M&A Deal Summary

Post Holdings Acquires Weetabix

On April 18, 2017, Post Holdings acquired food company Weetabix from EQT Private Capital Asia and Bright Food for 1.4B GBP

Acquisition Highlights
  • This is Post Holdings’ 7th transaction in the Food sector.
  • This is Post Holdings’ 2nd largest (disclosed) transaction.
  • This is Post Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-04-18
Target Weetabix
Sector Food
Buyer(s) Post Holdings
Sellers(s) EQT Private Capital Asia
Bright Food
Deal Type Add-on Acquisition
Deal Value 1.4B GBP

Target

Weetabix

Kettering, United Kingdom
Weetabix is a manufacturer of cereal and cereal-related products under its own brands and private label, exporting to more than 80 countries and operations in North America, South Africa, Germany and Spain. Weetabix was founded in 1932 and is based in Kettering, United Kingdom.

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Buyer(S) 1

Buyer

Post Holdings

St. Louis, Missouri, United States

Category Company
Founded 1895
Sector Food
Employees11,480
Revenue 7.9B USD (2024)
DESCRIPTION
Post Holdings' corporate headquarters in St. Louis, Missouri.
Post Holdings' corporate headquarters in St. Louis, Missouri.

Post Holdings is a consumer packaged goods holding company, operating in the center-of-the-store, foodservice, ingredient, refrigerated, active nutrition and private label food categories. Post Holdings was founded in 1895 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 11 of 18
Sector: Food M&A 7 of 14
Type: Add-on Acquisition M&A Deals 8 of 13
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Willamette Egg Farms

Canby, Oregon, United States

Willamette Egg Farms LLC is a producer, processor and wholesale distributor of eggs and egg products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Bob Evans Farms

New Albany, Ohio, United States

Bob Evans Farms, Inc. is a producer and distributor of refrigerated potato, pasta and vegetable-based side dishes, pork sausage, and a variety of refrigerated and frozen convenience food items under the Bob Evans and Owens brand names.

Buy $1.5B

Seller(S) 2

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 13 of 32
Sector: Food M&A 2 of 3
Type: Add-on Acquisition M&A Deals 6 of 11
Country: United Kingdom M&A 3 of 6
Year: 2017 M&A 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Horizon Robotics

Beijing, China

Horizon Robotics is a provider of energy-efficient computing solutions for advanced driver assistance systems (ADAS) for consumer vehicles, and NETA Auto. Horizon Robotics was founded in 2015 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Nord Anglia Education

London, United Kingdom

Nord Anglia Education is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Nord Anglia Education was formed in 1972 and is based in London, United Kingdom.

Buy $4.3B
SELLER

Bright Food

Shanghai, China

Category Company
Sector Food
DESCRIPTION

Bright Food develops seed breeding, eco-agriculture, and standard agriculture products, which include milk cow, rice vegetable, pig and aquatic products, and other products. Bright Food is based in Shanghai, China.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Weetabix

Kettering, United Kingdom

Weetabix is a manufacturer of cereal and cereal-related products under its own brands and private label, exporting to more than 80 countries and operations in North America, South Africa, Germany and Spain. Weetabix was founded in 1932 and is based in Kettering, United Kingdom.

Buy -