M&A Deal Summary

Teak Capital Acquires Cerealis

On October 1, 2021, family office Teak Capital acquired food company Cerealis

Acquisition Highlights
  • This is Teak Capital’s 1st transaction in the Food sector.
  • This is Teak Capital’s 1st transaction in Portugal.

M&A Deal Summary

Date 2021-10-01
Target Cerealis
Sector Food
Buyer(s) Teak Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cerealis

Maia, Portugal
Cerealis is one of the major Portuguese groups in the agrifood market, with a strong presence in Portugal and growing internationally. Focused on products that come from cereal processing, Cerealis leads in pasta and industrial flours, while ensuring a wide range of products that include culinary flours, cookies, breakfast cereals and cereal bars, with over 130 different products from different categories, which are sold all over the globe. Cerealis owns the brands Nacional, Milaneza, Harmonia and Concordia. Annually, it produces more than 440 thousand tons of cereals in 5 production centers and has an annual turnover above €335 million. Cerealis was founded in 1919 and is based in Maia, Portugal.

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Buyer(S) 1

DESCRIPTION

Teak Capital is a family-backed multi-strategy investment firm focused on a variety of investments including direct investments in companies as well as fund investments. Sectors of interest include industrial, infrastructure, healthcare, financial services, real estate, and agriculture. Teak Capital was formed in 1997 and is based in Porto, Portugal.


DEAL STATS #
Overall 2 of 4
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: Portugal M&A 1 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-03 Cognita Schools

London, United Kingdom

Cognita Schools operates over 70 schools across 8 countries, educating more than 40,000 children, our schools provide a unique global education that goes beyond grades to develop all-round academic excellence – equipping young people with the confidence and resourcefulness that prepares them to grow, thrive, and find their success in a fast-changing world. Cognita Schools was founded in 2004 and based in London, England.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 Quinta do Vallado

Peso da Régua, Portugal

Quinta do Vallado is one of the oldest and most distinguished farms in the Douro Valley, dedicated to the production, bottling and commercialization of own brand wine and to the wine tourism. Quinta do Vallado has 95ha of vineyards, producing over 25 different wines and is in the wine tourism with the Wine Hotel (Régua) and the Casa do Rio (Foz Côa). Quinta do Vallado was founded in 1716 and is based in Peso da Régua, Portugal.

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