M&A Deal Summary

TiKa Holding AS Acquires NOWACO A/S

On October 1, 2009, TiKa Holding AS acquired food company NOWACO A/S from Bancroft Private Equity and CCMP Capital

Acquisition Highlights
  • This is TiKa Holding AS’s 1st transaction in the Food sector.
  • This is TiKa Holding AS’s 1st transaction in Denmark.

M&A Deal Summary

Date 2009-10-01
Target NOWACO A/S
Sector Food
Buyer(s) TiKa Holding AS
Sellers(s) Bancroft Private Equity
CCMP Capital
Deal Type Add-on Acquisition

Target

NOWACO A/S

Aalborg, Denmark
Nowaco Central Europe, is a distributor of chilled and frozen food in the Czech Republic, Slovakia, and Hungary to the HoReCa (Hotel, Restaurant, Catering) and retail sectors.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TiKa Holding AS

Aalborg, Denmark

Category Company
Sector Distribution
DESCRIPTION

TiKa Holding A/S engages in frozen food distribution through its subsidiary.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Denmark) 1 of 1
Year (2009) 1 of 1

Seller(S) 2

SELLER

Bancroft Private Equity

Jersey, Channel Islands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bancroft Private Equity is a private equity group focused on Eastern Europe, including Greece, the Balkans, and Turkey. The Firm's latest fund looks to invest €10 to €30 million in mature companies, led by experienced management teams with successful track records. Bancroft only considers majority positions and will consider all industries except real estate, tobacco, gambling, and liquor. Bancroft was originally established in 1989 and is based in Vienna.


DEAL STATS #
Overall 6 of 13
Sector (Food) 1 of 2
Type (Add-on Acquisition) 2 of 7
Country (Denmark) 1 of 1
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-11 Frost s.r.o.

Slovakia

Frost s.r.o., Slovakian ice cream producer based in Presov, founded in 2001. Frost is one of the market leaders in ice cream with particularly strong position in the impulse ice cream segment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-07 Farutex Sp.z.o.o.

Szczecin, Poland

Farutex Sp. z o. o., a Polish food service company, distributing frozen, chilled and dry goods to the HoReCa and retail sectors. Farutex, as the only national food service distribution company, is number one in Poland.

Sell €250M
SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 42 of 78
Sector (Food) 3 of 3
Type (Add-on Acquisition) 12 of 22
Country (Denmark) 1 of 1
Year (2009) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-05 Madisonville Gas Processing

North Zulch, Texas, United States

Madisonville Gas Processing is a collection of assets including a sour gas processing plant and an associated gathering system, located 100 miles north of Houston in Madisonville, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-14 Vitamin Shoppe

Secaucus, New Jersey, United States

Vitamin Shoppe, Inc. is a specialty retailer and direct marketer of vitamins, minerals and nutritional supplements, offering a broad line of products at discounts to list prices. Vitamin Shoppe, Inc. was founded in 1977 and is based in Secaucus, New Jersey.

Sell -