M&A Deal Summary

Pamplona Capital Management - Private Equity Acquires PPF

On April 2, 2015, private equity firm Pamplona Capital Management - Private Equity acquired food company PPF from Advent International for 315M EUR

Acquisition Highlights
  • This is Pamplona Capital Management - Private Equity’s 1st transaction in the Food sector.
  • This is Pamplona Capital Management - Private Equity’s 9th largest (disclosed) transaction.
  • This is Pamplona Capital Management - Private Equity’s 1st transaction in Hungary.
Investment Fate
  • PPF was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2015-04-02
Target PPF
Sector Food
Buyer(s) Pamplona Capital Management - Private Equity
Sellers(s) Advent International
Deal Type Secondary Buyout
Deal Value 315M EUR
Advisor(s) Clearwater International (Financial)
Eversheds LLP (Legal)

Target

PPF

Budaörs, Hungary
Partner in Pet Food (PPF) is a pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Partner in Pet Food was founded in 1999 and is based in Budaörs, Hungary.

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Buyer(S) 1

Buyer

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.


DEAL STATS #
Overall 23 of 41
Sector: Food M&A 1 of 3
Type: Secondary Buyout M&A Deals 9 of 21
Country: Hungary M&A 1 of 1
Year: 2015 M&A 2 of 4
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 Charter Next Generation

Milton, Wisconsin, United States

Charter Next Generation is a manufacturer of highly engineered specialty films focused on high-cost-of-failure applications within food, medical and protective end-markets. The Company offers an extensive portfolio of films with complex resin formulations and multi-layer structures, designed to maintain food freshness, taste and color, extend shelf-life of products, and enhance product use and durability. Charter Next Generation is based in Milton, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Spreemo

New York, New York, United States

Spreemo is a provider of transparency of quality and cost, Its connecting payers and providers online with collaborative workflow tools and we are highlighting the value in quality medicine, ultimately enabling better patient care. Spreemo is based in New York City.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 148 of 230
Sector: Food M&A 6 of 8
Type: Secondary Buyout M&A Deals 37 of 58
Country: Hungary M&A 5 of 5
Year: 2015 M&A 2 of 13
Size (of disclosed) 35 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-24 FSG

Caxias do Sul, Brazil

FSG is one of the largest private higher education companies with operations in Bento Gonçalves, Farroupilha, and Ijuí. The company provides education to more than 10,000 undergraduate and graduate students. FSG was founded in 2003 and is based in Caxias do Sul, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-06 Bojangles

Charlotte, North Carolina, United States

Bojangles is a restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from its Southern recipes, including breakfast served All Day, Every Day. Bojangles was founded in 1977 and is based in Charlotte, North Carolina.

Sell -