HAUDECOEUR acquired by APHEON (EX ERGON)
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)
Other operations with HAUDECOEUR
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2020 | HAUDECOEUR | PALAIS IMPÉRIAL | FRANCE | Coffee & Tea |
REFERENCES
Revenue range: 100M - 200M EUR
EBITDA range: 10M - 30M 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.
Target: haudecoeur
Acquirer: apheon (ex ergon)