M&A Deal Summary

Thai Union Group Acquires King Oscar AS

On September 1, 2014, Thai Union Group acquired food company King Oscar AS from Procuritas Capital

Acquisition Highlights
  • This is Thai Union Group’s 2nd transaction in the Food sector.
  • This is Thai Union Group’s 1st transaction in Norway.

M&A Deal Summary

Date 2014-09-01
Target King Oscar AS
Sector Food
Buyer(s) Thai Union Group
Sellers(s) Procuritas Capital
Deal Type Add-on Acquisition

Target

King Oscar AS

Bergen, Norway
King Oscar is a Norwegian canned seafood manufacturer, best known for its King Oscar Brisling Sardines which have been distributed worldwide for more than a century.

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Buyer(S) 1

Buyer

Thai Union Group

Mueang Samut Sakhon, Thailand

Category Company
Founded 1977
Sector Food
Revenue 138.4B THB (2024)
DESCRIPTION

Thai Union Group is a producer of various seafood based food products.Thai Union Group was founded in 1977 and is based in Mueang Samut Sakhon, Thailand.


DEAL STATS #
Overall 2 of 4
Sector: Food M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Norway M&A 1 of 1
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-27 MW Brands

Paris, France

MW Brands is a vertically integrated manufacturer and distributor of ambient seafood, principally canned tuna. It operates the leading French and UK brands: Petit Navire and John West as well as four production facilities located in Seychelles, Ghana, Portugal and France.

Buy €680M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Bumble Bee Foods

San Diego, California, United States

Bumble Bee Foods is a producer and marketer of canned tuna and other seafood and the leader in the premium albacore tuna market. The company sells its broad range of products under the well-known brands Bumble Bee, Clover Leaf and Orleans. Bumble Bee Foods was founded in 1899 and is based in San Diego, California.

Buy $1.5B

Seller(S) 1

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1986 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 11 of 26
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 10
Country: Norway M&A 1 of 3
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 Pierce

Hagersten, Sweden

Pierce is an online retailer of gear, spare parts, and accessories for three key customer segments: motocross (24MX), on-road motorcycles (Xlmoto), and snowmobiles (Sledstore). Pierce was founded in 2009 and is based in Hagersten, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-09 Fidelix Oy

Vantaa, Finland

Fidelix Oy is a provider of building management systems and related building automation products. The company helps Nordic building owners to monitor and control their technical systems (e.g. ventilation, heating, and water), including fault alarms and energy consumption optimization. Fidelix was formed in 2002 and is based in Vantaa, Finland.

Buy -