M&A Deal Summary

Nomad Foods Acquires Iglo Foods Holdings

On April 20, 2015, Nomad Foods acquired food company Iglo Foods Holdings from Permira for 2.6B EUR

Acquisition Highlights
  • This is Nomad Foods’ 1st transaction in the Food sector.
  • This is Nomad Foods’ largest (disclosed) transaction.
  • This is Nomad Foods’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-04-20
Target Iglo Foods Holdings
Sector Food
Buyer(s) Nomad Foods
Sellers(s) Permira
Deal Type Add-on Acquisition
Deal Value 2.6B EUR

Target

Iglo Foods Holdings

Feltham, United Kingdom
Iglo Foods Holdings Ltd. is a food company.

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Buyer(S) 1

Buyer

Nomad Foods

Feltham, United Kingdom
Category Company
Founded 2014
Sector Food
Employees6,993
Revenue 3.0B EUR (2023)
DESCRIPTION

Nomad Foods is a frozen foods company that manufactures and sells frozen foods to grocery retailers. Nomad Foods was founded in 2014 and is based in Feltham, England.

DEAL STATS #
Overall 1 of 6
Sector (Food) 1 of 6
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 2
Year (2015) 1 of 2
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-13 Findus Sverige AB

Bjuv, Sweden

Findus Sverige AB is a processing and preserving of fruit and vegetables.

Buy $500M

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 52 of 89
Sector (Food) 2 of 3
Type (Add-on Acquisition) 16 of 30
Country (United Kingdom) 15 of 17
Year (2015) 2 of 4
Size (of disclosed) 7 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-07 Informatica

Redwood City, California, United States

Informatica is an IT company that helps organizations access, integrate and trust all their information assets. Informatica was founded in 1993 and is based in Redwood City, California.

Buy $5.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 New Look Retail Group

London, United Kingdom

New Look Retail Group is a specialty retailer of value fashion apparel and is the second largest womenswear retailer in the UK and now has over 1,000 stores worldwide, in the UK and Republic of Ireland, Europe, the Middle East, Singapore, Russia, and Poland. New Look was founded in 1969 and is based in London, United Kingdom.

Sell £780M
Mergr

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