M&A Deal Summary

Valeo Foods Acquires Balconi

On May 7, 2015, Valeo Foods acquired food company Balconi from Clessidra Private Equity SGR for 200M EUR

Acquisition Highlights
  • This is Valeo Foods’ 2nd transaction in the Food sector.
  • This is Valeo Foods’ largest (disclosed) transaction.
  • This is Valeo Foods’ 1st transaction in Italy.

M&A Deal Summary
Date 2015-05-07
Target Balconi
Sector Food
Buyer(s) Valeo Foods
Sellers(s) Clessidra Private Equity SGR
Deal Type Add-on Acquisition
Deal Value 200M EUR

Target

Balconi

Nerviano, Italy
website
Balconi S.p.A. - Industria Dolciaria is one of the main Italian players, with a significant presence also in the European market, in the production and distribution of sponge sweet snacks (the company’s core business) and cakes, with over 45,000 tons of products annually sold. The Company sells its products to retail chains and discount stores, mainly with its own brand (“Balconi”) and partially with private label. Balconi has one highly automated production facility in Nerviano (Milan) and has approx. 120 employees.

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Buyer(S) 1

Buyer

Valeo Foods

Dublin, Ireland

website

Category Company
Founded 1845
Sector Food
DESCRIPTION

Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.

DEAL STATS #
Overall 2 of 9
Sector (Food) 2 of 9
Type (Add-on Acquisition) 1 of 6
Country (Italy) 1 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-08 Jacob Fruitfield Food

Dublin, Ireland

Jacob Fruitfield Foods is a Irish food companies on brand protection including trade mark infringement disputes, parallel importation and obtaining search and seizure orders against infringing groceries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 Dolciaria Val D Enza

Canossa, Italy

Dolciaria Val D'Enza is a specialist bakery producing freshly-baked cakes for sale throughout the area in and around Reggio Emilia. Dolciaria Val D'Enza was founded in 1977 and is based in Canossa, Italy.

Buy -

Seller(S) 1

SELLER

Clessidra Private Equity SGR

Milan, Italy

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Clessidra Private Equity is a private equity firm dedicated to investments in medium to large-sized Italian companies. The Firm looks to commit €40 to €100 million in companies valued up to €500 million. Prospective transaction situations include restructurings, take privates, family-owned buyouts, and consolidations.Clessidra Private Equity was formed in 2003 and is based in Milan, Italy.

DEAL STATS #
Overall 3 of 13
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 5
Country (Italy) 3 of 13
Year (2015) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 Roberto Cavalli

Milan, Italy

Roberto Cavalli is a manufacturer of apparel and accessories for men and women. Cavalli has also distributed under the “Just Cavalli” designer brand and through perfume, eyewear, jewellery and hospitality licenses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-29 Arredo Plast

Ormelle, Italy

Arredo Plast SpA works both on a European and an international scale, exporting its products to over 80 different countries. The Italian office and the 3 sales offices in Europe, together with the production site in Canada and the APmedical branch in the United States, are enforcing the penetration of international markets, guaranteeing a significant competitive edge for the Kis APmedical and Dblade brands.

Buy -
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