At what enterprise value was CREED CATERING SUPPLIES acquired in 2024?

During the acquisition of CREED CATERING SUPPLIES by KITWAVE GROUP in 2024, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M GBP.

What was the EV/EBITDA of CREED CATERING SUPPLIES when it was acquired by KITWAVE GROUP?

The estimated EV/EBITDA multiple for CREED CATERING SUPPLIES is in the range of 5x - 12x.

When was CREED CATERING SUPPLIES acquired by KITWAVE GROUP?

CREED CATERING SUPPLIES was acquired by KITWAVE GROUP in 2024.

What was the revenue of CREED CATERING SUPPLIES at the time of the deal?

The revenue of CREED CATERING SUPPLIES at the time of the deal is estimated to be in the range of 100M - 200M GBP.

What was the EBITDA of CREED CATERING SUPPLIES during the acquisition?

CREED CATERING SUPPLIES's EBITDA is estimated to be in the range of 5M - 25M GBP.

How is the data for the CREED CATERING SUPPLIES 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 CREED CATERING SUPPLIES 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.kitwave.co.uk/agreed-to-acquire-creed-catering-supplies-limited/

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Home Database Business ServicesCREED CATERING SUPPLIES

09/2024

CREED CATERING SUPPLIES acquired by KITWAVE GROUP

UNITED KINGDOM B2B Specialized Distribution EV 50M - 150M GBP

Context

The acquisition of Creed Catering by Kitwave establishes a formidable logistical link between the Northern and Southern UK distribution channels. This strategic maneuver professionalizes the group's foodservice operations by integrating a high-heritage regional player that maintains deep-rooted institutional relationships in the healthcare and education sectors. By unifying these previously separate geographical territories, the organization constructs a seamless national delivery network optimized for significant procurement and back-office synergies. The integration bolsters the platform's ability to manage high-volume, time-sensitive contracts for independent hospitality clients, utilizing the specialized technical operational depth of the new unit to enhance overall service reliability.

The acquisition of Creed Catering Supplies is part of the growth strategy of Kitwave Group, which already has several external growth operations under its belt, notably Total Foodservice Solutions in 2024.

CREED CATERING SUPPLIES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Creed Catering Supplies Limited is a Foodservice Wholesale company based in the United Kingdom, specializing in the supply and distribution of food products to the leisure, hospitality, and healthcare sectors. The organization operates as a high-fidelity partner for institutional clients, focusing on the delivery of a comprehensive product range that includes ambient, chilled, and frozen categories. Its strategy involves a deep commitment to service reliability and technical operational depth within its regional catchment area, ensuring that education and care providers receive mission-critical supplies on a precise schedule.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

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2024

2023

Similar deals in B2B Specialized Distribution

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2026	ONE EQUITY PARTNERS	KITWAVE GROUP	UNITED KINGDOM	B2B Specialized Distribution
01/2026	GROUPE BRUNEAU	OFFICEEASY	FRANCE	Office Supplies & Furniture
08/2024	HIGHWIRE CAPITAL	SPAR GROUP	UNITED STATES	B2B Specialized Distribution
07/2024	ITAL EXPRESS	SIDEXPORT	ITALY	B2B Specialized Distribution
05/2024	NAXICAP PARTNERS	ITAL EXPRESS	FRANCE	B2B Specialized Distribution
03/2024	KITWAVE GROUP	TOTAL FOODSERVICE SOLUTIONS	UNITED KINGDOM	B2B Specialized Distribution
12/2023	JOHAN I HALLEN & BERGFALK	FISK IDAG	SWEDEN	B2B Specialized Distribution
07/2023	METRO	JOHAN I HALLEN & BERGFALK	SWEDEN	B2B Specialized Distribution
06/2023	PAI PARTNERS	ECF GROUP	FRANCE	Hospitality Supplies
12/2022	KITWAVE GROUP	WESTCOUNTRY FOOD	UNITED KINGDOM	B2B Specialized Distribution

REFERENCES

Valuation range: EV 50M - 150M GBP

Revenue range: 100M - 200M GBP

EBITDA range: 5M - 25M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CREED CATERING SUPPLIES by KITWAVE GROUP 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: kitwave group