KKR-backed Selecta Group buys Pelican Rouge

KKR originally purchased Selecta from Allianz Capital Partners in October 2014. it was previously owned by Compass Group.

Through the acquisition, Selecta will expand its presence to 15 European countries. According to a press release, this will take its pro forma revenues to more than €1.3bn, with an EBITDA of €200m.

Previous funding
In 2014, Pelican Rouge (then known as Autobar) was sold by sponsor CVC to a consortium of lenders for an undisclosed sum in a debt-for-equity swap. The consortium comprised York Capital Management, Angelo, Gorden & Co, Avenue Capital Group, Capula Investment Management and Blackstone.

Company
Pelican Rouge is a pan-European coffee vending provider, originating in Belgium. According to a press release, the company dates back to 1863 and now operates around 195,000 machines across eight countries.

People
KKR – Will Needham (director).
Selecta Group – David Flochel (CEO).
Pelican Rouge – Nedim Cen (chairman); Patrick Raming (director).

Advisers
Equity – Kirkland & Ellis International, Gavin Gordon, Kon Asimacopolous, Aprajita Dhundia (legal); Matthew Merkle (corporate finance); Stephen Lucas, Sam Norris (debt); Dulcie Daly (tax).

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• Topics
• Expansion
• Consumer
• KKR
• Retail & consumer
• Build-up