GRUPPO ALIVAL acquired by DANTE BIGI S.R.L.
Context
Dante Bigi S.r.l. acquired a 51% controlling interest in Gruppo Alival, with an agreement to acquire the remaining 49% in 2014. This acquisition was a pivotal step in consolidating the Italian dairy market, bringing together Alival's leadership in fresh cheeses (mozzarella) with the acquirer's existing strength in aged cheeses.
GRUPPO ALIVAL, 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).
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Target
Gruppo Alival is a leading Italian dairy producer, ranking as the third-largest player in the mozzarella market in Italy. Operating through 9 production plants in Italy and Poland, the group offers a wide portfolio including mozzarella, pecorino, ricotta, and butter. It owns well-known commercial and PDO brands such as Alival, Mandara, Fattorie del Sole, Trep, Caseificio dell Amiata, and Tinis. In 2013, the group generated revenues of EUR175 million and served major retail chains across Italy and Europe.
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2014 | SOLINA GROUP | SFK FOOD | DENMARK | Ingredients |
| 02/2014 | RIVERSIDE | CASA OPTIMA | ITALY | Ingredients |
| 11/2013 | EQUISTONE | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 11/2013 | FRUTAROM | PTI (PROTEIN TECHNOLOGIES INGREDIENTS GROUP) | RUSSIA | Ingredients |
| 09/2013 | EQUISTONE | CHARLES & ALICE | FRANCE | Food Products |
| 08/2013 | INVESTCORP | TYRRELLS | UNITED KINGDOM | Food Products |
| 07/2013 | ARTÉMIS | MICHEL ET AUGUSTIN | FRANCE | Food Products |
| 07/2011 | IK PARTNERS | SOLINA GROUP | FRANCE | Ingredients |
| 05/2011 | MCH PRIVATE EQUITY | EUROPASTRY | SPAIN | Bakery / Pastry |
| 05/2011 | GENERAL MILLS | YOPLAIT | FRANCE | Dairy |
REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.