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KKR, Centerview Partners, Vestar Capital
Partners |
: |
Del Monte Foods |
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Dealogic Deal # : |
716726 |
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Data as of : |
11/26/2010 |
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Target |
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Acquiror |
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Dates & Values |
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Del
Monte Foods |
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KKR,
Centerview Partners, Vestar Capital Partners |
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Target: |
100 |
% stake |
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Buying: |
100 |
% stake |
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Rumored |
18th Nov 2010 |
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Deal Value $m |
5,240.0 |
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NY |
DLM |
194 |
m shares outstanding |
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Public (Listed) |
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Announced |
25th Nov 2010 |
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Value ex Debt $m |
3,935.3 |
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United States |
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United States |
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Food & Beverage |
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Finance |
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Expected |
1Q 2011 |
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Consideration |
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Barclays Capital |
Advisor |
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Centerview Partners |
Advisor |
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Completed |
- |
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Barclays Capital |
Fairness Opinion |
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JP Morgan | Advisor |
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Perella Weinberg |
Fairness Opinion |
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Morgan Stanley | Advisor |
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Withdrawn |
- |
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Gibson Dunn | Attorney |
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BOA Merrill Lynch |
Advisor |
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Simpson Thacher |
Attorney |
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Termination Fee, Target $m |
tbd |
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Termination Fee, Acquiror $m |
tbd |
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Financials |
1st Aug 2010 |
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Balance Sheet |
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Debt/Equity: |
1.4 |
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Timeline Events |
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Premiums & Multiples |
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Initial Offer |
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$19.00 |
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Current Offer |
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$19.00 |
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Income Statement |
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Cash Flows |
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Operations $m |
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382 |
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Profitability |
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Profit Margin |
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10% |
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Return on Equity |
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14% |
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League Table Impact |
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Sector Trend |
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2010 YTD Announced Global M&A by Deal
Value, $bn |
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Monthly Announced Global M&A, $bn: |
Food & Beverage |
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1 |
Morgan Stanley |
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504.6 |
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2 |
Goldman Sachs |
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484.4 |
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3 |
JPMorgan |
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419.2 |
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4 |
Credit Suisse |
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402.1 |
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5 |
Deutsche Bank |
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324.3 |
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6 |
BOA Merrill Lynch |
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321.7 |
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7 |
Citi |
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307.5 |
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8 |
UBS |
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304.9 |
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9 |
Barclays Capital |
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291.4 |
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10 |
Rothschild |
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251.6 |
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19 |
Perella Weinberg |
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63.3 |
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31 |
Centerview |
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23.6 |
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© 2010 Dealogic.
All rights reserved. |
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