M&A Deal Summary

PAI Partners Acquires Labeyrie Fine Foods

On June 16, 2014, private equity firm PAI Partners acquired food company Labeyrie Fine Foods from LBO France and Cerea Partners

Acquisition Highlights
  • This is PAI Partners’ 8th transaction in the Food sector.
  • This is PAI Partners’ 23rd transaction in France.

M&A Deal Summary
Date 2014-06-16
Target Labeyrie Fine Foods
Sector Food
Buyer(s) PAI Partners
Sellers(s) LBO France
Cerea Partners
Deal Type Secondary Buyout

Target

Labeyrie Fine Foods

Saint-Geours de Maremne, France
Labeyrie Fine Foods is a producing upmarket branded food products sold on the French, Dutch, Belgian and Spanish markets. Its product range encompasses three main categories: seafood products (mainly smoked salmon), speciality regional products (mainly foie gras) and blinis & spreadables (taramasalata, guacamole etc.). Labeyrie Fine Foods was formed in 1946 and is based in Saint-Geours de Maremne, France.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 43 of 92
Sector (Food) 8 of 18
Type (Secondary Buyout) 10 of 46
Country (France) 23 of 41
Year (2014) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-11 DomusVi

Suresnes, France

DomusVi is a provider of services to elderly people. It provides a full range of services to 42 000 residents and customers with 315 nursing homes, 16 residential facilities, 5 mental care facilities and 50 home care agencies throughout France, Spain and China. DomusVi was founded in 1983 and is based in Suresnes, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 VPS

Oldham, United Kingdom

VPS is a provider of vacant property products and services across Europe and the US. VPS provides products and services to both public and commercial customers to maintain and preserve vacant properties and to protect such properties against unauthorized access. VPS was founded in 2003 and is based in Oldham, United Kingdom.

Buy -

Seller(S) 2

SELLER

LBO France

Paris, France

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1985
PE ASSETS 5.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

LBO France is an independent private equity group focused on acquiring majority stakes in French firms, or companies with French management. LBO France manages several funds, each targeting different types of businesses. The Firm's mid-market fund looks to acquire majority or minority stakes in companies valued from €100 million to €2.5 billion. The mid-market fund generally looks at companies with predictable sales, profits and cash flow, but will also consider businesses with under-utilized assets. LBO France's small cap fund targets majority stakes in smaller, profitable businesses valued from €10 to €100 million, with strong potential for growth or consolidation. In addition to its equity funds, LBO France also invests in real estate and provides LBO loans issued by medium-sized European companies (enterprise value between €150m and €2bn). LBO France was formed in 1985 and is based in Paris.

DEAL STATS #
Overall 25 of 55
Sector (Food) 4 of 5
Type (Secondary Buyout) 13 of 31
Country (France) 22 of 47
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-13 Déménagement Vaglio

Metz, France

Déménagement Vaglio group operates the Jaumont limestone quarry which encompasses over 150 hectares about 20 kilometers to the west of Metz, France. The two types of limestone extracted are used by the construction industry in the form of aggregate crushed for roads, civil engineering and in the production of concrete. Déménagement Vaglio was founded in 1990 and is based in Metz, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Exxelia International

Paris, France

Exxelia International develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defense, medical and rail, where product reliability and performance are essential. The Group serves institutional clients, systems and equipment manufacturers. Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors, and rotary joints) embedded into a large number of programs including the Airbus A350 and Boeing 787 Dreamliner, the Ariane 6 launcher, satellite constellations (such as Galileo and Oneweb), the Rafale and F-35, subway coaches and high-speed trains and medical equipment such as MRI machines and defibrillators. EXXELIA was founded in 2009 and is based in Paris, France.

Sell €175M
SELLER

Cerea Partners

Neuilly sur Seine, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Cerea Partners is a specialist investment firm focused on investing in and providing finance to agriculture and related sustainable food businesses. Cerea primarily targets companies in Western Europe and looks to invest in companies valued between €20 and €500 million. Prospective transaction situations includes LBOs, LBIs, OBOs, and spin-offs. Cerea Partners was formed in 2004 and is based in Paris, France.

DEAL STATS #
Overall 10 of 23
Sector (Food) 7 of 13
Type (Secondary Buyout) 5 of 15
Country (France) 9 of 20
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 Chesapeake Speciality Chemical Packaging

Old Amersham, United Kingdom

Establihsed in 1987, the speciality chemical packaging division of Chesapeake is a European manufacturer of in-mould fluorinated and other plastic packaging used for transporting and storing goods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 Gault et Fremont

St Pierre des Corps, France

Gault et Fremont is a manufacturer of packaging paper and cardboard destined for bakery - pastry (printing, cutting, folding, gluing). Gault & Frémont was established in 1850 and is based in St Pierre des Corps, France.

Sell -
Mergr

Product

Company

Legal