From Dealroom · · 50s
Spain's Acesur and Dcoop Acquire Deoleo
Spanish olive oil firms Acesur and Dcoop win €500m auction for Deoleo, a key Spanish brand owner.
In brief
Spanish olive oil firms Acesur and Dcoop win €500m auction for Deoleo, a key Spanish brand owner. Spanish olive oil groups Acesur and Dcoop jointly acquired Deoleo, the owner of Carbonell and Bertolli brands, for approximately €500 million. Originally reported by Dealroom.
Quick answers
- What's the deal?
- Spanish olive-oil groups Acesur and Dcoop agreed to jointly acquire Deoleo, the Spanish company behind Carbonell and Bertolli brands.
- Why now?
- Owners CVC and Alchemy ran a sale process with binding bids due last week, and Deoleo's board chose Acesur and Dcoop over a rival bid from Italy's Coricelli and Spain's Migasa.
- What tipped it?
- The all-Spanish offer gave sellers more certainty of closing and avoided loss of Spanish control over a company the government deemed strategic.
- What is the key takeaway from Spain's Acesur and Dcoop Acquire Deoleo?
- Spanish olive oil groups Acesur and Dcoop jointly acquired Deoleo, the owner of Carbonell and Bertolli brands, for approximately €500 million.
What's the deal?
Spanish olive-oil groups Acesur and Dcoop agreed to jointly acquire Deoleo, the Spanish company behind Carbonell and Bertolli brands.
Why now?
Owners CVC and Alchemy ran a sale process with binding bids due last week, and Deoleo's board chose Acesur and Dcoop over a rival bid from Italy's Coricelli and Spain's Migasa.
What tipped it?
The all-Spanish offer gave sellers more certainty of closing and avoided loss of Spanish control over a company the government deemed strategic.
Here's the gist
Spanish olive oil groups Acesur and Dcoop jointly acquired Deoleo, the owner of Carbonell and Bertolli brands, for approximately €500 million.
