Add-on Acquisition • Food

Smithfield Acquires Mecom Group s.r.o

On February 22, 2021, Smithfield acquired food company Mecom Group s.r.o from Penta Investments

Acquisition Context
  • This is Smithfield’s 27th transaction in the Food sector.
  • This is Smithfield’s 1st transaction in Slovakia.

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M&A Deal Summary

Date February 22, 2021
Target Mecom Group s.r.o
Sector Food
Buyer(s) Smithfield
Sellers(s) Penta Investments
Deal Type Add-on Acquisition

Target Company

Mecom Group s.r.o

Bratislava, Slovakia
Mecom Group s.r.o is a meat-processing plant with the ability to face adverse market developments and to provide its customers and customers with a wide range of top quality products. Mecom was formed in 2008 and is based in Bratislava, Slovakia.
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Buyer Overview 1

Buyer

Smithfield

Smithfield, Virginia, United States

Category Company
Founded 1936
Sector Food
Employees36,500
Revenue 14.1B USD (2024)
DESCRIPTION
Smithfield plant in Clinton, North Carolina.
Smithfield plant in Clinton, North Carolina.

Smithfield Foods is a producer of value?added packaged meats and fresh pork products. The Company distributes under brands such as Smithfield, Eckrich, John?Morrell and Nathan’s?Famous, serving both retail and foodservice markets globally. Smithfield was founded in 1936 and is based in Smithfield, Virginia.


Deal Context for Buyer #
Overall 29 of 29
Sector: Food 27 of 27
Type: Add-on Acquisition 20 of 20
Country: Slovakia 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Kansas City Sausage Company

Kansas, Missouri, United States

Kansas City Sausage Company LLC is a pre-rigor sausage producer and processor for restaurants and distributors. Kansas City Sausage Company LLC was founded in 2008 and is based in Kansas, Missouri.

Buy -

Seller Profile 1

SELLER

Penta Investments

Prague, Czech Republic

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 10.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Penta Investments Ltd. is a private investment firm focused on private equity and real estate. firm specializing in buy-outs and start ups transactions. Penta seeks to invest across Central Europe including Slovakia, Poland, and Czechoslovakia. The Firm targets companies with an average enterprise value of €150 million. Areas of interest includes facility management, aerospace, banking, energy, engineering, entertainment, financing, food processing, healthcare, insurance, investment fund, manufacturing, metal, refinery, retail, telecommunications, textile industry, transportation, wholesale and utilities. Penta Investments Ltd. was formed in 1994 and is based in Prague.


Deal Context for Seller #
Overall 29 of 34
Sector: Food 2 of 3
Type: Add-on Acquisition 11 of 14
Country: Slovakia 13 of 14
Year: 2021 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Petit Press

Bratislava, Slovakia

Petit Press is a publishing company offering a wide range of multimedia projects and services. The company's printed portfolio includes more than 30 central and regional periodicals with a weekly circulation of more than 545,000 copies. Petit Press is based in Bratislava, Slovakia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 AERO Vodochody

Odolena Voda, Czech Republic

AERO Vodochody is an aerospace manufacturer, developing, manufacturing, selling and maintaining aircraft and aerostructures for both civil and military aviation. AERO Vodochody was founded in 1919 and is based in Odolena Voda, Czech Republic.

Sell -

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