M&A Deal Summary

SEB Acquires Zummo

On July 27, 2022, SEB acquired consumer products company Zummo from Meridia Capital Partners

Acquisition Highlights
  • This is SEB’s 7th transaction in the Consumer Products sector.
  • This is SEB’s 1st transaction in Spain.

M&A Deal Summary

Date 2022-07-27
Target Zummo
Sector Consumer Products
Buyer(s) SEB
Sellers(s) Meridia Capital Partners
Deal Type Add-on Acquisition

Target

Zummo

Valencia, Spain
Zummo is a designer, manufacturer, and commercialization of automatic fresh fruit juice extraction machines, mainly aimed at the food service and food retail segments. Zummo was founded in 1992 and is based in Valencia, Spain.

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Buyer(S) 1

Buyer

SEB

Ecully, France

Category Company
Founded 1857
Sector Consumer Products
Employees32,000
Revenue 8.3B EUR (2024)
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 9 of 15
Sector: Consumer Products M&A 7 of 8
Type: Add-on Acquisition M&A Deals 7 of 12
Country: Spain M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 StoreBound

New York, New York, United States

StoreBound develops housewares focused on better living under brands including Dash, Sobro, Chef Geoffrey Zakarian and others, and distributes its products through top-tier US retailers off-line et on-line. StoreBound has built the largest organic social media following in the US industry, attracting notably over 1-million Instagram followers, earned billions of marketing impressions, and product distribution in North & South America, Europe, and Asia. The company has launched over 200 products through a strong omnichannel distribution model, combining offline retail, e-commerce, and social media. StoreBound was formed in 2010 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 I-TEN

Dardilly, France

I-TEN is a manufacturer of micro-batteries that suit every situation, with full control over the production chain from eco-design to manufacturing. I-TEN is based in Dardilly, France.

Buy -

Seller(S) 1

SELLER

Meridia Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Meridia Capital Partners is a private investment firm focused on making real estate and direct private equity investments throughout Spain. Meridia's real estate group targets a variety of assets across all real estate segments with a particular focus on properties in Madrid and Barcelona. Meridia's private equity group looks to acquire majority or minority positions in companies with proven business models and strong growth prospects. Meridia Capital Partners was formed in 2006 and is headquartered in Barcelona.


DEAL STATS #
Overall 5 of 5
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: Spain M&A 5 of 5
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 Fútbol Emotion

Zaragoza, Spain

Fútbol Emotion is a multi-channel specialist retailer of football equipment with online sales in over 50 countries around the world and a network of 18 stores in Spain. Futbol Emotion was formed in 2001 and is headquartered in Zaragoza, Spain.

Sell -