M&A Deal Summary

PAI Partners and BCI Acquire Refresco Gerber

On October 25, 2017, private equity firm PAI Partners and asset manager BCI acquired beverage company Refresco Gerber for 2M EUR

Acquisition Highlights
  • This is PAI Partners’ 1st and BCI’s 1st transaction in the Beverages sector.
  • This is PAI Partners’ 30th and BCI’s 10th largest (disclosed) transaction.
  • This is PAI Partners’ 4th and BCI’s 1st transaction in the Netherlands.
Investment Fate
  • Refresco Gerber was sold to a consortium of financial buyers in 2022.

M&A Deal Summary

Date 2017-10-25
Target Refresco Gerber
Sector Beverages
Buyer(s) PAI Partners
BCI
Deal Type Going Private
Deal Value 2M EUR

Target

Refresco Gerber

Rotterdam, Netherlands
Refresco Gerber is a soft-drink company provides fruit juice and soft drinks for retail private labels and ‘in contract’ manufacturing for international A-brands. Refresco Gerber was founded in 1999 and is based in Rotterdam, Netherlands.

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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 55 of 95
Sector: Beverages M&A 1 of 2
Type: Going Private M&A Deals 1 of 2
Country: Netherlands M&A 4 of 4
Year: 2017 M&A 2 of 2
Size (of disclosed) 30 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-17 ADB Safegate

Zaventem, Belgium

ADB Safegate is a provider of intelligent solutions that deliver superior airport performance from approach to departure. ADB Safegate partners with airports and airlines to analyze their current structures and operations, and jointly identify and solve bottlenecks. ADB Safegate portfolio includes solutions and services that harmonize airport performance, tackling every aspect of traffic handling and guidance, from approach, runway and taxiway lighting, to tower-based traffic control systems and intelligent gate and docking automation. ADB Safegate was founded in 1947 and is based in Zaventem, Belgium.

Sell €910M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Kiloutou

Marcq-en-Baroeul, France

Kiloutou is a rental company and a major player in equipment rental in France, the Kiloutou Group provides products and services to a diversified client base: public corporations, construction companies, craftsmen, municipalities, administrations, industries, service companies and SMEs. The Kiloutou group offers the widest product range on the market with more than 1,000 references: access equipment, earthmoving and construction equipment , commercial vehicles and events. Kiloutou was founded in 1980 and is based in Marcq-en-Baroeul, France.

Sell -
Buyer

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 5 of 32
Sector: Beverages M&A 1 of 3
Type: Going Private M&A Deals 1 of 5
Country: Netherlands M&A 1 of 2
Year: 2017 M&A 2 of 2
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Hayfin

London, United Kingdom

Hayfin is an independent investment firm that offers lending solutions to European middle-market companies and asset management services to institutional clients. Hayfin was formed in 2009 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 VeriFone

New York, New York, United States

VeriFone is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone was founded in 1981 and is headquartered in New York, New York.

Buy $3.4B