At what enterprise value was ENGLISH BAY BATTER acquired in 2017?

You can find the full valuation details of ENGLISH BAY BATTER on mynth capital. 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 AgriFood industry currently tracks an average EBITDA multiple of 10.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ENGLISH BAY BATTER when it was acquired by CERELIA?

The exact EV/EBITDA multiple for ENGLISH BAY BATTER is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.2x. Join our community for free to access full valuation data and industry trends.

When was ENGLISH BAY BATTER acquired by CERELIA?

ENGLISH BAY BATTER was acquired by CERELIA in 2017.

What was the revenue of ENGLISH BAY BATTER at the time of the deal?

The revenue of ENGLISH BAY BATTER at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 ENGLISH BAY BATTER 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 ENGLISH BAY BATTER 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://ikpartners.com/company-news/cerelia-acquires-english-bay-batter/

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Home Database AgriFoodENGLISH BAY BATTER

04/2017

ENGLISH BAY BATTER acquired by CERELIA

CANADA Food Processing / Food Products REV 50M - 100M EUR

Context

Cérélia Group has acquired English Bay Batter from the Canadian investment holding Kilmer Van Nostrand. This transaction is a transformative step in Cérélia’s internationalization, shifting its revenue mix from 35% to 65% international (with North America representing a quarter of total sales). The acquisition was financed through a full debt refinancing of the group, covering 100% of the purchase price and allowing for an exceptional dividend payment to IK Investment Partners (representing 25% of the initial equity). Following the deal, the group’s leverage increased from 4.5x to 5.1x EBITDA. Pro-forma for the acquisition, Cérélia’s total turnover exceeds €400 million, solidifying its position as a global multi-specialist in the ready-to-bake and snack sectors.

ENGLISH BAY BATTER, 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 (10.2x).

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.

-> Deep-dive in AgriFood market trends

Target

Founded in 1983, English Bay Batter is a major North American manufacturer of refrigerated and frozen bake-off products. The company specializes in gourmet cookies, muffins, and brownies, serving both the food service industry and retail channels. At the time of the acquisition, it was ranked as the fourth-largest player in its sector in North America. Its business model focuses on high-quality dough and batter formulations, operating multiple production facilities across Canada and the United States. Strategically, the company provides a strong platform for European food groups looking to enter the North American convenience baking market through established distribution networks and localized production capabilities.

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Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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05/2017	EURAZEO	GROUPE CPK (CARAMBAR POULAIN KREMA)	FRANCE	Food Processing	Following an 18-month "marathon" process, Eurazeo acquired a portfolio of 14 brands from the US giant Mondelez. Eurazeo outbid PAI Partners and Katjes by proposing a robust industrial project. The transition required the creation of a new HQ, recruiting 230 people for corporate functions, and an ambitious EUR35M industrial investment plan—including the repatriation of Terry's production from Poland to Strasbourg
01/2017	MADEMOISELLE DESSERTS	MINISTRY OF CAKE	UNITED KINGDOM	Food Processing	LDC has exited its investment in Ministry of Cake through a sale to the French group Mademoiselle Desserts. The transaction creates a dessert giant with unrivaled production capabilities in the UK foodservice market
11/2016	BRIDGEPOINT	VITAMIN WELL	SWEDEN	Food Processing	The investment by Bridgepoint Development Capital in Vitamin Well marks a significant milestone in the company's growth journey, providing it with the necessary capital and expertise to further expand its market presence and accelerate its growth trajectory
11/2016	CHARTERHOUSE	CASA OPTIMA	ITALY	Food Processing	Charterhouse Capital Partners acquires Optima / Mec3, a global leader in artisanal ice cream ingredients with a 12% market share, in a deal valued at an estimated EUR400 million, outbidding Permira, Cinven, Carlyle, and Froneri (Nestle/R&R)
10/2016	MEANINGS CAPITAL PARTNERS	COMPAGNIE COLONIALE	FRANCE	Food Processing	Meeschaert Capital (now Meanings Capital Partners) entered Compagnie Coloniale’s capital through a minority growth‑equity investment of EUR 1 million, providing “new money” to support the company’s commercial redeployment and international expansion
09/2016	AMPLIFY SNACK BRANDS	TYRRELLS	UNITED KINGDOM	Food Processing	Investcorp has agreed to sell Tyrrells to the US-based Amplify Snack Brands. This exit marks the culmination of a highly successful three-year holding period for Investcorp, during which sales and EBITDA more than doubled
09/2016	GROUPE BEL	MATERNE-MONTBLANC (MOM GROUP)	FRANCE	Food Processing	Groupe Bel entered into exclusive negotiations to acquire a majority stake in MOM Group from the private equity firm LBO France. The current management team will remain in place and retain a minority shareholding, ensuring a degree of operational autonomy for MOM within the larger Bel group
07/2016	DANONE	WHITEWAVE	UNITED STATES	Food Processing	Danone has entered into a definitive merger agreement to acquire The WhiteWave Foods Company in an all-cash transaction. Under the terms of the agreement, Danone will acquire all outstanding shares of WhiteWave for $56
06/2016	ECOTONE	INEOBIO	FRANCE	Food Processing	Wessanen, the Dutch listed organic food group and parent company of Distriborg in France, agreed to acquire Ineobio and its Destination brand in a full‑capital transaction following a process conducted exclusively with industrial buyers

REFERENCES

Revenue range: 50M - 100M EUR

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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).