MCH Private Equity invests in Europastry
Context
MCH Private Equity acquired 18% stake in Europastry in a transaction that allowed for the exit of the historical shareholder Vall Companys (which previously held 24%). Concurrently, the founding Gallés family increased their majority stake to 80%, reaffirming their long-term commitment. The deal was supported by a €200 million syndicated loan to restructure the company's debt and provide the "dry powder" necessary for its global buy-and-build strategy. This investment marked the beginning of a 15-year partnership that saw Europastry's revenue grow five-fold, transforming it from a national champion into one of the top five global players in the frozen bakery market.
Europastry, which reported an EBITDA margin of [members only] in 2010, is valued in this transaction at an EV/EBITDA multiple of [members only].
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Target
Europastry operates as a manufacturer and distributor of frozen dough solutions for the bakery sector. The company’s business model focuses on supplying frozen bread, viennoiserie, and pastry snacks through a multi-channel commercial structure targeting artisanal bakeries, grocery retailers, and foodservice operators. Operating with an international footprint, the platform generates more than half of its revenue outside its domestic Spanish market, maintaining commercial operations across over 80 countries with a focus on North American distribution. The organization’s operational architecture is backed by an industrial network of 30 production facilities and a product development framework. To maintain catalog agility, the company allocates resources toward continuous R&D cycles, with recent product launches driving over 22% of its total revenue. Additionally, the firm integrates environmental sustainability mandates into its operational model, targeting the transition toward carbon-neutral manufacturing lines and the increased use of renewable energy sources across its facilities.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Europastry
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2026 | ARES | EUROPASTRY | SPAIN | Bakery / Pastry |
Other operations with MCH Private Equity
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2023 | MCH PRIVATE EQUITY / EURAZEO | FERMAX | SPAIN | Safety & Security |
Similar deals in Food Processing
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 08/2013 | INVESTCORP | TYRRELLS | UNITED KINGDOM | Food Products |
| 07/2013 | ARTÉMIS | MICHEL ET AUGUSTIN | FRANCE | Food Products |
| 07/2011 | IK PARTNERS | SOLINA GROUP | FRANCE | Ingredients |
| 05/2011 | GENERAL MILLS | YOPLAIT | FRANCE | Dairy |
| 03/2011 | ADVENT INTERNATIONAL | PARTNER IN PET FOOD (PPF) | HUNGARY | Petfood |
| 12/2010 | YOPLAIT | LIBERTE | CANADA | Dairy |
| 10/2010 | LBO FRANCE | MATERNE-MONTBLANC (MOM GROUP) | FRANCE | Food Products |
| 07/2009 | DEAN FOODS | ALPRO | BELGIUM | Dairy |
| 06/2007 | ARDIAN | DIANA GROUP | FRANCE | Ingredients |
| 05/2007 | COCA-COLA | GLACEAU | UNITED STATES | Soft Drinks |
REFERENCES
Revenue range: REV €250–500M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Europastry by MCH Private Equity 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.
Target: europastry
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