M&A Deal Summary

Nestlé Acquires PowerBar

On May 26, 2010, Nestlé acquired medical products company PowerBar from TA Associates

Acquisition Highlights
  • This is Nestlé’s 2nd transaction in the Medical Products sector.
  • This is Nestlé’s 7th transaction in the United States.
  • This is Nestlé’s 3rd transaction in California.
Investment Fate
  • PowerBar was divested to a consortium of strategic buyers in 2014.

M&A Deal Summary

Date 2010-05-26
Target PowerBar
Sector Medical Products
Buyer(s) Nestlé
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

PowerBar

Glendale, California, United States
PowerBar was created by athletes, for athletes. Company started PowerBar to help athletes reach their goals by providing nutrition tools for optimum athletic performance.

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Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland

Category Company
Founded 1866
Sector Food
Employees251,786
Revenue 91.7B CHF (2024)
DESCRIPTION

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


DEAL STATS #
Overall 8 of 22
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 15
State: California M&A 3 of 4
Country: United States M&A 7 of 14
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Kraft Foods - North American Pizza Business

United States

Kraft Foods - North American Pizza Business includes the DiGiorno, Tombstone and Jack's brands in the United States, the Delissio brand in Canada and the California Pizza Kitchen trademark license. It also includes two Wisconsin manufacturing facilities (Medford and Little Chute) and the right to take on the leases for the pizza depots and delivery trucks.

Buy $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-17 Waggin Train

Anderson, South Carolina, United States

Waggin' Train is a brand of premium, healthy dog treats made from natural ingredients.

Buy $450M

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 140 of 260
Sector: Medical Products M&A 8 of 13
Type: Add-on Acquisition M&A Deals 78 of 133
State: California M&A 24 of 30
Country: United States M&A 132 of 207
Year: 2010 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-03 Sophos

Abingdon, United Kingdom

Sophos is a provider of information technology security and data protection solutions. Sophos' cloud-native and AI-enhanced solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cybercriminal tactics and techniques, including automated and active-adversary breaches, ransomware, malware, exploits, data exfiltration, phishing, and more. Sophos was founded in 1985 and is based in Abingdon, United Kingdom.

Sell $830M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 eDreams

Barcelona, Spain

eDreams is the online travel agency in Southern Europe. It focuses on offering the best selection of flights, hotels and vacation packages through the use of innovative search, packaging and booking engines via the Internet.

Sell €300M