M&A Deal Summary

The Brakes Group Acquires Menigo Foodservice AB

On March 3, 2010, The Brakes Group acquired food company Menigo Foodservice AB from Nordic Capital

Acquisition Highlights
  • This is The Brakes Group’s 1st transaction in the Food sector.
  • This is The Brakes Group’s 1st transaction in Sweden.

M&A Deal Summary

Date 2010-03-03
Target Menigo Foodservice AB
Sector Food
Buyer(s) The Brakes Group
Sellers(s) Nordic Capital
Deal Type Add-on Acquisition

Target

Menigo Foodservice AB

Stockholm-Globen, Sweden
Menigo is a leading Swedish food service company. It serves 20,000 customers with daily deliveries of frozen, chilled, colonial goods, fresh fruit and vegetables and fresh meat. Menigo operates from six warehouse locations in Sweden.

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Buyer(S) 1

Buyer

The Brakes Group

Kent, United Kingdom

Category Company
Founded 1958
Sector Food
Employees10,000
DESCRIPTION

The Brakes Group is a provider of poultry to caterers in Great Britain.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 29 of 80
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 12 of 25
Country: Sweden M&A 18 of 41
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-06 Master Marine

Oslo, Norway

Master Marine is an offshore energy service company, specializing in accommodation, transportation and installation of heavy structures for the oil, gas and offshore wind power industries. Currently the company has two Service Jack vessels under construction at the Drydocks World yard in Indonesia. Master Marine was founded in 1997 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Handicare Group AB

Stockholm, Sweden

Formed in 1986, Handicare offers solutions to increase the independence of disabled or elderly people and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting, and repositioning aids and vehicle adaptations. Handicare is a global company with sales in some 40 countries and is one of the market leaders in this field. Its head office is in Stockholm, Sweden, and manufacturing and assembly are located at four sites distributed across North America, Asia, and Europe.

Buy -