M&A Deal Summary |
|
|---|---|
| Date | 2019-05-23 |
| Target | Ice Cream Factory CoMaker S.A. |
| Sector | Food |
| Buyer(s) | The Ferrero Group |
| Sellers(s) | Portobello Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1946 |
| Sector | Food |
| Employees | 34,000 |
| Revenue | 10.5B EUR (2017) |
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 | 6 of 12 |
| Sector: Food M&A | 6 of 12 |
| Type: Add-on Acquisition M&A Deals | 3 of 8 |
| Country: Spain M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 3 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-12 |
Kelsen Group A/S
Nr. Snede, Denmark Kelsen Group A/S is a producer of quality baked snacks that are sold in 85 countries around the world. Kelsen Group A/S primary brands include Kjeldsens and Royal Dansk. Kelsen has established distribution networks in markets in Asia, South America, the Middle East, and Africa as well as the United States. Kelsen Group A/S is a market leader in the assortment segment of the sweet biscuits category in China and Hong Kong, where growth in sweet biscuits is outpacing the growth of the $60 billion global sweet biscuits market. |
Buy | $300M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 2.5B EUR |
| Size | Large |
| Type | Sector Agnostic |
Portobello Capital is a private equity firm focused on acquiring on acquiring middle-market Spanish companies. Portobello prefers unique investment situations where the Firm can step in. These include broken deals, situations where shareholders are misaligned, or complex transactions. Portobello targets businesses valued from €50 to €500 million where the Firm can invest €10 to €100 million. Portobello Capital does not have any sector preferences although the Firm will not invest in financial services, real estate, or IT. Portobello Capital was formed in 2010 and is based in Madrid.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 13 |
| Sector: Food M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 3 of 6 |
| Country: Spain M&A | 7 of 13 |
| Year: 2019 M&A | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-07 |
Iberconsa
Vigo, Spain Iberconsa is a global provider of frozen seafood products, including hake, Argentine red shrimp and squid. The company is vertically integrated across the full value chain, including wild catch, processing, commercialization and distribution. Iberconsa was founded in 1981 and is based in Vigo, Spain. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-25 |
Centauro Rent-A-Car S.L.
Alicante, Spain Centauro Rent-A-Car S.L. is a provider of low-cost car rental services in the Iberian Peninsula, with 15 rental offices across Spain and Portugal. Centauro operates primarily through off-airport locations in the major touristic destinations in the Mediterranean and Portuguese coast. Centauro Rent-A-Car S.L. was founded in 1973 and is based in Alicante, Spain. |
Sell | €130M |
