M&A Deal Summary

PAI Partners and Nestlé Acquire European Pizza Group

On November 1, 2023, private equity firm PAI Partners and Nestlé acquired food company European Pizza Group

Acquisition Highlights
  • This is PAI Partners’ 19th and Nestlé’s 10th transaction in the Food sector.
  • This is PAI Partners’ 6th and Nestlé’s 2nd transaction in Germany.

M&A Deal Summary

Date 2023-11-01
Target European Pizza Group
Sector Food
Buyer(s) PAI Partners
Nestlé
Deal Type Joint Venture

Target

European Pizza Group

Germany
European Pizza Group specializes in the frozen pizza business in Europe.

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Buyer(S) 2

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B 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 90 of 95
Sector: Food M&A 19 of 19
Type: Joint Venture M&A Deals 2 of 2
Country: Germany M&A 6 of 6
Year: 2023 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 Alphia

Denver, Colorado, United States

Alphia manufactures natural, functional, and organic foods and treats for dogs, cats, fish, and reptiles. With multiple, state-of-the-art manufacturing facilities centrally located in the heart of America’s breadbasket, it serves domestic and international markets with products of the quality standards available. Alphia was founded in 1985 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-27 ELITech Group

Puteaux, France

ELITech Group provides a fully integrated diagnostics platform developing equipment and reagents with strong positions in niche and growing sub-segments of molecular diagnostics, microbiology, and clinical chemistry. It has developed a razor-razorblade model through the placement of diagnostic instruments which provide a resilient revenue stream from reagents, consumables, spare parts, and services. ELITech Group was founded in 1987 and is based in Puteaux, France.

Sell -
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 22 of 22
Sector: Food M&A 10 of 10
Type: Joint Venture M&A Deals 2 of 2
Country: Germany M&A 2 of 2
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Grupo CRM

São Paulo, Brazil

Grupo CRM is a premium chocolate producer with established brands such as Kopenhagen and Chocolates Brasil Cacau and Kop Koffee and has a state-of-the-art manufacturing plant in Extrema, Minas Gerais, in the southeast of Brazil. Grupo CRM is based in São Paulo, Brazil.

Buy -