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07/2014

GOODLIFE FOODS acquired by EGERIA

NETHERLANDS Food Processing / Food Products EV 50M - 150M EUR

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 in 2013, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2013
2012

Other operations with GOODLIFE FOODS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2023IK PARTNERSGOODLIFE FOODSNETHERLANDSFood Products

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M 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 GOODLIFE FOODS by EGERIA 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.

Acquirer: egeria