Who owns FINSBURY FOOD GROUP?

FINSBURY FOOD GROUP has been 100% owned by DBAY ADVISORS since November 2023.

At what enterprise value was FINSBURY FOOD GROUP acquired in 2023?

During the acquisition of FINSBURY FOOD GROUP by DBAY ADVISORS in 2023, the transaction's Enterprise Value is estimated to be in the range of £100–350M.

What was the EV/EBITDA of FINSBURY FOOD GROUP when it was acquired by DBAY ADVISORS?

The estimated EV/EBITDA multiple for FINSBURY FOOD GROUP is in the range of 5x - 12x.

What was the EV/Revenue multiple of FINSBURY FOOD GROUP when it was acquired by DBAY ADVISORS?

The estimated EV/Revenue multiple for FINSBURY FOOD GROUP is in the range of below 1.5x.

When was FINSBURY FOOD GROUP acquired by DBAY ADVISORS?

FINSBURY FOOD GROUP was acquired by DBAY ADVISORS in 2023.

What was the revenue of FINSBURY FOOD GROUP at the time of the deal?

The revenue of FINSBURY FOOD GROUP at the time of the deal is estimated to be in the range of £250–500M.

What was the EBITDA of FINSBURY FOOD GROUP during the acquisition?

FINSBURY FOOD GROUP's EBITDA is estimated to be in the range of £25–50M.

How is the data for the FINSBURY FOOD GROUP 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 FINSBURY FOOD GROUP 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.investec.com/advisory/fr/deals/acquisition-de-finsbury-food-group-plc-par-dbay-advisors/

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodFINSBURY FOOD GROUP

11/2023

FINSBURY FOOD GROUP acquired by DBAY ADVISORS

UNITED KINGDOM Food Processing / Food Products EV £100–350M

Context

DBAY Advisors acquired the entire issued share capital of Finsbury Food Group via a court-sanctioned scheme of arrangement. The offer price of 110 pence per share valued the company's equity at approximately �143.4 million. This price represented a 23.6% premium to the closing share price prior to the announcement. The deal was driven by the belief that Finsbury could better pursue "transformational M&A" and international expansion as a private company, free from the costs and constraints of a public listing on AIM.

FINSBURY FOOD GROUP, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, a level twice as low as the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Headquartered in Cardiff, Finsbury Food Group is a leading UK manufacturer of bakery products for the retail and foodservice channels. The group produces cakes, bread, and morning goods under licensed brands (Thorntons, Mary Berry, Disney, Vogel s) and proprietary brands (Kara, Memory Lane). At the time of the deal, it operated 8 manufacturing sites across the UK and Europe (France/Poland).

Ent. Value

£100–350M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

5x–12x

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2023

2022

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2024	INVESTINDUSTRIAL / SAMMONTANA	FORNO D’ASOLO	ITALY	Bakery / Pastry
12/2023	THE FERRERO GROUP	MICHEL ET AUGUSTIN	FRANCE	Food Products
11/2023	COCA-COLA	FINLANDIA VODKA	FINLAND	Wines & Spirits
11/2023	TERRENA	TIPIAK	FRANCE	Dairy
10/2023	NOLET GROUP	LUCAS BOLS COMPANY	NETHERLANDS	Wines & Spirits
09/2023	THE J.M. SMUCKER CO.	HOSTESS BRANDS, INC.	UNITED STATES	Food Products
08/2023	GROUPE AVRIL	HARI&CO	FRANCE	Food Products
07/2023	ROYAL UNIBREW	VRUMONA	NETHERLANDS	Soft Drinks
07/2023	MARS	KEVIN'S NATURAL FOODS	UNITED STATES	Food Products
07/2023	MALTERIES SOUFFLET	UNITED MALT GROUP	AUSTRALIA	Food Processing

REFERENCES

Valuation range: EV £100–350M

Revenue range: £250–500M

EBITDA range: £25–50M

EV/Revenue range: below 1.5x

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 FINSBURY FOOD GROUP by DBAY ADVISORS 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: finsbury food group

Acquirer: dbay advisors