TRANSACTIONS
Versatility and adaptability in addressing unique challenges and opportunities
Filter by Industry
Sale of Carroll Cuisine UC to Eight Fifty Food Group Ltd.
Year 2021
Sector: Food & Drink
Terms: Not disclosed
Pegasus Capital has advised Carroll Cuisine UC (“Carroll Cuisine”) on the sale of the business to Eight Fifty Food Group Ltd., a portfolio company of CapVest Partners.
Previously owned by Carlyle Cardinal Ireland, Carroll Cuisine is the no. 1 player in the sliced cooked ham and ready meals segments of the Irish chilled food sector. Eight Fifty Food Group Ltd. has an existing portfolio of complementary meat and fish business and is a strong strategic fit for Carroll Cuisine.
Sale of Greene Farm Fine Foods Ltd.
Year: 2019
Sector: Consumer & Food
Terms: Not disclosed
Pegasus Capital has advised Kepcar Investments Ltd. on the sale of Greene Farm Fine Foods Ltd. (“Greene Farm Fine Foods”) to O’Brien Fine Foods UC, the parent company of Brady Family Ham.
Greene Farm Fine Foods’ products are the finest quality; its full range is hand prepared using natural ingredients. It operates from a 50,000 sq.ft. state-of-the-art production facility in Rathowen, Co. Westmeath and has in excess of 100 employees.
Acquisition of the red meat business of 2 Sisters Food Group
Year: 2018
Sector: Consumer & Food
Terms: Not Disclosed
Pegasus Capital advised Kepak on its acquisition of the red meat business of 2 Sisters Food Group from Boparan Holdings Ltd.
The acquired business is one of the largest primary meat producers in the UK processing 250,000 cattle and in excess of 1 million lambs from four production facilities in England, Scotland and Wales.
Acquisition of Walkro International BV by Monaghan Mushrooms Group
YEAR: 2018
SECTOR: Consumer & Food
TERMS: Not disclosed
Pegasus Capital has advised Monaghan Mushrooms Group on the acquisitIon of 100% of Walkro InternatIonal BV (“Walkro”), Europe’s largest producer of substrate for the mushroom industry, from Belgian private equity fund Gimv.
Monaghan Mushrooms Group had initially acquired a stake in Walkro in 2011. Monaghan Mushrooms Group is a fully integrated producer of substrate and mushrooms and one of Ireland’s leading family-owned food companies.
Sale of Motorpark Galway to Sheils Motor Group
YEAR: 2018
SECTOR: Consumer & Food
TERMS: Not disclosed
Pegasus Capital advised on the sale of Motorpark Galway to Sheils Motor Group, which already has dealerships in Ennis and Limerick.
Motorpark is the main dealer for Ford motor cars in the Midlands and West of Ireland, and is also a dealer for Honda and Mitsubishi vehicles.
Fundraising for Rye River Brewing Company Ltd.
YEAR: 2016
SECTOR: Food & Drink
TERMS: EUR 6,500,000
Rye River Brewing Co. Ltd. ("Rye River Brewing") is a leading Irish craft brewer. It owns a number of award-winning beer brands including McGargles and serves the Irish and export beer markets.
Pegasus Capital advised the company on a fundraising by specialist debt provider Bluebay Asset Management with the funding used to finance the development of a state-of-the-art 45,000 sq.ft. brewery in Celbridge, Co. Kildare.
Acquisition of Independent Colleges Ltd.
YEAR: 2014
SECTOR: Education
TERMS: Not disclosed
Independent Colleges Ltd. ("Independent Colleges") is a leading provider of third level courses to students in Ireland. The company also operates one of the largest English language teaching facilities in Ireland under the International House brand.
Pegasus Capital advised members of the Barry family on an acquisition of the company. The transaction enabled the new owners to focus on growing the business and refining the course offering based on those courses that they believed would be most popular with students.
Sale of The Jelly Bean Factory to Cloetta AB
YEAR: 2014
SECTOR: Consumer & Food
TERMS: EUR 28,800,000
The Jelly Bean Factory is one of Ireland's leading confectionery businesses. The Jelly Bean Factory was established in 1998 by father and son team, Peter and Richard Cullen, and it produces in excess of 12 million gourmet jelly beans in 36 different flavours each day from its production facility in Dublin.
Pegasus Capital advised on the sale of an initial 75% of The Jelly Bean Factory to Swedish-based Cloetta AB in 2014 and the remaining 25% of the business in 2016.
Sale of Ramada Hyde Park and Ramada Ealing to Westmont Hospitality Group
YEAR: 2012
SECTOR: Consumer & Food
TERMS: STG £75,000,000
Ramada Hyde Park and Ramada Ealing are two large London based hotels. Pegasus Capital advised on a sale of the hotels to Westmont Hospitality Group, who subsequently conducted a significant refurbishment and rebranded the hotels under the Hilton brand.
The transaction facilitated significant new investment in the hotels to enable them to achieve their full potential.