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MPS Has Agreed to Be Acquired by Marel

Monday, November 30, 2015

MPS has agreed to be acquired by Marel

William Blair acted as exclusive financial advisor to MPS Meat Processing Systems B.V., a portfolio company of Equistone Partners Europe, in connection with its pending acquisition by Marel hf (ICSE:MARL) for €382 million. The transaction is subject to customary closing conditions and regulatory approval.

Transaction Highlights

  • Trusted guidance for MPS's long-term growth: William Blair's relationship with MPS has spanned over a decade and includes two previous M&A advisory engagements: for the sale of the company to Steadfast Capital in 2004 and to Barclays Private Equity (n.k.a. Equistone Partners Europe) in 2010.
  • Global execution excellence: The transaction team executed an international process with key strategic and financial players and provided an integrated cross-border team with senior resources in Europe and North America. William Blair's ability to drive competitive tension was vital to securing premium terms and value to MPS and its shareholders.
  • Highly strategic acquisition: MPS and Marel have highly strategic and cultural fits with complementary product portfolios and geographic presences, creating a strong platform to enhance further growth. The acquisition enhances Marel's position as the leading global provider of advanced equipment and solutions to the poultry, meat, and fish industries and is fully in line with the company's previously announced growth strategy.

About the Companies

MPS is a leader in primary processing solutions for the pork and beef industry as well as in innovative solutions in water treatment and food logistics. Based in the Netherlands and with more than 650 employees, MPS has shown solid growth and profitability in recent periods. The company's estimated 2015 revenue will be close to €150 million, with an EBITDA close to €40 million.