M&A Deal Summary

The Ferrero Group Acquires Ferrara Candy

On October 18, 2017, The Ferrero Group acquired food company Ferrara Candy from Quilvest Capital Partners and L Catterton Partners

Acquisition Highlights
  • This is The Ferrero Group’s 4th transaction in the Food sector.
  • This is The Ferrero Group’s 2nd transaction in the United States.
  • This is The Ferrero Group’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-10-18
Target Ferrara Candy
Sector Food
Buyer(s) The Ferrero Group
Sellers(s) Quilvest Capital Partners
L Catterton Partners
Deal Type Add-on Acquisition

Target

Ferrara Candy

Round Lake, Minnesota, United States
Ferrara Candy Co., Inc. is a manufacturer and distributor of quality confectionery and gum products, offering full line, full service opportunities to all classes of trade in the United States.

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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 4 of 10
Sector (Food) 4 of 10
Type (Add-on Acquisition) 2 of 6
State (Minnesota) 1 of 1
Country (United States) 2 of 5
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Fannie May Confections Brands

Melrose Park, Illinois, United States

Fannie May Confections Brands, Inc. is a manufacturer and distributor of confectionery and specialty food products in the United States and Canada.

Buy $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Nestlé S.A. - US Confectionary Business

Bloomington, Illinois, United States

Nestlé S.A.'s US Confectionary Business include iconic chocolate brands such as Butterfinger®, BabyRuth®, 100Grand®, Raisinets®, Wonka® and the exclusive right to the Crunch® brand for confectionary and certain categories in the U.S., as well as sugar brands such as SweeTarts®, LaffyTaffy®, and Nerds®.

Buy €2.8B

Seller(S) 2

SELLER

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.

DEAL STATS #
Overall 51 of 68
Sector (Food) 3 of 4
Type (Add-on Acquisition) 19 of 27
State (Minnesota) 1 of 1
Country (United States) 24 of 34
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 5àsec

Geneva, Switzerland

5àSec is a provider of dry-cleaning and textile maintenance services with over 1,730-stores in 31 countries. 5àSec was formed in 1968 and is based in Geneva, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-23 Groupe EDH

Paris, France

Groupe EDH is an independent player in the private higher education sector, operating five reference schools – EFAP (Communication), ICART (Art and Culture Management), EFJ (Journalism), BRASSART (Digital Creation) and CESINE (Design, Marketing and Communication) – across 25 campuses in France and abroad. Groupe EDH was founded in 1961 and is based in Paris, France.

Buy -
SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 46 of 102
Sector (Food) 5 of 10
Type (Add-on Acquisition) 19 of 46
State (Minnesota) 2 of 2
Country (United States) 42 of 76
Year (2017) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 Uncle Julio s

Irving, Texas, United States

Uncle Julio's is a polished casual Mexican restaurant concept that provides customers unique offerings from its made-from-scratch menu. Uncle Julio’s operates 29 restaurants across seven states including Texas, Virginia, Maryland, Illinois, Florida, Georgia, and Tennessee. Uncle Julio's was founded in 1986 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Mendocino Farms

El Segundo, California, United States

Mendocino Farms is a fast-casual restaurant concept with a menu focused on chef-driven sandwiches and salads, featuring local, sustainable ingredients. Mendocino Farms was established in 2005 and is based in El Segundo, California.

Sell -
Mergr

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