EGERIA takes majority stake in EUROPEAN BAKERY GROUP
Context
Egeria acquires a majority stake in Dutch Bakery, the Netherlands market leader in bake-off bread and bread-based snacks. This transaction will enable Dutch Bakery to benefit from Egeria's experience and international network, as well as its financial firepower to support further growth. Dutch Bakery expects that the knowledge, experience, and extensive network of the new shareholder will help boost international development, to deepen the product portfolio, and to reinforce category management. The management of Dutch Bakery will continue as shareholders; Rob Verhoef, Boele de Jong, and Ron Muijen will continue to operate as the executives of the company after the transaction as well.
EUROPEAN BAKERY GROUP, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.0x).
-> Deep-dive in AgriFood market trends
Target
European Bakery Group (ex Dutch Bakery) is the Netherlands market leader in bake-off bread and bread-based snacks. Founded in 1936, the company has several bakeries across the Netherlands and employs around 400 people. Dutch Bakery is specialized in consumer bake-off bread, and it annually bakes nearly a billion rolls, including mini-baguettes, Kaiser buns, croissants, baguette, sausage rolls, and pastry with sausage filling. The company's products are sold to major supermarket organisations both in the Netherlands and abroad. Dutch Bakery is known for its wide range of high-quality products and continues to develop and grow in the market.
Ent. Value
€100–200M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with EUROPEAN BAKERY GROUP
Other operations with EUROPEAN BAKERY GROUP
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2023 | EUROPEAN BAKERY GROUP | COOLBACK | GERMANY | Bakery / Pastry |
| 09/2021 | 3I | EUROPEAN BAKERY GROUP | NETHERLANDS | Bakery / Pastry |
Similar deals in Food Processing
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2017 | SÜDZUCKER | RICHELIEU FOODS | UNITED STATES | Food Products |
| 11/2017 | CASA OPTIMA | MODECOR ITALIANA | ITALY | Ingredients |
| 10/2017 | PAI PARTNERS | REFRESCO | NETHERLANDS | Beverages |
| 10/2017 | NEXT WORLD EVERGREEN | ORIENTIS GOURMET | FRANCE | Coffee & Tea |
| 09/2017 | NESTLE | SWEET EARTH | UNITED STATES | Food Products |
| 07/2017 | COMPAGNIE NATIONALE A PORTEFEUILLE | CAFFITALY | ITALY | Coffee & Tea |
| 07/2017 | TEMASEK / UNIGRAINS / TEREOS | BOORTMALT | BELGIUM | Ingredients |
| 06/2017 | THE CARLYLE GROUP | IRCA | ITALY | Ingredients |
| 05/2017 | EURAZEO | GROUPE CPK (CARAMBAR POULAIN KREMA) | FRANCE | Food Products |
| 04/2017 | CERELIA | ENGLISH BAY BATTER | CANADA | Food Products |
Other operations with EGERIA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2025 | EGERIA | IMPLICO | GERMANY | Industry-Specific Software |
| 07/2014 | EGERIA | GOODLIFE FOODS | NETHERLANDS | Food Products |
REFERENCES
Revenue range: €100–200M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUROPEAN BAKERY GROUP by EGERIA 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
Target: european bakery group
Acquirer: egeria