EGERIA
takes majority stake in
EUROPEAN BAKERY GROUP
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 LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.6x).
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
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
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with EUROPEAN BAKERY GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 09/2021 | 3I | EUROPEAN BAKERY GROUP | NETHERLANDS | Food Processing | 3i Group has invested in Dutch Bakery, a bakery group specialized in home bake-off bread and snack products, to support the company's international growth strategy in the fragmented European private label market for bake-off products. The investment by 3i Group will enable Dutch Bakery to strengthen its leading position in the Dutch market and expand its activities internationally. The company's growth strategy will be based on a combination of organic growth and external development, including targeted acquisitions. 3i Group will provide its expertise and support to the management team of Dutch Bakery to help the company reach its full potential and achieve its growth objectives. |
REFERENCES
Revenue range: 100M - 200M EUR
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Authors: 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
Target: european bakery group
Acquirer: egeria