At what enterprise value was FORNO D’ASOLO acquired in 2018?

During the acquisition of FORNO D’ASOLO by BC PARTNERS in 2018, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. 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 BC PARTNERS?

The estimated EV/EBITDA multiple for FORNO D’ASOLO is in the range of 10x - 18x. 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 BC PARTNERS?

FORNO D’ASOLO was acquired by BC PARTNERS in 2018.

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 100M - 200M 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 10M - 30M 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.bcpartners.com/portfolio/forno-dasolo/

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Home Database AgriFoodFORNO D’ASOLO

06/2018

FORNO D’ASOLO

Acquired by

BC PARTNERS

ITALY Food Processing / Food Products / Bakery / Pastry EV 300M - 700M EUR

FORNO D’ASOLO acquired by BC PARTNERS

ITALY Food Processing / Food Products / Bakery / Pastry EV 300M - 700M EUR

Context

BC Partners has agreed to acquire Forno d'Asolo, a leading Italian producer of frozen bakery products, from the private equity firm 21 Partners and its co-investors. The transaction also includes a significant reinvestment from the company's existing management team, led by CEO Alessandro Angelon, who will partner with BC Partners to drive the next phase of growth. The strategic rationale for the acquisition is centered on capitalizing on Forno d'Asolo's strong market position and accelerating its expansion trajectory. BC Partners was attracted to the company's consistent growth, its reputation for quality Italian products, and its extensive distribution network covering the fragmented Italian food service market. The new ownership structure aims to provide the necessary financial and strategic resources to pursue an ambitious growth plan. This plan involves both organic initiatives, such as expanding the product portfolio, and inorganic growth through a targeted buy-and-build strategy to further consolidate the market. By leveraging its sector expertise and international network, BC Partners intends to support Forno d'Asolo's management in transforming the company from a national champion into a more significant international player, building upon the foundation established under its previous ownership.

FORNO D’ASOLO, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

Ent. Value

Equity Value

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Historical Financials (EUR)

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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.
04/2014	21 INVEST	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

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M 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 BC PARTNERS 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: bc partners