BERNI acquired by GROUPE ALLIANCE
Context
Groupe Alliance acquired 100% of the equity in Berni from the owner family and its historical financial partner, Credit Mutuel Equity. The deal resolves a succession issue, as there was no third generation of the family to take over. Credit Mutuel Equity had backed the company since the late 1980s through three successive buyouts (1997, 2003, 2008). This acquisition allows Groupe Alliance to diversify its product portfolio into value-added cured meats.
BERNI, which reported an EBITDA margin of LOGIN in 2021, 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 (10.8x).
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.
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Target
Based in the Lorraine region of France, Berni is a historic manufacturer of dry cured meats. The company specializes in slicing and packaging charcuterie products such as chorizo, bacon, salami, and coppa, often serving as ingredients for pizzas or sandwiches. The company grew significantly, reaching EUR30 million in revenue in 2021.
Ent. Value
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Multiples
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EV / EBITDA
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Historical Financials (EUR)
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REFERENCES
Revenue range: 10M - 30M EUR
EBITDA range: 0M - 5M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).