What was the revenue of CONTINENTAL BAKERIES at the time of the deal?

The revenue of CONTINENTAL BAKERIES at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of CONTINENTAL BAKERIES during the acquisition?

CONTINENTAL BAKERIES's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the CONTINENTAL BAKERIES 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 CONTINENTAL BAKERIES 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://capitalfinance.lesechos.fr/deals/build-up/biscuit-international-croque-continental-bakeries-et-double-de-taille-1358568

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Home Database AgriFoodCONTINENTAL BAKERIES

10/2021

CONTINENTAL BAKERIES acquired by BISCUIT INTERNATIONAL

NETHERLANDS Food Processing / Food Products REV 250M - 500M EUR

Context

Biscuit International acquired Continental Bakeries from Goldman Sachs Asset Management. This "transformational" deal allows the group to effectively double its size, increasing revenue from EUR530 million to over EUR900 million. The combined entity employs 4,500 people and operates 33 factories with a production capacity of 300,000 tons per year. The transaction was financed through a capital increase subscribed by Platinum Equity and the management team, alongside new debt facilities. The deal creates an undisputed pan-European giant with over 80% of sales generated outside France.

CONTINENTAL BAKERIES, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Continental Bakeries is a leading European bakery group specializing in private label biscuits, bread replacements (toasts), and gingerbread. Before the acquisition, it was owned by Goldman Sachs Asset Management (since 2016). The company operates 13 factories across Northern Europe (Netherlands, Belgium, Germany, Poland, Sweden). While primarily a private label manufacturer, it also owns regional brands like Haust, Gille, and Grabower. The company is a key player in the "healthy snacking" segment with a strong line of gluten-free and low-sugar products.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2021	CVC	LIPTON TEAS AND INFUSIONS	NETHERLANDS	Coffee & Tea
11/2021	TA ASSOCIATES	NACTAROME GROUP	ITALY	Ingredients
09/2021	3I	EUROPEAN BAKERY GROUP	NETHERLANDS	Bakery / Pastry
09/2021	FRENCH FOOD CAPITAL / BPIFRANCE / TIKEHAU CAPITAL	MARKAL	FRANCE	Food Products
09/2021	ALTIA	ARCUS	NORWAY	Wines & Spirits
09/2021	ROYAL DSM	FIRST CHOICE INGREDIENTS	UNITED STATES	Ingredients
09/2021	ARDIAN	FLORIDA FOOD PRODUCTS (FFP)	UNITED STATES	Food Products
07/2021	CVC	PANZANI	FRANCE	Food Products
06/2021	KERRY GROUP	NIACET	UNITED STATES	Ingredients
06/2021	PILGRIM'S PRIDE CORPORATION	KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)	UNITED KINGDOM	Meat & Cured Meat

REFERENCES

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CONTINENTAL BAKERIES by BISCUIT INTERNATIONAL 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.