At what enterprise value was GOODLIFE FOODS acquired in 2023?

You can find the full valuation details of GOODLIFE FOODS 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 10.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of GOODLIFE FOODS when it was acquired by IK PARTNERS?

The exact EV/EBITDA multiple for GOODLIFE FOODS is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.5x. Join our community for free to access full valuation data and industry trends.

When was GOODLIFE FOODS acquired by IK PARTNERS?

GOODLIFE FOODS was acquired by IK PARTNERS in 2023.

What was the revenue of GOODLIFE FOODS at the time of the deal?

The revenue of GOODLIFE FOODS at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 GOODLIFE FOODS 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 GOODLIFE FOODS 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://ikpartners.com/investments/goodlife-foods/

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Home Database AgriFoodGOODLIFE FOODS

06/2023

GOODLIFE FOODS acquired by IK PARTNERS

NETHERLANDS Food Processing / Food Products REV 250M - 500M EUR

Context

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.

As a reminder, the company was previously involved in a leveraged buyout led by Egeria in 2014.

GOODLIFE FOODS, which reported an EBITDA margin of LOGIN in 2023, 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 (10.5x).

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

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.

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Other operations with GOODLIFE FOODS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2014	EGERIA	GOODLIFE FOODS	NETHERLANDS	Food Processing	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.

REFERENCES

Revenue range: 250M - 500M 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 IK PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified 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

Acquirer: ik partners