Add-on Acquisition • Food

Thai Union Group Acquires Bumble Bee Foods

On December 18, 2014, Thai Union Group acquired food company Bumble Bee Foods from Lion Capital for 1.5B USD

Acquisition Context
  • This is Thai Union Group’s 3rd transaction in the Food sector.
  • This is Thai Union Group’s largest (disclosed) transaction.
  • This is Thai Union Group’s 1st transaction in the United States.
  • This is Thai Union Group’s 1st transaction in California.
Investment Fate
  • Bumble Bee Foods went bankrupt in 2019 for 925M USD.

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M&A Deal Summary

Date December 18, 2014
Target Bumble Bee Foods
Sector Food
Buyer(s) Thai Union Group
Sellers(s) Lion Capital
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 3 of 4
Sector: Food 3 of 3
Type: Add-on Acquisition 3 of 4
State: California 1 of 1
Country: United States 1 of 2
Year: 2014 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 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.

Sell $925M

Seller Profile 1

SELLER

Lion Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 4.3B EUR
Size Mega
Type Sector Focused
DESCRIPTION

Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.


Deal Context for Seller #
Overall 11 of 25
Sector: Food 3 of 6
Type: Add-on Acquisition 6 of 13
State: California 1 of 4
Country: United States 3 of 8
Year: 2014 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-03 Perricone MD

San Francisco, California, United States

Perricone MD is a provider of premium clinical skin care products. Perricone MD was founded in 1997 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Yonderland

Hoboken, Belgium

Yonderland is a speciality retailer of branded outdoor equipment and clothing. The group’s product offering includes biking, trekking, climbing, skiing and camping accessories and casual outdoor clothing across an extensive range of market-leading brands. Yonderland is based in Hoboken, Belgium.

Sell €400M