M&A Deal Summary

The Ferrero Group Acquires Burton s Biscuits

On June 1, 2021, The Ferrero Group acquired food company Burton s Biscuits from Ontario Teachers Pension Plan

Acquisition Highlights
  • This is The Ferrero Group’s 9th transaction in the Food sector.
  • This is The Ferrero Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-01
Target Burton s Biscuits
Sector Food
Buyer(s) The Ferrero Group
Sellers(s) Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Burton s Biscuits

Blackpool, United Kingdom
Burton's Biscuits is a biscuit manufacturer which supplies both quality branded and retailer brand biscuits. It owns and bakes important brands such as Maryland, Jammie Dodgers, and Wagon Wheels and also bakes biscuits for major retailers and global brands. Burton's Biscuits was formed in 2000 and is headquartered in St. Albans, UK, Burton’s operates manufacturing sites in Blackpool, Edinburgh, Llantarnam.

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Buyer(S) 1

Buyer

The Ferrero Group

Alba, Italy

Category Company
Founded 1946
Sector Food
Employees34,000
Revenue 10.5B EUR (2017)
DESCRIPTION

The Ferrero Group is a global manufacturer of branded chocolate and confectionery products. Ferrero was established in 1946 and is headquartered in Alba, Italy.


DEAL STATS #
Overall 9 of 10
Sector (Food) 9 of 10
Type (Add-on Acquisition) 5 of 6
Country (United Kingdom) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 Keebler Foods

Elmhurst, Illinois, United States

Keebler Foods Co. is a producer and seller of snack foods including cookies, crackers, crusts, cones, and snack bars. Keebler Foods was formed in 1853 and is based in Elmhurst, Illinois.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 Wells

Le Mars, Iowa, United States

Wells produces more than 200 million gallons of ice cream per year and distributes products in all 50 U.S. states. The company manufactures its signature brand Blue Bunny, Halo Top, the iconic Bomb Pop, and Blue Ribbon Classics. Wells was formed in 1913 and is headquartered Le Mars, Iowa.

Buy -

Seller(S) 1

SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 54 of 72
Sector (Food) 1 of 3
Type (Add-on Acquisition) 21 of 29
Country (United Kingdom) 5 of 7
Year (2021) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Mitratech

Austin, Texas, United States

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Austin, Texas.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Beamery

London, United Kingdom

Beamery is a startup that uses artificial intelligence (AI) technology to help companies attract, engage and retain talent at a global scale. The company gives organizations a single platform to manage the entire talent lifecycle. Its Talent Operating System aggregates and analyzes billions of relevant data points from across the web and the organization’s existing technology, to help quickly identify and prioritize potential candidates that are likely to thrive at their organization; reach diversity targets; provide better learning opportunities and career pathways for existing employees; and understand the skills and capabilities organizations need to build their workforce of the future. Beamery was formed in 2014 and is based in London, United Kingdom.

Buy -