At what enterprise value was CERELIA acquired in 2015?

During the acquisition of CERELIA by IK PARTNERS in 2015, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

When was CERELIA acquired by IK PARTNERS?

CERELIA was acquired by IK PARTNERS in 2015.

What was the revenue of CERELIA at the time of the deal?

The revenue of CERELIA at the time of the deal is estimated to be in the range of 150M - 250M EUR.

How is the data for the CERELIA 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 CERELIA 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://ikpartners.com/press-release/ik-investment-partners-to-invest-in-cerelia-group/

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Home Database AgriFoodCERELIA

06/2015

CERELIA acquired by IK PARTNERS

FRANCE Food Processing / Food Products / Bakery / Pastry EV 300M - 700M EUR

Context

IK Investment Partners acquired a majority stake in Cérélia Group, succeeding a consortium of investors led by Sagard, Capzanine, Cerea Capital, and BNP Développement. The transaction was structured as a preemptive bid, valuing the group at approximately €300 million. The strategic rationale centers on accelerating the company's transition from a regional leader into a global champion of chilled dough and ready-to-bake products. Under the leadership of CEO Guillaume Réveilhac, who remains a significant minority shareholder, the partnership aims to leverage IK's financial backing to execute large-scale add-on acquisitions. This acquisition follows a successful integration phase under Sagard's tenure, which saw the company's revenue reach €212 million by 2014.

CERELIA, which reported an EBITDA margin of in 2014, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.4x).

-> Deep-dive in AgriFood market trends

Target

Cerelia is a leading transatlantic manufacturer of fresh, ready-to-bake dough and premium bakery products, with a heritage dating back to 1974. The group holds leadership positions in Europe and North America across several categories, including pie crusts, pizza dough, pancakes, crepes, and cookies. Operating a robust Corporate footprint with major facilities in France, Italy, the UK, and North America, Cerelia distributes its products in over 50 countries through both private label partnerships and proprietary brands (such as Croustipate and English Bay Batter).

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Other operations with CERELIA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2019	ARDIAN	CERELIA	FRANCE	Bakery / Pastry
04/2017	CERELIA	ENGLISH BAY BATTER	CANADA	Food Products

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: ik partners