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06/2019

HAUDECOEUR acquired by APHEON (EX ERGON)

FRANCE Retail / Food Retail REV 100M - 200M EUR

Context

Ergon Capital acquired a majority stake in Haudecoeur through a Primary LBO (the first time the family opened its capital to a financial investor). The transaction was the result of an unsolicited offer orchestrated by Raphael Financial Advisory. The Haudecoeur family retained a significant minority stake and continued to be involved in the business. The deal structure included senior debt with specific "acquisition lines" to fund future external growth. The strategic goal is to transform this national champion into a European platform for ethnic foods.

HAUDECOEUR, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Haudecoeur is the undisputed specialist in the importation, processing, and distribution of "World Foods" in France. The company addresses specific demographic segments with products dedicated to Maghrebi, African, Asian, and Caribbean cuisines. It sources rice, dried fruits, pulses, spices, and sauces from over 60 countries. Haudecoeur operates through a portfolio of strong proprietary brands, most notably "Samia" (a leader in Halal products and oriental groceries), "Riz du Monde," and "La Pastilla."

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

Other operations with HAUDECOEUR

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2020HAUDECOEURPALAIS IMPÉRIALFRANCECoffee & Tea

REFERENCES

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HAUDECOEUR by APHEON (EX ERGON) 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.

Target: haudecoeur

Acquirer: apheon (ex ergon)