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10/2017

EGERIA takes majority stake in EUROPEAN BAKERY GROUP

NETHERLANDS Food Processing / Food Products / Bakery / Pastry REV 100M - 200M EUR

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 in 2017, 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

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
2016

Other operations with EUROPEAN BAKERY GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2023EUROPEAN BAKERY GROUPCOOLBACKGERMANYBakery / Pastry
09/20213IEUROPEAN BAKERY GROUPNETHERLANDSBakery / Pastry

REFERENCES

Revenue range: 100M - 200M EUR

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