M&A Deal Summary

Universal Robina Acquires Griffin s Foods

On July 21, 2014, Universal Robina acquired food company Griffin s Foods from Pacific Equity Partners for 700M NZD

Acquisition Highlights
  • This is Universal Robina’s 1st transaction in the Food sector.
  • This is Universal Robina’s largest (disclosed) transaction.
  • This is Universal Robina’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2014-07-21
Target Griffin s Foods
Sector Food
Buyer(s) Universal Robina
Sellers(s) Pacific Equity Partners
Deal Type Add-on Acquisition
Deal Value 700M NZD

Target

Griffin s Foods

Auckland, New Zealand
website
Griffins is New Zealand's biscuit and snack food company.

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Buyer(S) 1

Buyer

Universal Robina

Quezon City, Philippines

website

Category Company
Founded 1954
Sector Food
Employees11,600
DESCRIPTION

Universal Robina Corporation (URC) is a branded consumer food and beverage product companies in the Philippines and has a significant and growing presence in the ASEAN markets.

DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 3
Country (New Zealand) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-16 Snack Brands Australia

Wetherill Park, Australia

Snack Brands Australia is a provider of snacks and potato chips.

Buy AU$600M

Seller(S) 1

SELLER

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 4.9B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.

DEAL STATS #
Overall 11 of 18
Sector (Food) 3 of 6
Type (Add-on Acquisition) 6 of 11
Country (New Zealand) 4 of 6
Year (2014) 3 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-27 Peters Ice Cream

Victoria, Australia

Peters is an iconic Australian brand. The business has been manufacturing ice cream products in Australia since 1907. Peters holds market leadership positions in both the grocery and route channels, and its products cater to all segments of the market with household brands including Drumstick, Peters Original, Connoisseur and Maxibon.

Sell AU$450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-08 Pinnacle Bakery & Integrated Ingredients

Newington, Australia

Pinnacle Bakery & Integrated Ingredients manufactures and distributes finished backed good, forzen and unbacked specialty products. Pinnacle Bakery & Integrated Ingredients is based in Newington, Australia.

Buy -
Mergr

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