At what enterprise value was EG GROUP (UK & IRELAND OPERATIONS) acquired in 2023?

You can find the full valuation details of EG GROUP (UK & IRELAND OPERATIONS) on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b GBP. 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 Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EG GROUP (UK & IRELAND OPERATIONS) when it was acquired by ASDA GROUP?

The estimated EV/EBITDA multiple for EG GROUP (UK & IRELAND OPERATIONS) is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was EG GROUP (UK & IRELAND OPERATIONS) acquired by ASDA GROUP?

EG GROUP (UK & IRELAND OPERATIONS) was acquired by ASDA GROUP in 2023.

What was the EBITDA of EG GROUP (UK & IRELAND OPERATIONS) during the acquisition?

EG GROUP (UK & IRELAND OPERATIONS)'s EBITDA is estimated to be in the range of 100M - 200M GBP. 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 EG GROUP (UK & IRELAND OPERATIONS) 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 EG GROUP (UK & IRELAND OPERATIONS) 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://corporate.asda.com/newsroom/2023/05/30/asda-to-acquire-eg-groups-uk-and-ireland-business-creating-a-new-value-led-consumer-champion

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Home Database Retail & ConsumerEG GROUP (UK & IRELAND OPERATIONS)

05/2023

EG GROUP (UK & IRELAND OPERATIONS) acquired by ASDA GROUP

UNITED KINGDOM Retail / Food Retail / General Grocery EV 1b - 4b GBP

Context

Asda Group has reached a definitive agreement to acquire the UK and Ireland operations of EG Group, representing a transformational step in its strategic expansion into the convenience and foodservice markets. The transaction involves the integration of approximately 350 petrol filling station sites and over 1,000 food-to-go locations into a consolidated retail group. This combination is designed to create a value-led consumer champion, significantly increasing the accessibility of competitive pricing for fuel and groceries to a broader customer base. The strategic rationale for the move is rooted in the high growth potential of the convenience sector, driven by the rise of local shopping and demand for immediate consumption products. The acquisition will allow for the rollout of specialized convenience formats across the newly acquired estate, leveraging a heritage in low-cost retailing to serve millions of weekly visitors more effectively. To support the integration and future growth, the involved shareholders have committed to providing significant additional equity. The merged entity anticipates generating substantial synergies through economies of scale, improved procurement, and cross-selling opportunities across its omni-channel platform. This move strengthens the group’s financial profile and positions it to benefit from attractive structural drivers in the retail and foodservice industries.

EG GROUP (UK & IRELAND OPERATIONS), which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

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

EG Group encompasses a comprehensive fuel and convenience estate across the United Kingdom and Ireland, consisting of approximately 350 petrol filling station sites and over 1,000 food,to,go locations. It serves as a critical infrastructure for daily consumer needs, with sites strategically positioned to capture high footfall and offer a diverse mix of grocery, fuel, and foodservice options. The business model is designed to cater to modern shopping habits, such as the rise of local "top,up" shopping and the increasing demand for immediate consumption meals. By operating at the heart of various communities, the business provides essential value,added services that drive consistent customer engagement. The infrastructure is specialized in handling high volumes of transactions across multiple retail channels, making it a cornerstone of the regional convenience market. It maintains a robust presence in the daily lives of millions of consumers, providing a platform for convenience, fuel, and omni,channel retailing.

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REFERENCES

Valuation range: EV 1b - 4b GBP

EBITDA range: 100M - 200M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EG GROUP (UK & IRELAND OPERATIONS) by ASDA GROUP are reserved for mynth community members. Register for free to unlock full data.

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).

Press release: view release

Acquirer: asda group