M&A Deal Summary

Specialty Powders Acquires Phoenix Foods

On August 2, 2012, Specialty Powders acquired food company Phoenix Foods from Endless

Acquisition Highlights
  • This is Specialty Powders’ 1st transaction in the Food sector.
  • This is Specialty Powders’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2012-08-02
Target Phoenix Foods
Sector Food
Buyer(s) Specialty Powders
Sellers(s) Endless
Deal Type Add-on Acquisition

Target

Phoenix Foods

Corby, United Kingdom
Phoenix develops and manufactures a wide range of dry food products to branded retailers and supermarkets.

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Buyer(S) 1

Buyer

Specialty Powders

Tonbridge, United Kingdom

Category Company
Founded 1995
Sector Food
DESCRIPTION

Specialty Powders Limited, doing business as Drytec Contract Processing, provides contract powder processing services to food and pharmaceutical industries.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Endless

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Endless LLP is an independent private equity firm that targets management buyouts and turnaround investment opportunities in a variety of industries. Endless invests in UK based companies with generating sales of £10 to £1000 million. Endless can commit up to £80 million for each transaction in the form of equity and/or debt. Endless will not invest in startups or companies with less than £10 million of sales. Endless was formed in 2005 and has offices in Leeds, Manchester and Solihull.


DEAL STATS #
Overall 9 of 53
Sector: Food M&A 1 of 4
Type: Add-on Acquisition M&A Deals 5 of 32
Country: United Kingdom M&A 9 of 51
Year: 2012 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-11 Bathstore

Ripon, United Kingdom

Bathstore operates as a retailer of bathroom products in the United Kingdom. It operates a network of retail stores that sell bathroom suites, basins, furniture, toilets, baths, taps, showers, heating systems, cabinets, mirrors, lighting, and accessories. The company was incorporated in 1988 and is based in Ripon.

Buy £15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-24 TJ Hughes

Liverpool, United Kingdom

TJ Hughes Plc is specialize in home and fashion, fragrance and cosmetics, technology, and electrical products in the United Kingdom.

Sell -