PERMIRA takes majority stake in HANA GROUP

The transaction is structured as a secondary leverage buyout executing the complete exit of TA Associates after a four-year holding period. The departing majority shareholder relinquishes control to facilitate the next institutional expansion phase. Under the definitive agreement, the incoming sponsor acquires an approximate 80% equity stake in the holding structure. Co-founder Jacques Attal and the executive management team led by Yann Coléou roll over substantial equity into the new vehicle. This significant reinvestment aligns long-term management incentives directly with institutional investor objectives. Debt financing is fully provided by BlueBay Asset Management via a €200M unitranche facility. The highly aggressive pricing terms offered by this credit fund displaced the incumbent financial partner Ares from the final syndicate. This flexible capital structure provides ample dry powder to fund imminent cross-border consolidation without draining operational liquidity. Final closing is projected for the end of the second quarter of 2019 following standard anti-trust approvals. Rothschild acted as exclusive financial advisor to the sell-side corporate entities. Cambon Partners and Alantra provided dual M&A advisory services to the buy-side consortium during these private negotiations.

In the past, the company underwent an LBO led by Ta Associates in 2015, and continued an active consolidation strategy by notably acquiring Peace Dining Corp (2016).