At what enterprise value was FORNO D’ASOLO acquired in 2014?

You can find the full valuation details of FORNO D’ASOLO on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FORNO D’ASOLO when it was acquired by 21 INVEST?

The exact EV/EBITDA multiple for FORNO D’ASOLO is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.6x. Join our community for free to access full valuation data and industry trends.

When was FORNO D’ASOLO acquired by 21 INVEST?

FORNO D’ASOLO was acquired by 21 INVEST in 2014.

What was the revenue of FORNO D’ASOLO at the time of the deal?

The revenue of FORNO D’ASOLO at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FORNO D’ASOLO during the acquisition?

FORNO D’ASOLO's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FORNO D’ASOLO 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 FORNO D’ASOLO 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.21invest.com/en/21-invest-acquires-forno-d-asolo/

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Home Database AgriFoodFORNO D’ASOLO

04/2014

FORNO D’ASOLO

Acquired by

21 INVEST

ITALY Food Processing / Food Products / Bakery / Pastry REV 50M - 100M EUR

FORNO D’ASOLO acquired by 21 INVEST

ITALY Food Processing / Food Products / Bakery / Pastry REV 50M - 100M EUR

Context

21 Invest acquired a majority stake in Forno d’Asolo, a leading family-owned Italian company in the frozen bakery market. The transaction was driven by the founders' need to address a generational transition and professionalize the company's management structure to unlock its next phase of growth. The Gallina brothers, the founders, recognized the necessity for a more managerial approach to scale the business and sought a partner with relevant expertise. 21 Invest was selected as the ideal partner due to its long-standing relationship with the founders, its deep understanding of the business, and its proven track record in successfully managing ownership transitions in family-run enterprises. The private equity firm shared a strategic vision to reinforce Forno d’Asolo's market leadership in Italy and expand its international footprint. The post-acquisition strategy involves appointing a new CEO with significant international experience to spearhead growth initiatives. Key pillars of this strategy include boosting domestic sales, expanding the client base, and pursuing targeted international expansion, with a particular focus on German-speaking markets. Additionally, 21 Invest plans to enhance operational efficiency by optimizing the distribution network, strengthening brand identity, and improving customer relations.

FORNO D’ASOLO, which reported an EBITDA margin of LOGIN in 2013, 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 (10.6x).

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.

-> Deep-dive in AgriFood market trends

Target

Forno d'Asolo Group is a prominent Italian manufacturer and distributor specializing in frozen bakery and patisserie products. The company operates as a key player in its domestic market and has established a significant international presence, serving markets in the United States, Germany, and France. Its comprehensive product portfolio covers a wide range of high-quality bakery items, positioning it as an ambassador for Italian artisanship on a global scale. The Group's business model is supported by a unique and efficient distribution platform and diversified sales channels, enabling it to reach a broad and loyal customer base. A core part of its product offering includes traditional Italian patisserie, significantly strengthened by the integration of iconic brands such as Bindi, a Milan-based company with a rich history spanning over 80 years. Forno d’Asolo is recognized for its operational excellence and its ability to deliver authentic, premium frozen baked goods to both food service and retail clients internationally, maintaining a strong reputation for quality and innovation in the sector.

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Other operations with FORNO D’ASOLO

Date	Acquirer	Target	Country	Sector	Deal Context
02/2024	INVESTINDUSTRIAL / SAMMONTANA	FORNO D’ASOLO	ITALY	Food Processing	Forno d'Asolo Group is a prominent Italian manufacturer and distributor specializing in frozen bakery and patisserie products. The company operates as a key player in its domestic market and has established a significant international presence, serving markets in the United States, Germany, and France. Its comprehensive product portfolio covers a wide range of high-quality bakery items, positioning it as an ambassador for Italian artisanship on a global scale. The Group's business model is supported by a unique and efficient distribution platform and diversified sales channels, enabling it to reach a broad and loyal customer base. A core part of its product offering includes traditional Italian patisserie, significantly strengthened by the integration of iconic brands such as Bindi, a Milan-based company with a rich history spanning over 80 years. Forno d’Asolo is recognized for its operational excellence and its ability to deliver authentic, premium frozen baked goods to both food service and retail clients internationally, maintaining a strong reputation for quality and innovation in the sector.
06/2018	BC PARTNERS	FORNO D’ASOLO	ITALY	Food Processing	Forno d'Asolo Group is a prominent Italian manufacturer and distributor specializing in frozen bakery and patisserie products. The company operates as a key player in its domestic market and has established a significant international presence, serving markets in the United States, Germany, and France. Its comprehensive product portfolio covers a wide range of high-quality bakery items, positioning it as an ambassador for Italian artisanship on a global scale. The Group's business model is supported by a unique and efficient distribution platform and diversified sales channels, enabling it to reach a broad and loyal customer base. A core part of its product offering includes traditional Italian patisserie, significantly strengthened by the integration of iconic brands such as Bindi, a Milan-based company with a rich history spanning over 80 years. Forno d’Asolo is recognized for its operational excellence and its ability to deliver authentic, premium frozen baked goods to both food service and retail clients internationally, maintaining a strong reputation for quality and innovation in the sector.

REFERENCES

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FORNO D’ASOLO by 21 INVEST are reserved for mynth community members. Register for free to unlock full data.

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: forno d’asolo

Acquirer: 21 invest