 18 of 21
Sector (Consumer Products) 3 of 5
Type (Add-on Acquisition) 14 of 15
State (New York) 1 of 1
Country (United States) 13 of 14
Year (2021) 2 of 2
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Simplycook

London, United Kingdom

SimplyCook is an online food business with a vision to make cooking new meals accessible for all by providing a unique product designed to fit in with busy people's lifestyles while taking the pain points out of cooking. SimplyCook was formed in 2013 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Ankerkraut

Jesteburg, Germany

Ankerkraut develops, produces, and sells premium spice blends, mono-spices, tea, Advent calendars, gift sets and plans to launch into sauces in the near future. Ankerkraut was formed in 2013 and is based in Jesteburg, Germany.

Buy -

Seller(S) 1

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 162 of 205
Sector (Consumer Products) 6 of 7
Type (Add-on Acquisition) 55 of 67
State (New York) 7 of 9
Country (United States) 71 of 89
Year (2021) 11 of 21
Size (of disclosed) 9 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 Darktrace

Cambridge, United Kingdom

Darktrace is a provider of cyber defense software that helps enterprises and government bodies protect themselves against advanced attacks and data compromises from within the network. Darktrace's approach allows enterprises to protect their information and intellectual property from state sponsored, criminal groups or malicious employees whom are already inside the networks of every critical infrastructure company. Darktrace combines decades of government cyber threat expertise with world-leading University of Cambridge mathematicians, and software engineers who have experience deploying the largest, most sensitive software. Darktrace was incorporated in 2013 and is based in Cambridge, the United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-02 Natural Pet Food Group

Christchurch, New Zealand

Natural Pet Food provides nutritious high-meat pet food through its dog and cat food brands: K9 Natural, Feline Natural, and Meat Mates. Developed by an in-house nutritional team, the Company’s pet food is produced from ethically sourced ingredients such as grass-fed and free-range meat, cage-free chicken, and sustainable seafood. Natural Pet Food Group was launched in 2006 and based in Christchurch, New Zealand.

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