GOODLIFE FOODS
Acquired by
EGERIA
GOODLIFE FOODS acquired by EGERIA
Target
GOODLIFE FOODS
Acquirer
EGERIA
Context
Royal Wessanen has agreed to sell its frozen snack subsidiary, Izico (renamed GoodLife Foods), to the private equity firm Egeria. This divestment allows Wessanen to refocus its strategy entirely on "healthy and sustainable food" (brands like Bjorg, Clipper). For Egeria, this acquisition marks the beginning of a "Buy-and-Build" platform that would eventually become GoodLife Foods.
GOODLIFE FOODS, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.1x average currently observed in the AgriFood sector.
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Target
Headquartered in Breda, GoodLife Foods is a leading European manufacturer of frozen snacks. The company produces a wide range of products including frikadellen, spring rolls, hamburgers, and meat-free snacks. It operates under brands like Beckers, Bicky, Daloon, and GoodLife, while also being a major private label partner for retailers across Europe. At the time of exit, it had ~740 FTEs and 6 production plants.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with GOODLIFE FOODS
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 06/2023 | IK PARTNERS | GOODLIFE FOODS | NETHERLANDS | Food Products | IK Partners has agreed to acquire a majority stake in GoodLife Foods from Egeria. Egeria, along with the management team, will reinvest for a minority stake. During Egeria's ownership (2014-2023), the company transformed from a local Dutch player (Izico) into a European platform. IK's investment thesis focuses on further international expansion and accelerating the shift towards plant-based products. |
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