Radar > 239110

Abac Capital may be in exclusive talks with Agrolimen to acquire The Eat Out Group

Abac Capital podría haber entrado en negociaciones exclusivas con Agrolimen para adquirir The Eat Out Group

A Abac Capital poderia ter entrado em negociações exclusivas com a Agrolimen para adquirir a The Eat Out Group

Intel ID : 239110
Synopsis

Abac Capital, a Spain-based private equity firm, may be in exclusive talks with Agrolimen to acquire The Eat Out Group, reported Expansión on 28 July 2016, citing sources familiar with the transaction.

The firm may have surpassed Ibersol Portugal and private equity firm H.I.G. Capital in the process, after submitting a bid close to EUR 110m.

According to the report, Abac Capital may have conditioned the acquisition proposal to the result of the auction Aena (BME:AENA) is carrying out next year for the use of the stores in the El Prat Airport, from where The Eat Out Group obtains a high percentage of its revenue.
(content in spanish)

Abac Capital, firma española de private equity, podría estar negociando en exclusiva con Agrolimen la compra de The Eat Out Group, según ha informado el diario Expansión el 28 de julio de 2016, basándose en fuentes conocedoras de la operación.

La firma se habría impuesto en el proceso a Ibersol Portugal y a la firma de private equity H.I.G. Capital, tras presentar una oferta cercana a los EUR 110m.

Según dichas fuentes, Abac Capital podría haber condicionado la propuesta de compra al resultado de la subasta que realice el próximo año Aena (BME: AENA) sobre la explotación de los locales del Aeropuerto de El Prat, donde The Eat Out Group obtiene un porcentaje elevado de sus ingresos.
(content in portuguese)

Abac Capital, empresa espanhola de private equity, poderia estar negociando com exclusividade com a Agrolimen a compra da The Eat Out Group, segundo publicou o jornal Expansión no dia 28 de julho de 2016, baseando-se em fontes com conhecimento da operação.

A empresa se impôs a Ibersol Portugal e a empresa de private equity H.I.G. Capital, após apresentar uma oferta próxima aos EUR 110m.

Segundo as fontes, Abac Capital poderia ter condicionado a proposta de compra ao resultado do leilão que vai realizar no ano que vem a Aena (BME: AENA), sobre a exploração dos locais do Aeropuerto de El Prat, onde The Eat Out Group detêm uma porcentagem elevada das suas receitas.

Bidder

Seller


Intel ID 239110
Value EUR 110,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - The Eat Out Group
(31 Dec 2021)
Revenue: EUR 3,45m
Net Debt: EUR 134,92m
People: 56
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.10 Venture Capital
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Tourism, Hotels and Restaurants (Primary)
Primary Sector (TTRSC)
25.04.01 Accounting Services
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Services and Distribution / Food and Beverage
Primary Sector (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Secondary Sectors (TTRSC)
15.07.09 Processed & Packaged Foods
15 Consumer Products & Services / 15.07 Food

Country
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Services and Distribution / Tourism, Hotels and Restaurants
Primary Sector (TTRSC)
15.10.07 Restaurants, Bars & Nightlife
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

Secondary Sectors (TTRSC)
25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Competitor

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.