M&A Deal Summary

SEB Acquires WMF Group

On May 24, 2016, SEB acquired consumer products company WMF Group from KKR for 1.6B EUR

Acquisition Highlights
  • This is SEB’s 4th transaction in the Consumer Products sector.
  • This is SEB’s largest (disclosed) transaction.
  • This is SEB’s 2nd transaction in Germany.

M&A Deal Summary

Date 2016-05-24
Target WMF Group
Sector Consumer Products
Buyer(s) SEB
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 1.6B EUR

Target

WMF Group

Geislingen, Germany
WMF Group is a manufacturer of table and kitchenware for private households. In the professional catering sector, WMF is a equipment supplier worldwide with a strong market position particularly in the market for high-quality coffee machines.

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Buyer(S) 1

Buyer

SEB

Ecully, France

Category Company
Founded 1857
Sector Consumer Products
Employees31,338
Revenue 8.0B EUR (2023)
DESCRIPTION

SEB designs, manufactures, and markets cookware and small household appliances worldwide. SEB was founded in 1857 and is based in Ecully, France.


DEAL STATS #
Overall 5 of 14
Sector (Consumer Products) 4 of 7
Type (Add-on Acquisition) 4 of 11
Country (Germany) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 EMSA

Emsdetten, Germany

EMSA GmbH is a designer, manufacturer and sells kitchen tools and accessories. The company's core business is focused on three categories: thermo jugs and carafes; kitchen utensils; and food storage containers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-11 Wilbur Curtis

Montebello, California, United States

Wilbur Curtis Co. manufactures and markets equipment for the preparation of hot and cold beverages, mainly filter coffee and cappuccino machines.

Buy -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 82 of 204
Sector (Consumer Products) 4 of 7
Type (Add-on Acquisition) 31 of 66
Country (Germany) 12 of 16
Year (2016) 5 of 12
Size (of disclosed) 20 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Cotiviti

South Jordan, Utah, United States

Cotiviti is a healthcare service provider that leverages data analytics and technology to limit costs and ensure regulatory compliance for various stakeholders in the healthcare industry, including payors, providers, and employers. Cotiviti was founded in 1996 and is based in South Jordan, Utah.

Buy $820M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-26 US Foods

Rosemont, Illinois, United States

US Foods is a food distributor to restaurants, healthcare and hospitality facilities, government operations and educational institutions. The Company offers more than 350,000 national brand products and our own high-quality private label items ranging from meats to produce to frozen foods. US Foods was founded in 2007 and is based in Rosemont, Illinois.

Sell -