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M&A

EURICOM

Acquired by

MITSUI & CO

ITALY Food Processing / Food Products EV 500m EUR - 1b EUR 06/2023

Target

EURICOM

Acquirer

MITSUI & CO

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 LOGIN in 2022, 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 (10.1x).

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

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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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
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2022
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2021
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Other operations with EURICOM

REFERENCES

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: euricom

Acquirer: mitsui & co