At what enterprise value was HERTA acquired in 2019?

During the acquisition of HERTA by CASA TARRADELLAS in 2019, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of HERTA when it was acquired by CASA TARRADELLAS?

The estimated EV/EBITDA multiple for HERTA is in the range of 5x - 12x.

When was HERTA acquired by CASA TARRADELLAS?

HERTA was acquired by CASA TARRADELLAS in 2019.

What was the revenue of HERTA at the time of the deal?

The revenue of HERTA at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of HERTA during the acquisition?

HERTA's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the HERTA 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 HERTA 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://www.nestle.com/media/pressreleases/allpressreleases/nestle-herta-joint-venture-casa-tarradellas

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodHERTA

12/2019

HERTA acquired by CASA TARRADELLAS

FRANCE Food Processing / Food Products / Meat & Cured Meat EV 500M - 1.5b EUR

Context

Nestle agreed to sell a 60% stake in Herta's charcuterie and dough business to Casa Tarradellas, creating a Joint Venture valued at EUR690 million. The new entity, incorporated in Spain, will be 60% owned by Casa Tarradellas and 40% by Nestle. The deal covers operations in six countries (France, Germany, Belgium, UK, Ireland, Luxembourg). Nestle explicitly retained the Herta vegetarian business to integrate it into its plant-based portfolio (Garden Gourmet), signaling a strategic pivot away from processed meats towards healthier alternatives.

HERTA, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Herta is a leading European brand specializing in charcuterie (cold cuts, frankfurters, bacon) and savory doughs (pie crusts, pizza dough). The brand holds leadership positions in several European markets, particularly France and Germany.

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Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2020	BC PARTNERS	PASTICCERIA BINDI	ITALY	Food Products
01/2020	BEMYCOMPANY CAPITAL PARTNERS	ACETAIA FONDO MONTEBELLO	ITALY	Food Products
12/2019	ARDIAN	CERELIA	FRANCE	Bakery / Pastry
10/2019	SEVEN2 / UI INVESTISSEMENT / CREDIT MUTUEL EQUITY	ROUTIN	FRANCE	Beverages
09/2019	HEINEKEN	GALLIA PARIS	FRANCE	Wines & Spirits
08/2019	PROGRESSIO SGR	POLENGHI	ITALY	Food Products
07/2019	INVESTINDUSTRIAL	NATRA	SPAIN	Food Products
07/2019	RIELLO INVESTIMENTI PARTNERS	FOODNESS	ITALY	Soft Drinks
06/2019	HEINEKEN	OEDIPUS	NETHERLANDS	Wines & Spirits
06/2019	MONDELEZ INTERNATIONAL	PERFECT SNACKS	UNITED STATES	Food Products

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HERTA by CASA TARRADELLAS 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: herta