M&A Deal Summary

SkinnyPop Acquires Tyrrells Potato Crisps

On August 8, 2016, SkinnyPop acquired food company Tyrrells Potato Crisps from Investcorp for 300M GBP

Acquisition Highlights
  • This is SkinnyPop’s 3rd transaction in the Food sector.
  • This is SkinnyPop’s largest (disclosed) transaction.
  • This is SkinnyPop’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-08-08
Target Tyrrells Potato Crisps
Sector Food
Buyer(s) SkinnyPop
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Deal Value 300M GBP
Advisor(s) Houlihan Lokey (Financial)
Shearman & Sterling (Legal)

Target

Tyrrells Potato Crisps

Leominster, United Kingdom
Tyrrells Potato Crisps Ltd. is a diversified, international snacking company that manufactures and markets iconic, market-leading brands including Tyrrells Potato Crisps®, Tyrrells branded Vegetable Crisps, Tyrrells Poshcorn®, Tyrrells Nibbles®, Tyrrells Tortillas®, in the United Kingdom, Europe and many other international markets; Yarra Valley, manufacturer of Thomas Chipman and The Wholesome Food Company brands in Australia; and Aroma Snacks, manufacturer of Lisa’s kettle chips in Germany.

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Buyer(S) 1

Buyer

SkinnyPop

Austin, Texas, United States
Category Company
Founded 2010
Sector Food
Employees550
Revenue 271M USD (2016)
DESCRIPTION

Amplify Snack Brands, Inc. (dba SkinnyPop) is a marketer of packaged popcorn products. Amplify Snack Brands was founded in 2010 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (United Kingdom) 1 of 1
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 Boundless Nutrition

Austin, Texas, United States

Boundless Nutrition is a manufacturer and distributor of Oatmega® bars and Perfect Cookie™ products in the natural, grocery, mass and foodservice sales channels across the U.S.

Buy -

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 81 of 106
Sector (Food) 1 of 1
Type (Add-on Acquisition) 38 of 46
Country (United Kingdom) 11 of 14
Year (2016) 8 of 9
Size (of disclosed) 22 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Polyconcept

Roelofarendsveen, Netherlands

Polyconcept supplies a wide range of promotional, lifestyle and gift products to more than 10,000 advertising distributors across Europe, as well as to various retail channels. End-users range from large corporations to small enterprises and consumers. Polyconcept was founded in 1973 and is based in Roelofarendsveen, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 TimePartner

Hamburg, Germany

TimePartner is a provider of high standing and highly qualified temporary workers for commercial and technical professions. TimePartner was founded in 2004 and is based in Hamburg, Germany.

Sell -
Mergr

Product

Company

Legal