EUROPE SNACKS acquired by ONE ROCK CAPITAL PARTNERS
Context
One Rock Capital Partners signed an agreement to acquire a majority stake in Europe Snacks from Seven2 (formerly Apax Partners), which had held the company since 2013. This exit concludes a decade of transformation under Seven2, during which revenue grew from EUR90 million to EUR700 million through three major build-ups. The financing is secured by a banking pool led by Barclays and Goldman Sachs.
EUROPE SNACKS, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the AgriFood sector (11.0x).
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Target
Headquartered in the Vendee region of France, Europe Snacks is the leading European manufacturer of private label salty snacks. The group has grown significantly through a buy-and-build strategy (acquiring Kolak in the UK, Ibersnacks in Spain, and Burts Snacks). With a portfolio of 1,200 products (including stackable chips, crackers, and extruded snacks), the group forecasts EUR700 million in revenue for 2024, with 75% of sales generated outside France. It also operates a co-manufacturing division for third-party brands (15% of revenue).
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2024 | UNEXO / UNIGRAINS | SAVEL | FRANCE | Meat & Cured Meat |
| 11/2024 | REFRESCO | FRÍAS NUTRICIÓN | SPAIN | Soft Drinks |
| 09/2024 | VALEO FOODS GROUP | I.D.C. HOLDING | SLOVAKIA | Food Products |
| 09/2024 | AS EQUITY PARTNERS | HOCHDORF SWISS NUTRITION (HSN) | SWITZERLAND | Dairy |
| 08/2024 | CINVEN | VITAMIN WELL | SWEDEN | Soft Drinks |
| 07/2024 | NEWPRINCES GROUP | PRINCES | UNITED KINGDOM | Food Products |
| 07/2024 | EMMI GROUP | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 07/2024 | AUSNUTRIA DAIRY | AMALTHEA | NETHERLANDS | Dairy |
| 07/2024 | TOWERBROOK | IDAK FOOD GROUP | SWITZERLAND | Food Products |
| 07/2024 | GRUPO MAYRIT INVERSIONES ALIMENTARIAS | PANIFICADORA POPULAR | SPAIN | Bakery / Pastry |
Other operations with ONE ROCK CAPITAL PARTNERS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2026 | ONE ROCK CAPITAL PARTNERS | EAT HAPPY GROUP | GERMANY | Food Products |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €450–900M
EBITDA range: €50–100M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EUROPE SNACKS by ONE ROCK CAPITAL PARTNERS 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: europe snacks
Acquirer: one rock capital partners