M&A Deal Summary |
|
|---|---|
| Date | 2022-12-20 |
| Target | NovaTaste |
| Sector | Food |
| Buyer(s) | PAI Partners |
| Sellers(s) | IFF |
| Deal Type | Divestiture |
| Deal Value | 900M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 16.2B EUR |
| Size | Mega |
| Type | Sector Agnostic |
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 | 85 of 92 |
| Sector (Food) | 16 of 18 |
| Type (Divestiture) | 7 of 7 |
| Country (Austria) | 1 of 1 |
| Year (2022) | 3 of 3 |
| Size (of disclosed) | 15 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-17 |
Perstorp
Malmo, Sweden Perstorp is a provider in the production of specialty chemical additives notably for the coatings and resin industries. Perstorp was founded in 1881 and is based in Malmo, Sweden. |
Sell | €2.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-16 |
La Compagnie des Desserts
Lezignan-Corbieres, France La Compagnie des Desserts is a European producer of frozen desserts and ice creams for the B2B channel (restaurants, cafés, hotels) and foodservice market. La Compagnie des Desserts was founded in 1983 and is based in Lezignan-Corbieres, France. |
Buy | - |
IFF is a provider of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents, and household goods, as well as beverages, sweet goods, and food products. IFF was founded in 1909 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector (Food) | 1 of 1 |
| Type (Divestiture) | 2 of 6 |
| Country (Austria) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-16 |
HWP
Clackamas, Oregon, United States HWP is a contract manufacturer of encapsulated dietary supplements and nutritional products. HWP produces thousands of unique and complex formulas for some of the industry's most trusted and innovative brands. HWP was founded in 1995 and is based in Clackamas, Oregon. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-16 |
IFF - Flavor Specialty Ingredients Business
New York, New York, United States IFF's Flavor Specialty Ingredients Business is a manufacturer of synthetic and natural base aroma chemicals used in the flavor market. IFF's Flavor Specialty Ingredients Business is based in New York City. |
Sell | $220M |
