M&A Deal Summary

Pamplona Capital Management - Private Equity and HarbourVest Partners Acquire Signature Foods Belgium

On December 21, 2020, private equity firms Pamplona Capital Management - Private Equity and HarbourVest Partners acquired food company Signature Foods Belgium from IK Partners and Cerea Partners

Acquisition Highlights
  • This is Pamplona Capital Management - Private Equity’s 3rd and HarbourVest Partners’ 5th transaction in the Food sector.
  • This is Pamplona Capital Management - Private Equity’s 2nd and HarbourVest Partners’ 4th transaction in Belgium.

M&A Deal Summary

Date 2020-12-21
Target Signature Foods Belgium
Sector Food
Buyer(s) Pamplona Capital Management - Private Equity
HarbourVest Partners
Sellers(s) IK Partners
Cerea Partners
Deal Type Secondary Buyout

Target

Signature Foods Belgium

Turnhout, Belgium
Signature Foods Belgium is a producer of chilled spreadable salads and convenience food. Signature Foods Belgium was founded in 2006 and is based in Turnhout, Belgium.

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Buyer(S) 2

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 38 of 41
Sector (Food) 3 of 3
Type (Secondary Buyout) 18 of 21
Country (Belgium) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Infiana

Forchheim, Germany

Infiana develops and produces innovative engineered films for consumer and industry applications. Infiana serves an international customer base from two well-invested manufacturing locations in Forchheim, Germany, and Malvern, USA, with a focus on building and construction (B&C), pressure sensitive materials (PSM), personal care, healthcare, and composites. Infiana has invested in modernizing and expanding its production facilities, streamlining its operations to its core focus areas, including disposals of both the Brazilian and Thailand-based business units.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-02 Parexel

Durham, North Carolina, United States

Parexel is a global provider of clinical research and consulting services to the pharma and biotech industry. Parexel’s services enable the development of innovative new medicines that improve the health of patients across the world. Parexel was founded in 1983 and is based in Durham, North Carolina.

Sell $8.5B
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 210 of 223
Sector (Food) 5 of 5
Type (Secondary Buyout) 52 of 55
Country (Belgium) 4 of 4
Year (2020) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Planview

Austin, Texas, United States

Planview is a provider of IT Governance software solutions to the Global 2000 with applications that help companies optimize the utilization of resources and manage/monitor IT projects. Planview was formed in 1989 and is based in Austin, Texas.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Third Bridge

London, United Kingdom

Third Bridge provides private equity firms, hedge funds, and strategy consultants with the information that they need to understand the value of their investment opportunities. Every month, company receive thousands of requests from clients, who trust to deliver on their most complex information needs. Third Bridge was founded in 2007 and is based in London, United Kingdom.

Buy -

Seller(S) 2

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 90 of 117
Sector (Food) 9 of 11
Type (Secondary Buyout) 34 of 49
Country (Belgium) 6 of 6
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 GeoDynamics

Kortrijk, Belgium

GeoDynamics provides in the development of location-based software solutions. Geodynamics has already equipped 26.000 vehicles from 2.400 customers with high-quality internet-based solutions (like track & trace and time registration) for specific corporate needs with respect to mobile applications, mobile workers and vehicles. GeoDynamics was founded in 2004 and is based in Kortrijk, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Valoria Capital

Paris, France

Valoria Capital is an acquisition platform of independent financial advisors. Valoria Capital offers a diversified range of saving products from a wide panel of asset managers. Valoria Capital was founded in 2012 and is based in Paris, France.

Buy -
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 19 of 23
Sector (Food) 9 of 13
Type (Secondary Buyout) 13 of 15
Country (Belgium) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Olmix

Brehan, France

Olmix is a global specialist in sea-based biotechnologies and green chemistry, producing solutions for the animal nutrition and health (Animal Care) and crop nutrition and health (Plant Care) markets from algae and other natural raw materials. Olmix was founded in 1995 and is based in Brehan, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Plantex

Saint-Michel-sur-Orge, France

Plantex is a producer of botanical extracts. Plantex was founded in 1990 and is based in Saint-Michel-sur-Orge, France.

Buy -