M&A Deal Summary

Yildiz Holding A.S. Acquires United Biscuits

On November 3, 2014, Yildiz Holding A.S. acquired food company United Biscuits from PAI Partners and The Blackstone Group for 2.0B GBP

Acquisition Highlights
  • This is Yildiz Holding A.S.’s 3rd transaction in the Food sector.
  • This is Yildiz Holding A.S.’s 0th largest (disclosed) transaction.
  • This is Yildiz Holding A.S.’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-11-03
Target United Biscuits
Sector Food
Buyer(s) Yildiz Holding A.S.
Sellers(s) PAI Partners
The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 2.0B GBP

Target

United Biscuits

Middlesex, United Kingdom
United Biscuits is a European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre.

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Buyer(S) 1

Buyer

Yildiz Holding A.S.

Istanbul, Turkey

Category Company
Founded 1944
Sector Food
Employees40,000
DESCRIPTION

Yildiz Holding A.S. is a leading global food and beverages company with sales in over 80 countries. Through its subsidiaries, including Ulker Biskuvi and Godiva, Yildiz Holding A.S. produces a range of products, including biscuits, chocolate and chocolate-covered products, margarine and edible oils, beverages, dairy products, culinary products, and baby food.


DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 DeMet s Candy

Stamford, Connecticut, United States

DeMet's Candy Co. manufacturer and marketer of Turtles, Flipz, Treasures, Stixx, and TrueNorth snack brands.

Buy $221M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Örgen Gıda Sanayi ve Ticaret A.Ş.

Güzelbahçe, Turkey

Örgen Gıda Sanayi ve Ticaret A.Ş. is a food company. Örgen Gıda Sanayi ve Ticaret A.Ş. was established in 1981 and is headquartered in Güzelbahçe, Turkey.

Sell TL220M

Seller(S) 2

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 25 of 50
Sector (Food) 6 of 9
Type (Add-on Acquisition) 12 of 18
Country (United Kingdom) 3 of 8
Year (2014) 2 of 2
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 Custom Sensors & Technologies

Moorpark, California, United States

Custom Sensors & Technologies is a specialist in designing and manufacturing sensing, control and motion products, addressing several industrial, transportation and aerospace end-markets.

Buy $900M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Yonderland

Hoboken, Belgium

Yonderland is a speciality retailer of branded outdoor equipment and clothing. The group’s product offering includes biking, trekking, climbing, skiing and camping accessories and casual outdoor clothing across an extensive range of market-leading brands. Yonderland is based in Hoboken, Belgium.

Buy €400M
SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 89 of 173
Sector (Food) 3 of 4
Type (Add-on Acquisition) 32 of 67
Country (United Kingdom) 8 of 17
Year (2014) 6 of 7
Size (of disclosed) 15 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-29 Philadelphia Financial Group

Philadelphia, Pennsylvania, United States

Philadelphia Financial Group is a specialty insurer and administration company. Philadelphia Financial Group was founded in 1988 and is based in Philadelphia, Pennsylvania.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Summit Materials

Denver, Colorado, United States

Summit Materials is a vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and non-residential end markets. Summit Materials was founded in 2009 and is based in Denver, Colorado.

Sell -