M&A Deal Summary

PAI Partners and Nestlé Acquire Froneri

On October 5, 2016, private equity firm PAI Partners and Nestlé acquired food company Froneri

Acquisition Highlights
  • This is PAI Partners’ 9th and Nestlé’s 6th transaction in the Food sector.
  • This is PAI Partners’ 7th and Nestlé’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-10-05
Target Froneri
Sector Food
Buyer(s) PAI Partners
Nestlé
Deal Type Joint Venture

Target

Froneri

North Yorkshire, United Kingdom
Froneri is an ice cream manufacturer in Europe. The Company manufactures a broad range of primarily private-label ice cream products across the UK, France, Italy, and Germany. Froneri was founded in 2016 and is based in North Yorkshire, United Kingdom.

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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 52 of 95
Sector: Food M&A 9 of 19
Type: Joint Venture M&A Deals 1 of 2
Country: United Kingdom M&A 7 of 15
Year: 2016 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 R&R Ice Cream

Northallerton, United Kingdom

R&R Ice Cream Plc is a producer and supplier of own-label ice cream with a strong branded portfolio including Nestlé, Skinny Cow, YooMoo frozen yogurt, Kelly's of Cornwall and Disney.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Azets

London, United Kingdom

Azets is an international accounting, tax, audit, advisory and business services group supporting entrepreneurial businesses and their owners and managers in achieving long term, sustainable success through the provision of critical business support, BPO and advisory services. Azets was founded in 2016 and is based in London, United Kingdom.

Buy -
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 11 of 22
Sector: Food M&A 6 of 10
Type: Joint Venture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 Davigel SAS

Dieppe, France

Davigel SAS is a manufacturer and distributor of meat products such as Ham, Sausages, Veal and lamb meat, and ready meals. The company was founded in 1963 and is based in Dieppe, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Blue Bottle Coffee

Oakland, California, United States

Blue Bottle Coffee is a speciality coffee roaster founded in Oakland, California.

Buy -