At what enterprise value was EURICOM acquired in 2023?

During the acquisition of EURICOM by MITSUI & CO in 2023, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

When was EURICOM acquired by MITSUI & CO?

EURICOM was acquired by MITSUI & CO in 2023.

What was the revenue of EURICOM at the time of the deal?

The revenue of EURICOM at the time of the deal is estimated to be in the range of 450M - 900M EUR.

How is the data for the EURICOM 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 EURICOM 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://www.mitsui.com/jp/en/release/2023/1246714_13943.html

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Home Database AgriFoodEURICOM

06/2023

EURICOM acquired by MITSUI & CO

ITALY Food Processing / Food Products EV 500M - 1.5b EUR

Context

Mitsui & Co. has acquired a minority stake in Euricom S.p.A., marking the first time the group's founding families have accepted external capital. The strategic rationale for the transaction is to transform Euricom into a more institutionalized global platform for growth, leveraging Mitsui's procurement networks (such as its ETG pulses platform) and global reach. As part of the deal, Mitsui swapped its existing minority stake in Euricom’s Polish subsidiary, Rol-Ryż, for new shares in the parent group. This investment is aimed at accelerating Euricom's expansion into adjacent categories like pulses and strengthening its relationships with European retailers. Bruno Sempio remains Chairman and retains sole control over the group’s management, ensuring industrial continuity while benefiting from Mitsui's long-term strategic support.

EURICOM, which reported an EBITDA margin of in 2022, 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).

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Target

Euricom is a leading Italian industrial group and one of the world’s major players in the rice sector. The company’s business model is vertically integrated, covering the sourcing, processing, and distribution of rice and pulses to retail, foodservice, and B2B industrial clients. Its value proposition is built on an extensive global supply chain, sourcing grains from Southern Europe, South America, India, and Southeast Asia. Strategically, the firm focuses on international expansion and product diversification into healthy categories like pulses. Managed by the Nervi and Sempio families since its inception, the group operates as a "global platform" for rice products, leveraging a multi-regional manufacturing footprint to serve major European retailers and international markets.

Ent. Value

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2021

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06/2023	RIELLO INVESTIMENTI PARTNERS	IL FORNAIO DEL CASALE	ITALY	Bakery / Pastry
06/2023	3I	PANELTO FOODS	IRELAND	Bakery / Pastry
06/2023	IK PARTNERS	GOODLIFE FOODS	NETHERLANDS	Food Products
06/2023	MITSUI & CO	NUTRINOVA NETHERLANDS	NETHERLANDS	Ingredients
06/2023	HEINEKEN	OEDIPUS	NETHERLANDS	Wines & Spirits
05/2023	EUROPEAN BAKERY GROUP	COOLBACK	GERMANY	Bakery / Pastry
05/2023	MADEMOISELLE DESSERTS	GALANA (PASTRY & ICE CREAM)	BELGIUM	Bakery / Pastry

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EURICOM by MITSUI & CO 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: euricom

Acquirer: mitsui & co