CVC Capital Partners Agrees to Acquire La Piadineria from Permira

CVC Acquires Majority Stake in Partner in Pet Food from Cinven

June 28, 2024

Food & Beverage

CVC Capital Partners (CVC) has agreed to acquire a majority stake in Partner in Pet Food (PPF), a pan‑European pet food manufacturer, with existing investor Cinven retaining a minority stake and continuing as a partner. PPF operates 12 production facilities across Europe, produced ~700k tonnes and generated approximately €800 million in 2023; the transaction is expected to close in 2024 subject to regulatory approvals.

CVC Acquires Grupo Monbake from Ardian and Co-investors

March 26, 2024

Food & Beverage

CVC funds have acquired the entire stake in Grupo Monbake from Ardian and its co-investors Alantra, Artá and Landon. The private markets manager will partner with Monbake's existing management to drive global expansion and strengthen the group's innovation and production capabilities in the frozen dough and bakery sector. Transaction financial terms were not disclosed.

Ergon Capital Acquires Majority Stake in Dolciaria Acquaviva

July 31, 2019

Food & Beverage

Ergon Capital IV SCSP (Ergon) has acquired a majority stake in Dolciaria Acquaviva from the Acquaviva family, with family members reinvesting alongside Ergon. Dolciaria Acquaviva is an Italian leader in frozen bakery products based in Gricignano di Aversa (Caserta), employs about 100 people, serves over 20,000 primarily Ho.Re.Ca customers nationwide, and will pursue accelerated growth and consolidation supported by Ergon.

Cinven Acquires Majority Stake in Restaurant Brands Iberia

July 28, 2021

Restaurants & Hospitality

International private equity firm Cinven has agreed to acquire a majority stake in Restaurant Brands Iberia (RB Iberia) in a transaction valued at more than €1 billion. RB Iberia — the master franchisee for Burger King in Spain and Portugal and for Popeyes and Tim Hortons in Spain — will retain its founders and Burger King Europe as minority shareholders and will continue to be led by the incumbent management team as Cinven backs growth and further restaurant expansion across Iberia.

PAI Partners Acquires La Compagnie des Desserts

February 16, 2023

Food & Beverage

PAI Partners has agreed to acquire La Compagnie des Desserts (LCDD), a leading premium frozen desserts supplier to the food service market, from Argos Wityu with Credit Mutuel Equity exiting. PAI will partner with LCDD to build a pan‑European leader by gaining market share, optimising its footprint and accelerating international expansion organically and via acquisitions.

Benford Capital Partners Acquires Turri's Italian Foods

August 5, 2024

Food & Beverage

Chicago-based private equity firm Benford Capital Partners has acquired Turri's Italian Foods, a Michigan-based maker of IQF (individually quick frozen) pasta and rice. The Turri family will remain in leadership, and Benford plans to invest in production capacity and capabilities while pursuing add-on acquisitions to grow the business.