M&A Deal Summary

Spadel Acquires Devin AD

On December 19, 2016, Spadel acquired beverage company Devin AD from Advent International for 120M EUR

Acquisition Highlights
  • This is Spadel’s 1st transaction in the Beverages sector.
  • This is Spadel’s largest (disclosed) transaction.
  • This is Spadel’s 1st transaction in Bulgaria.

M&A Deal Summary
Date 2016-12-19
Target Devin AD
Sector Beverages
Buyer(s) Spadel
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 120M EUR

Target

Devin AD

Sofia, Bulgaria
Devin AD is a producer and distributor of bottled water in Bulgaria. The company bottles and sells a wide range of products including Devin mineral water, Devin spring water, Devin Air carbonated mineral water, Divna table water, Granini fruit juices and Red Bull energy drinks.

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Buyer(S) 1

Buyer

Spadel

Woluwe-Saint-Lambert, Belgium
Category Company
Sector Beverages
Employees1,310
Revenue 346M EUR (2023)
DESCRIPTION

Spadel is a producer of natural mineral water and refreshing beverages with natural mineral water. Spadel is based in Woluwe-Saint-Lambert, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Bulgaria) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 164 of 222
Sector (Beverages) 4 of 4
Type (Add-on Acquisition) 63 of 82
Country (Bulgaria) 2 of 2
Year (2016) 7 of 7
Size (of disclosed) 43 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 V.Group

London, United Kingdom

V.Group provides mission-critical services to its customers, such as technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions. V.Group was founded in 1984 and is headquartered in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 ASK Group

Mumbai, India

ASK Group is an equity portfolio management service provider, a leading real estate investment manager, and one of the country’s top wealth managers. ASK manages assets of over Rs. 29,480 crore (US$4.4 billion) across seven offices in India and has offices in Dubai and Singapore, catering to its international investor base. ASK Group was founded in 1983 and is based in Mumbai, India.

Buy -
Mergr

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