GOODLIFE FOODS acquired by IK PARTNERS
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.
Previously, Goodlife Foods had been acquired in an LBO by Egeria in 2014.
GOODLIFE FOODS, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with 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
€250–500M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with GOODLIFE FOODS
Other operations with GOODLIFE FOODS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2014 | EGERIA | GOODLIFE FOODS | NETHERLANDS | Food Products |
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REFERENCES
Revenue range: €250–500M
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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: ik partners