M&A Deal Summary

Newlat Acquires Symington s

On August 4, 2021, Newlat acquired food company Symington s from ICG

Acquisition Highlights
  • This is Newlat’s 1st transaction in the Food sector.
  • This is Newlat’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-08-04
Target Symington s
Sector Food
Buyer(s) Newlat
Sellers(s) ICG
Deal Type Add-on Acquisition

Target

Symington s

Leeds, United Kingdom
Symington's is a UK manufacturer of branded ambient food, with a strategic focus on convenience and value. Symington's was founded in 1827 and is based in Leeds, United Kingdom.

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Buyer(S) 1

Buyer

Newlat

Reggio Emilia, Italy

Category Company
Founded 2004
Sector Food
Employees9,444
Revenue 1.6B EUR (2024)
DESCRIPTION

Newlat is an Italian company whose core business is carried out in the agri-food sector. It operates by acquiring high-quality Italian brands and plants with great traditions. It operates with both well-known owned brands and third-party brands. Newlat was founded in 2004 and is based in Reggio Emilia, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B 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 208 of 225
Sector: Food M&A 11 of 12
Type: Add-on Acquisition M&A Deals 64 of 69
Country: United Kingdom M&A 54 of 58
Year: 2021 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Infra Group

Temse, Belgium

Infra Group provides design, installation, improvement, and maintenance of distribution networks; and offers full turnkey solutions and services to telecommunications, electricity, gas, heating and water operators and local authorities in Belgium. Infra Group was founded in 1966 and is based in Temse, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Eliem Therapeutics

Redmond, Washington, United States

Eliem Therapeutics is a biotech company developing drugs for neurological disorders. Eliem Therapeutics is based in Redmond, Washington.

Sell -