At what enterprise value was ICELAND FOODS GROUP acquired in 2012?

During the acquisition of ICELAND FOODS GROUP by MANAGEMENT & PRIVATE INVESTORS in 2012, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b GBP.

What was the EV/EBITDA of ICELAND FOODS GROUP when it was acquired by MANAGEMENT & PRIVATE INVESTORS?

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

What was the revenue of ICELAND FOODS GROUP at the time of the deal?

The revenue of ICELAND FOODS GROUP at the time of the deal is estimated to be in the range of 1b - 3b GBP.

What was the EBITDA of ICELAND FOODS GROUP during the acquisition?

ICELAND FOODS GROUP's EBITDA is estimated to be in the range of 150M - 250M GBP.

How is the data for the ICELAND FOODS GROUP 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 ICELAND FOODS GROUP 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.reuters.com/article/world/us/founder-buys-back-iceland-foods-idUSBRE8280W5/

← DATABASE

Home Database Retail & ConsumerICELAND FOODS GROUP

03/2012

ICELAND FOODS GROUP acquired by MANAGEMENT & PRIVATE INVESTORS

UNITED KINGDOM Retail / Food Retail / General Grocery EV 1b - 4b GBP

Context

The management team of Iceland Foods, led by founder Malcolm Walker, has successfully acquired the company from the liquidators of the failed Icelandic banks Landsbanki and Glitnir. This transaction returns the company to British ownership and operational independence after a period of uncertainty following the 2008 Icelandic banking collapse. The deal structure involves the management team securing 43% of the equity and board control, while a consortium of three co-investors (Brait, Lord Kirkham, Landmark Group) acquires the remaining 57%. The acquisition is funded through a combination of equity and a substantial all-senior debt package provided by a syndicate of five major banks.

ICELAND FOODS GROUP, which reported an EBITDA margin of in 2012, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

-> Deep-dive in Retail & Consumer market trends

Target

Headquartered in Deeside, Iceland Foods is one of the UK's leading frozen food retailers. Founded in 1970, the company operates over 800 stores across the UK, specializing in frozen foods, convenience meals, and value groceries. It is distinct for its focus on innovation in frozen products and its unique free home delivery service. In 2012, the company employed approximately 23,000 staff and served over five million customers, being recognized as the "Best Big Company to Work For" in the UK.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2012

2011

Similar deals in Retail

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2017	OUEST CROISSANCE	EASY CASH	FRANCE	Second-hand Goods
03/2017	ARDIAN	PROSOL	FRANCE	General Grocery
11/2016	JD SPORTS	GO OUTDOORS	UNITED KINGDOM	Sport
05/2016	PUBLIC MARKETS (IPO)	MAISONS DU MONDE	FRANCE	Home & DIY
08/2015	LAGARDERE TRAVEL RETAIL	PARADIES	UNITED STATES	Specialized Retail
06/2014	AVOLTA	THE NUANCE GROUP	SWITZERLAND	Specialized Retail
06/2013	BAIN CAPITAL	MAISONS DU MONDE	FRANCE	Home & DIY
03/2013	ALPHA PRIVATE EQUITY	VERTBAUDET	FRANCE	Fashion & Apparel
04/2007	APAX PARTNERS / LBO FRANCE	MAISONS DU MONDE	FRANCE	Home & DIY
06/2005	BARCLAYS PRIVATE EQUITY / NATEXIS INDUSTRIE	MAISONS DU MONDE	FRANCE	Home & DIY

REFERENCES

Valuation range: EV 1b - 4b GBP

Revenue range: 1b - 3b GBP

EBITDA range: 150M - 250M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ICELAND FOODS GROUP by MANAGEMENT & PRIVATE INVESTORS 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.