M&A Deal Summary

PAG Acquires Food Union

On February 8, 2017, asset manager PAG acquired food company Food Union

Acquisition Highlights
  • This is PAG’s 1st transaction in the Food sector.
  • This is PAG’s 1st transaction in Latvia.

M&A Deal Summary
Date 2017-02-08
Target Food Union
Sector Food
Buyer(s) PAG
Deal Type Buyout (LBO, MBO, MBI)

Target

Food Union

Riga, Latvia
Food Union is a provider of ice cream and other frozen treats to consumers in six European countries. Food Union is based in Riga, Latvia.

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Buyer(S) 1

Buyer

PAG

Hong Kong, China

Investor Investor Investor

Category Asset Manager
Founded 2002
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.

DEAL STATS #
Overall 2 of 20
Sector (Food) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 9
Country (Latvia) 1 of 1
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-16 DTZ Holdings

London, United Kingdom

DTZ Holdings is a provider of property services. DTZ provides occupiers and investors with end to end property solutions comprised of leasing agency and brokerage, integrated property and facilities management, capital markets, investment and asset management, valuation, building consultancy and project management. DTZ Holdings was founded in 1784 and is based in London, United Kingdom.

Buy AU$1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Yingde Gases

Shanghai, China

Yingde Gases is a large-scale professional gas company dedicated to China's industrial development. Yingde Gases supply high-quality industrial gas products such as oxygen, nitrogen and argon by means of on-site pipeline and liquid gas supply. Yingde Gases was founded in 2001 and is based in Shanghai, China.

Buy $616M
Mergr

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Company

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