At what enterprise value was PANELTO FOODS acquired in 2023?

You can find the full valuation details of PANELTO FOODS on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PANELTO FOODS when it was acquired by 3I?

The exact EV/EBITDA multiple for PANELTO FOODS is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.6x. Join our community for free to access full valuation data and industry trends.

When was PANELTO FOODS acquired by 3I?

PANELTO FOODS was acquired by 3I in 2023.

What was the revenue of PANELTO FOODS at the time of the deal?

The revenue of PANELTO FOODS at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of PANELTO FOODS during the acquisition?

PANELTO FOODS's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PANELTO FOODS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PANELTO FOODS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.3i.com/media/news/2023/panelto-foods-establishes-uk-and-ireland-platform-within-3i-backed-european-bakery-group/

← DATABASE

Home Database AgriFoodPANELTO FOODS

06/2023

3I

takes majority stake in

PANELTO FOODS

IRELAND Food Processing / Food Products / Bakery / Pastry REV 50M - 100M EUR

3I takes majority stake in PANELTO FOODS

IRELAND Food Processing / Food Products / Bakery / Pastry REV 50M - 100M EUR

Context

3i Group has announced that Panelto Foods, a premier Irish bakery group specializing in artisan breads, will join the European Bakery Group, establishing a dedicated UK and Ireland operational platform within the pan-European entity. The European Bakery Group was originally formed in May 2023 via the strategic combination of Dutch Bakery, a market-leading Dutch group focused on home bake-off bread and snack products, and coolback, a German-based bake-off bread specialist. Following this transaction, Panelto Foods, Dutch Bakery, and coolback will serve as the three core pillars driving the enlarged group’s cross-border operations. Backed by specialized financial and legal advisors, the transaction remains subject to customary regulatory clearances. The investment thesis centers on building an institutional-grade, highly diversified platform within the fragmented European private-label bake-off bread market. By integrating Panelto Foods, the European Bakery Group significantly expands its geographical footprint, broadens its pan-European customer base, and achieves a highly complementary product assortment. The post-closing strategic rationale focuses on leveraging the scale, capital resources, and manufacturing capabilities of the combined multi-site platform to deliver an innovative, sustainable, and premium product portfolio centered on natural ingredients.

PANELTO FOODS, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in AgriFood market trends

Target

Panelto Foods operates as an Irish industrial bakery group specializing in the manufacture of premium artisan breads, holding an established market position across the United Kingdom and Ireland. Founded in 2004 in Longford, the company's product portfolio encompasses pre-packed thaw-and-display rolls, bake-off sandwich breads, specialty rolls, bake-off loaves, and traditional baguettes. The firm’s business model is centered on high-volume supply to tier-one grocery retailers, underpinned by highly automated, state-of-the-art production facilities and strict technical service levels. The company's value proposition relies on delivering authentic, high-quality artisanal products at an industrial scale, allowing major retail partners to optimize their in-store bakery margins while meeting consumer demand for freshness and taste. Driven by an institutional focus on manufacturing innovation, Panelto Foods’ commercial strategy emphasizes long-term retail partnerships and the integration of sustainable production methodologies.

Ent. Value

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Other operations with PANELTO FOODS

REFERENCES

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PANELTO FOODS by 3I are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: panelto foods

Acquirer: 3i