M&A Deal Summary

The Gores Group Acquires Hovis

On January 27, 2014, private equity firm The Gores Group acquired food company Hovis from Premier Foods

Acquisition Highlights
  • This is The Gores Group’s 1st transaction in the Food sector.
  • This is The Gores Group’s 3rd transaction in the United Kingdom.
Investment Fate
  • Hovis was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2014-01-27
Target Hovis
Sector Food
Buyer(s) The Gores Group
Sellers(s) Premier Foods
Deal Type Divestiture

Target

Hovis

Wycombe, United Kingdom
Hovis operates baking and flour mills. The company produces a wide range of flours and bakery products using a blend of seeds and cereals for the craft and industrial bakers across the UK and Ireland. Hovis was founded in 1886 and is based in Wycombe, United Kingdom.

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Buyer(S) 1

Buyer

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 66 of 74
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 33 of 36
Country: United Kingdom M&A 3 of 3
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 Zmags

Boston, Massachusetts, United States

Zmags is a digital publishing and eCommerce Software-as-a-Service solutions with additional offices in Copenhagen, Denmark and London, United Kingdom. The company’s self-service platform creates immersive brand and commerce experiences across all digital media including tablet, mobile, social and web channels. Zmags is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-04 Melle Gallhöfer Dach

Neuss, Germany

Melle Gallhöfer Dach is a specialty distributor of roofing materials in Germany, maintaining an extensive multi-region branch network with a comprehensive product and service offering and excellent relations with their customers and suppliers. Melle Gallhöfer Dach was formed in 1986 and is based in Neuss, Germany.

Buy -

Seller(S) 1

SELLER

Premier Foods

St Albans, United Kingdom

Category Company
Founded 1975
Sector Food
Employees4,137
Revenue 1.1B GBP (2025)
DESCRIPTION

Premier Foods is a manufacturer and distributer of branded and own label food products in the United Kingdom, other European countries, and internationally. It operates through grocery, sweet treats, and international segments. Premier Foods was founded in 1975 and is based in St Albans, the United Kingdom.


DEAL STATS #
Overall 9 of 9
Sector: Food M&A 8 of 8
Type: Divestiture M&A Deals 7 of 7
Country: United Kingdom M&A 7 of 7
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-06 Elephant Atta Business/ Premier Foods

London, United Kingdom

Elephant Atta is a Westmill Foods flour brand primarily used to make chapatti breads. Westmill Foods is one of Europe’s largest specialist food companies, serving the chefs and owners of Chinese and Indian restaurants and takeaways, as well as a diverse range of Indian, Pakistani, Bangladeshi, Chinese, African and Caribbean consumers.

Sell £34M