Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

Real Deals - Private equity news | Mid Market | Mercapital sinks teeth into Panasa Page 1 of 2

Real Deals
Search Search

News Deals Venture Editor's comment Regulars Features Magazine Events About Subscriptions

Home News Mid Market

Mercapital sinks teeth into By James Harris


Login »
Panasa Tags
Country
Mercapital has acquired Panasa, a producer and Spain Subscribe »
distributor of frozen patisserie products, for €330m. Deal Value

Published 10 March 2011 in Mid Market. 250m - 500m

Region Advanced Deal Search »


Mediterranean

Sector

Food & drink


Daily Newsletter »

Share
Follow us on Twitter »

Forward Features »

Related Articles
Mercapital has acquired Panasa, a producer and distributor of frozen patisserie Mercapital looks to
restructure Gasmedi
products, for €330m.
Axa and Permira take off with
Opodo
Panasa was founded in 1968 and manufactures fresh and frozen bread, sweet
Axa Private Equity fuels
viennoiserie and savoury pastry. The company distributes its products around its portfolio with CLH
retail network of 185 shops around northern Spain and generated revenues of
Private equity bids for Opodo
€210m last year. set to take off

Riverside buys Orliman


The company's subsidiary Berlys sells frozen bakery products and targets 16,000
customers, including artisan bakers, caterers and retailers. The company exports
More from Mid
to around 20 international markets and has 12 production facilities in Spain. Market
Quote of the week
Infinity closes third fund on
Mercapital is not the first private equity firm to invest in the Spanish patisserie $200m
industry. Apax Partners bought doughnut maker Panrico for €900m in 2005. After For the companies that are not in such a strong
Perceva heads for French
reaching a debt burden of €600m, the company was seized by its debt providers helmet maker Shark position I think a more careful approach is going to
be necessary, but at the extremes it looks like the
last year. Private equity returns
rebound in 2010 dogs are going to be dismembered.

Picture: Source Moody’s sounds cov-lite


warning
Michael Berry of Versatus Advisers on the
Mid-market fundraising
bounces back
options available for companies requiring
refinancing

Stat of the week

Forty-three mid-market funds targeting between


€100m and €1bn raised €12bn in 2010, close to
double the €6.5bn raised by 27 funds in 2009.

Source: Acanthus Advisers

Most Popular
Rutland digs GEMS out of a hole

Duke Street noodles in on Wagamama

Index Ventures leads funding round in Onefinestay

Steadfast targets €250m with Fund III

The Real Deals Vulture Awards

http://realdeals.eu.com/mid_market/mercapital-sinks-teeth-into-panasa 10/03/2011
Real Deals - Private equity news | Mid Market | Mercapital sinks teeth into Panasa Page 2 of 2

Upcoming Events
Hogan Lovells & Real Deals: Adapting to a Changing
World: European Private Equity in 2011
24 March 2011

The Real Deals Vulture Awards


Celebrating ten years of The Vulture

7 April 2011, London

The Private Equity Awards 2011


Recognising the best of European private equity

13 April 2011, London

European Mid-Market 2011


Deal origination in the eurozone and beyond

28 October 2011, Hilton Arc de Triomphe Paris

Real Deals in Focus - Healthcare


30 November 2010, London

Recent Video
Real Deals in Focus - Healthcare
Spiralling costs and a tightening public purse: how to make
the healthcare numbers add up

Magazine

10 March 2011 24 February 2011 10 February 2011 27 January 2011 13 January 2011 16 December 2010

© Copyright 2011 Real Deals. Created and published by Caspian Media. All Rights Reserved.

http://realdeals.eu.com/mid_market/mercapital-sinks-teeth-into-panasa 10/03/2011

You might also like