M&A Deal Summary

PAI Partners Acquires Ecotone

On April 10, 2019, private equity firm PAI Partners acquired food company Ecotone for 885M EUR

Acquisition Highlights
  • This is PAI Partners’ 10th transaction in the Food sector.
  • This is PAI Partners’ 11th largest (disclosed) transaction.
  • This is PAI Partners’ 31st transaction in France.

M&A Deal Summary
Date 2019-04-10
Target Ecotone
Sector Food
Buyer(s) PAI Partners
Deal Type Going Private
Deal Value 885M EUR
Advisor(s) Lazard Ltd. (Financial)
Allen & Overy (Legal)

Target

Ecotone

Saint Genis Laval, France
Ecotone is a multinational food company focused on providing sustainable and organic food to people with operations in Europe and North America. Ecotone was formed in 1765 and is based in Saint Genis Laval, France.

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Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.

DEAL STATS #
Overall 63 of 92
Sector (Food) 10 of 18
Type (Going Private) 2 of 2
Country (France) 31 of 41
Year (2019) 2 of 4
Size (of disclosed) 11 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Areas

Barcelona, Spain

Areas engages in the travel catering and retail industry. Areas welcome 330 million customers each year in 2,000 restaurants and points of sale in 13 countries, throughout Europe as well as in the USA, Mexico, and Chile. Areas is based in Barcelona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Groupe B&B Hotels Sas

Cedex, France

Groupe B&B Hotels Sas is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers.

Sell -
Mergr

Product

Company

Legal