M&A Deal Summary

Thai Union Group Acquires MW Brands

On July 27, 2010, Thai Union Group acquired food company MW Brands from European Capital and Trilantic Europe for 680M EUR

Acquisition Highlights
  • This is Thai Union Group’s 1st transaction in the Food sector.
  • This is Thai Union Group’s 2nd largest (disclosed) transaction.
  • This is Thai Union Group’s 1st transaction in France.

M&A Deal Summary
Date 2010-07-27
Target MW Brands
Sector Food
Buyer(s) Thai Union Group
Sellers(s) European Capital
Trilantic Europe
Deal Type Add-on Acquisition
Deal Value 680M EUR

Target

MW Brands

Paris, France
website
MW Brands is a vertically integrated manufacturer and distributor of ambient seafood, principally canned tuna. It operates the leading French and UK brands: Petit Navire and John West as well as four production facilities located in Seychelles, Ghana, Portugal and France.

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Buyer(S) 1

Buyer

Thai Union Group

Mueang Samut Sakhon, Thailand

website

Category Company
Founded 1977
Sector Food
Revenue 132.4B THB (2020)
DESCRIPTION

Thai Union Group is a producer of various seafood based food products.Thai Union Group was founded in 1977 and is based in Mueang Samut Sakhon, Thailand.

DEAL STATS #
Overall 1 of 4
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 4
Country (France) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 King Oscar AS

Bergen, Norway

King Oscar is a Norwegian canned seafood manufacturer, best known for its King Oscar Brisling Sardines which have been distributed worldwide for more than a century.

Buy -

Seller(S) 2

SELLER

European Capital

London, United Kingdom

website

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.

DEAL STATS #
Overall 20 of 52
Sector (Food) 2 of 5
Type (Add-on Acquisition) 9 of 16
Country (France) 7 of 19
Year (2010) 4 of 4
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Go Voyages SA

Paris, France

Go Voyages also sells tickets and a full range of travel products (dynamic packages, city breaks, hotels, car hire, cruise, etc.). Each month, Go Voyages and its 1,400 partner sites have almost 12 million different visitors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-27 mydentist

Manchester, United Kingdom

mydentist is a provider of dental treatments for patients through a network of National Health Service(NHS). mydentist was formed in 1996 and is based in Manchester, United Kingdom.

Sell -
SELLER

Trilantic Europe

website

Category Private Equity Firm
PE ASSETS 2.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Trilantic Europe is a private equity firm focused on buyouts and consolidation opportunities of mid-market companies across Western Europe. The Firm focuses on control or co-control situations where it can act as a hands-on investor pursuing growth opportunities and strategies. Sectors of interest include consumer, leisure, industrials, technology, media, communications, business services, and healthcare. The Firm is associated with Trilantic North America and originated from Lehman Brother's merchant banking division in 2009. Trilantic Europe is headquartered in London, England.

DEAL STATS #
Overall 1 of 10
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (France) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Istanbul Doors Restaurant Group

Istanbul, Turkey

Istanbul Doors Restaurant Group is a leading operator of six high-end restaurants and a chain of mid-market casual dining restaurants (“Kitchenette”) in Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Lottomatica

Rome, Italy

Lottomatica is an Italian gaming company, with products that include slot machines and video-lotteries. Lottomatica is based in Rome, Italy.

Buy -
Mergr

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