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M&A Deal Summary

Parcom Acquires Greencore Continental Convenience Foods

On July 15, 2010, private equity firm Parcom acquired distribution company Greencore Continental Convenience Foods from Greencore

Acquisition Highlights
  • This is Parcom’s 1st transaction in the Distribution sector.
  • This is Parcom’s 9th transaction in the Netherlands.

M&A Deal Summary
Date 2010-07-15
Target Greencore Continental Convenience Foods
Sector Distribution
Buyer(s) Parcom
Sellers(s) Greencore
Deal Type Divestiture

Target

Greencore Continental Convenience Foods

Netherlands
Greencore Continental Convenience Foods is a supplier of sandwiches, chilled pizzas and chilled sauces to customers based in Continental Europe. It operates from two facilities located at Liessel and Alphen in The Netherlands.

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Buyer(S) 1

Buyer

Parcom

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Parcom Capital is a Dutch middle-market private equity group focused on opportunities in the Netherlands. The Firm targets companies with €50 to €500 million of revenue and €10 to €50 million of EBITDA. Sectors of interest include oil & gas, industrial, distribution, and manufacturing. Parcom Capital operates as a subsidiary of financial services firm ING and is based in Amsterdam.

DEAL STATS #
Overall 10 of 49
Sector: Distribution M&A 1 of 5
Type: Divestiture M&A Deals 2 of 4
Country: Netherlands M&A 9 of 44
Year: 2010 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 Ammeraal Beltech

Heerhugowaard, Netherlands

Ammeraal Beltech is a manufacturer, distributor and services conveyor belts for a diverse range of applications in light industries, including food processing, automotive, logistics and textiles. Ammeraal Beltech was founded in 1964 and is based in Heerhugowaard, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-22 Draka Holding N.V.

Amsterdam, Netherlands

Draka Holding N.V., through its subsidiaries, engages in the development, production, and sale of cable and cable systems worldwide.

Sell -

Seller(S) 1

SELLER

Greencore

Dublin, Ireland
Category Company
Founded 1991
Sector Food
Employees13,300
Revenue 1.8B GBP (2024)
DESCRIPTION

Greencore Group is a food company, offering sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings. Greencore Group was founded in 1991 and is based in Dublin, Ireland.

DEAL STATS #
Overall 15 of 19
Sector: Distribution M&A 1 of 2
Type: Divestiture M&A Deals 15 of 19
Country: Netherlands M&A 5 of 5
Year: 2010 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-11 Pauls Malt

Bury St Edmunds, United Kingdom

Pauls Malt Ltd. produces and supplies malt products to breweries and distilleries. The company was incorporated in 1906 and is based in Bury St Edmunds, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-07 On a Roll Sales

Brockton, Massachusetts, United States

On A Roll Sales, Inc. manufactures fresh, hand-made sandwiches and food items. Products include sandwiches, wraps, salads, prepared meals and bagel sandwiches.

Buy -
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