Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

Work > Food & Beverage Deals > Flashcards

Food & Beverage Deals Flashcards

(61 cards)

Start Studying
1
Q

Minerals Technologies / AMCOL International
Announce / Close dates
Offer price, implied EV, LTM EBITDA, EV/EBITDA

A

3/10/14 // 5/9/14
$42.00/share in cash

EV $1,577m
EBITDA $150m 10.5x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

WAG/AB Step 2

Offer price, implied EV, LTM EBITDA, EV/EBITDA

A 
8/6/2014 // 
Before market open
144.3m WAG shares + £3.1bn cash
Implied EV: $38,212m
EBITDA (8/2014): $2,301m / 16.6x
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

ArcelorMittal and NSSMC / TK Steel USA

EV and multiple

A

11/29/2013 // 2/27/2014
$1,550
No multiple: EBITDA essentially zero at the time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q 
Fiat Industrial CNH
Dates
Offer
Implied EV
LTM EBITDA
Implied LTM Multiple
A

11/26/2012
9/28/2013 CNH Global NV merged into CNH Industrial NV
9/29/2013 Fiat Industrial SpA merged into CNH Industrial NV
9/30/2013 CNH Industrial begins trading on NYSE and Mercato Telematico Azionario (MTA)

3.828 NewCo shares and $10.00 special dividend
at 11/23 FI price of $11.03, implies $52.21 offer price

EV: $9,552
EBITDA (2012): $1,728 / 5.7x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Cutrale-Safra/Chiquita: date, figures

A 
Ann. Date: 10/27/2014
Offer price: $14.50/share in cash (34% premium to 3/7/14, date of Fyffe's announcement)
EV: $1,315m
Sales ~$3.3bn / 0.4x
EBITDA ~$137m 9.6x
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Ajinomoto / Windsor Quality Foods

A

9/10/14 // 11/5/14
$800m
Sales ~$667m / 1.2x
EBITDA $70-$80m / 10-11x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

General Mills / Annie’s

A 
9/8/14 // 10/21/14
$46/share in cash (tender offer, reverse triangular)
$820m
Sales ~$215m / 3.8x 
EBITDA ~$29m / 28.5x
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Lindt + Spruengli / Russel Stover

A

7/14/14 // 9/15/14
>$1,500m
Sales ~$500m / ~3x
EBITDA ~$100m / ~15x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Kainos Capital / Slim-Fast Foods (Unilever)

A

7/10/2014 // 7/10/2014
Terms not disclosed
Unilever to retain minority stake

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Hormel / Cytosport

A

6/30/2014 // 8/12/14
$450m
Sales ~$375m / 1.2x
EBITDA ~$30m / ~15x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Treehouse/Flagstone Foods

A 
From Gryphon Investors
6/30/14 // 7/29/14
$860m
Sales ~$780m / ~1.1x
EBITDA NA
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Tyson Food/Hillshire

A

6/9/14 // 8/28/14
$8,550
Sales ~$4100m / 2.1x
EBITDA ~$512m / 16.7x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Mizkan Group / Ragu (Unilever)

A

5/22/14 // 6/30/14
$2,150m
Sales ~$600m / ~3.6x
EBITDA ~$180m / ~12x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Hillshire Brands/Pinnacle

A 
5/12/14 // (Terminated)
Offer price: $18 cash and .5 Hillshire shares > $36.02 (18% premium to 5/9/14 closing price)
$6,637m
2.7x Sales (~2,500)
13.1x EBITDA (~507)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Mars / IAMS (P+G)

A

4/9/14 // 8/1/14
$2,900m
NA
EBITDA ~$160m / ~18x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Post / Michael Foods (Goldman Sachs Group)

A

4/17/14 // 6/2/14
$2,450m
Sales ~$2,040m / 1.2x
EBITDA ~$255-$270 / 9.1x-9.6x

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Glanbia / thinkThin

A

November 16 2015
$217m (antique)
2.6x sales (nacho)
–

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

TreeHouse / ConAgra Private Label

A

November 2 2015
$2,700 nukes
0.8x safe
9.0x bus

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Snyder’s Lance / Diamond Foods

A

October 28 2015
$1,914 (tuba tree)
2.22x (nanana)
17.8x (duck safe)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Kerry Group / Red Arrow Products, Island Oasis, and Biothera Inc.’s Wellmune Business

A

October 15 2015
735m (camel)
2.44x (snorer)
12.5x (tunnel)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Monde Nissin/Quorn

A

10/1/2015
$832 famine
3.7x sales (mug)
–

Monde Nissin is a Philippines instant noodles maker
Quorn is a British meat subsitute maker - mycoprotein, made from fungus
Sellers were UK-based investment firms Exponent Private Equity and Intermediate Capital Group
Other bidders were Danone, Singapore’s Wilmar International, McCain, Kerry Group
Monde Nissin is owned by Betty Ang, planning an IPO perhaps in 2016; earlier in 2015 bought Australia’s Black Swan (chilled dips) and Nudie (juices)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Arca Continental / Corporacion Lindley

A

September 10 2015

???

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Flowers // Alpine Valley Bread Compnay

A

September 9, 2015
$120m twins
1.3x time
–

Organic bread maker in Mesa, Arizona
two bakeries
90% cash 10% stock
3-year trailing revenue CAGR of ~50%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

WhiteWave // Wallaby Yogurt Company

A

September 7 2015
$125m tunnel
2.8x knife

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Flowers / Dave's Killer Bread
August 12, 2015 $275m (nickel) 1.67x (toe chick) -- (--) DKB based in Oregon Dave's Killer Bread started in the Portland Farmer's Market 100% organic
26
Formation of CCEP
August 6, 2016
27
SunOpta / Sunrise
July 31, 2015 $450m (Rollos) 1.50x (Dallas) Acquired from Paine and Partners Supplier of private label frozen fruit To be financed with debt and equity issuance
28
B+G / Green Giant and Le Sueur
July 3 2015 765 (cudgel) 1.39x (dumbo) 7.8x (coffee)
29
Nomad/Findus
June 24 2015 $779 (K-Cup) 1.19x (Dead bee) 10.9x (Toys bee) Continental European operations of Findus Acquired from Highbridge Principal Strategies, Lion Capital and Sankaty Advisors Sweden, Norway, Finland, Denmark, France, Spain, and Belgium Findus, Lutosa, La Cocinera brands Remaining Findus, including Young's Seafood in the UK to remain with seller Nomad founded early 2014; Martin Franklin and Noam Gottesman; 20% owned by Pershing Square Centerview advised Findus
30
McCormick / Stubb's (One World Foods)
June 24, 2015 $100m (daisies) 3.33x (meemeemee) 10.0 (toys) Barbecue sauce "Authentic, craft brand" growing fast - 20%+ in recent years
31
JBS / Moy Park (Marfrig)
June 22, 2015
32
Campbell / Garden Fresh Gourmet
June 9, 2015 $231 (nomad) 2.31x (nomad) ``` #1 refrigerated salsa brands Also makes hummus etc. ```
33
WhiteWave / Vega
June 9, 2015 $550 (lillies) 5. 50x (lillies) 15. 5x (delilah) - JPM ESTIMATE Vega sold plant-based powdered protein shakes and snack bars; leader in category 20%-30% growth Distributed through Vitamin World/GNC, Whole Foods BAML/Haynes and Boone advised WhiteWave Moelis and Piper Jaffray advised Vega
34
Hormel/Applegate Farms
May 26 2015 $775 giggle 2.28x Nineveh 19.4x (press report on EBITDA) tapir
35
Nomad/Iglo
April 20 2015 3,260 munchies 1.74x Dagger 8.2x Van Acquired from Permira funds, which retained 9% stake Presence in 12 markets with majority of sales in UK, Germany and Italy, where it has leading market shares #1 in European frozen food, over 2x next player (Dr. Oetker; Findus Nestle McCain round out top 5) Fish, vegetables, poultry, meals and other Nomad listed on LSE in conjunction with the transaction and pursuing a primary listing of ordinary shares on NYSE Rolled over a portion of Iglo's existing term loan Bs, with ratings upgrade and reducction in net leverage from 4.5x to 3.5x
36
Heinz/Kraft
March 25 2015 55,318 Lulu motif 3.04x miser 15.3x Doll ohm
37
Smucker / Big Heart Pet Brands
Feb 3 2015 5,800 lava 2.52x Nylon 12.9x Danube
38
Post/MOM Brands
Jan 26 2015 1,150 doodles 1.51x delta 9.6x peach Cash (1.05bn) and stock $50m synergies announced 70-80 one-time costs
39
Thai Union/Bumble Bee Foods
Dec 19 2014 1,510 Deltas 1.51x Delta 10.4x tazer
40
Olam/ADM Cocoa
Dec 15 2014 1,300 time NA 9.5x polo
41
Lactalis do Brasil (Parmalat)/BRF Dairy Products
9/3/14 ~820 vines 0.69x jeep NA 11 dairy plants
42
JBS/Primo
Nov 21 2014 $1,320 demons .91x spot 9.7x bug Primo aka P+M Quality Smallgoods (smallgoods means bacon, sausage, etc small meat products in Australia and NZ) Australian bacon, pork etc Brands: Primo Smallgoods, Hans, Beehive Hunter Valley Quality Meats and Primo Quality Meats In Oct 2011 Affinity Capital bought ~70% stake in Primo 5 mfg plants, 7 dist centers, 30 retail shops in AU and NZ
43
Cott / DSS
Nov 6 2014 1,250 tunnels 1.29x danube 7.1x cat
44
Danone/Yashili
Oct 31, 2014 1,456 tree lich 3.16x medici 25.5x nile oil 437m eur private placement for 25% stake; Mengniu to hold 51% stake Chinese infant milk Danone to recommend CEO expands scope of 2013 strategic alliance among Danone, Mengniu, and COFCO Parties to study possible investment by Yashili in Danone subsidiary Dumex China
45
Snow Phipps/Teasdale
``` Oct 29, 2014 $200m, nooses NA 8.0x vase (nums are all estimates, not public) ``` Snow Phipps private equity firm Teasdale canned hominy and beans Acquired from Palladium (private equity, acquired 2011)
46
SHV/Nutreco
Oct 20, 2014 (initial press release) $4,385 ram fly 0.65x satchel 10.4x dozer SHV one of the largest privately-owned trading companies in the world, owned by ??? Formed in 1896 by merger of 8 dutch coal wholesalers Nutreco Dutch-based international animal nutrition and fish feed Formed in 1994 after Cinven-led buyout of feed and animal nutrition division of BP listed on ASX in 97
47
Coca-Cola / Monster
8/14/14 2.15bn plus asset swap - nadal KO purchased 16.7% stake in Monster KO gives energy portfolio to Monster, Monster non-energy to KO KO to expand NA distribution and become exclusive international dist partner equity accounting for KO 2 directors KO net cash payment of 2.15bn to Monster
48
ADM/WILD flavors
7/7/14 3,124 (meat henry) 2.30x gnomes
49
Grupo Bimbo/Canada Bread
Feb 12 2014 1,376 time cage 1.0x toes 8.6x fudge
50
Sysco/US Foods
Dec 8 2013 8,200 Fonzies 0.37x smaug 9.9x pope
51
ConAgra/Ralcorp
Nov 27 2012 6,821 chive nut 1.58x adolf 8.4x fire
52
Suntory/Beam
1/13/14 $15.8 Adolf 5.01x LSD 20.9x nose bee
53
Del Monte Pacific/Del Monte Foods
10/10/13 $1,675 doge collie 0.93x spam 9.4x bra
54
Berkshire Hathaway and 3G/Heinz
February 14, 2013 $27,981 (nuke Buffet) 2.4x (henry) 13.9x (dumbo)
55
Shuanghui/Smithfield
May 30, 2013 $6,615 (judge tail) 0.4x (sail) 8.8x (FIFA)
56
David Murdock/Dole
June 11, 2013 $1,600 (duchesses) 0.3x (shamu) 10x-11x (toes to tits)
57
Saputo/Morningstar
Dec 3 2012 $1,450 (Darrels) 0.91x spat 9.5x pool Morningstar division of Dean Foods; The deal will give Saputo, one of the world’s biggest dairy companies, its most prominent business in America. Morningstar Foods – not to be confused with Morningstar Farms, the popular maker of vegetarian food – makes Friendship cottage cheese and various private-label dairy products like coffee creamers and ice cream mix.
58
Reckitt Benckiser/Schiff Nutrition
Nov 21 2012 $1,444 Tree roar 3.8x humvee 17.1x duct Vitamins and nutritional supplements
59
Shearer's Foods/Snyder's-Lance Private Brands
May 7 2014 $430 rams 1.5x tail All of SL private brands Contract mfg. cookies and crackers BAML advised SL Shearer's owned by Wind Point
60
Pinnacle/Boulder
November 24 2015 $975 Boggle 1.9x Tape 22.6x ninja
61
Itochu/Dole Packaged Foods
9/13/2012 $1,685 DJ Foil 0.67x sage key 8.9x vape

Work (16 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions