At what enterprise value was JOHAN I HALLEN & BERGFALK acquired in 2023?

During the acquisition of JOHAN I HALLEN & BERGFALK by METRO in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of JOHAN I HALLEN & BERGFALK when it was acquired by METRO?

The exact EV/EBITDA multiple for JOHAN I HALLEN & BERGFALK is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was JOHAN I HALLEN & BERGFALK acquired by METRO?

JOHAN I HALLEN & BERGFALK was acquired by METRO in 2023.

What was the revenue of JOHAN I HALLEN & BERGFALK at the time of the deal?

The revenue of JOHAN I HALLEN & BERGFALK at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the JOHAN I HALLEN & BERGFALK 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 JOHAN I HALLEN & BERGFALK 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://newsroom.metroag.de/en/news/metro-expands-into-sweden-and-finland?dt=20230504

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Home Database Business ServicesJOHAN I HALLEN & BERGFALK

07/2023

JOHAN I HALLEN & BERGFALK acquired by METRO

SWEDEN B2B Specialized Distribution EV 100M - 350M EUR

Context

METRO AG expanded its European foodservice distribution platform through the acquisition of Johan i Hallen & Bergfalk (JHB) from Litorina. JHB is a leading Nordic supplier of fresh meat, fish and seafood products to the HoReCa sector, holding a strong position across Sweden and Finland. The acquisition provides METRO with an immediate entry into the Swedish and Finnish foodservice markets while strengthening its expertise in fresh protein categories. JHB contributes a well-established regional platform, long-standing customer relationships and differentiated processing capabilities. The transaction supports METRO’s strategy to expand its Food Service Distribution business, broaden its Northern European footprint and increase exposure to recurring demand from professional hospitality customers. JHB will continue to operate under its existing brand while benefiting from METRO’s international sourcing capabilities and foodservice distribution network.

JOHAN I HALLEN & BERGFALK, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Johan i Hallen & Bergfalk is a Nordic supplier specialising in the distribution and processing of fresh protein products for the HoReCa (hotel/restaurant/café) sector. The group is a leading player in Sweden across meat, fish and seafood categories and maintains an established presence in Finland. The company was formed in 2018 through the combination of Johan i Hallen and Bergfalk and was subsequently strengthened through a series of add-on acquisitions under the ownership of Litorina. Johan i Hallen & Bergfalk serves more than 4,000 professional customers, primarily hotels, restaurants, caterers and foodservice operators. The group operates production and logistics facilities across Sweden and Finland, enabling sourcing, processing, portioning and distribution of fresh protein products. Its operating model is built around category expertise, integrated processing capabilities and close customer relationships within the foodservice sector.

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Other operations with JOHAN I HALLEN & BERGFALK

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2023	JOHAN I HALLEN & BERGFALK	FISK IDAG	SWEDEN	B2B Specialized Distribution	Johan i Hallen & Bergfalk (JHB) is a Nordic fresh protein distribution and processing platform serving the HoReCa sector, further strengthening its Food Service Distribution (FSD) capabilities through the acquisition of Fisk Idag, a Gothenburg-based seafood specialist. Since its integration into METRO AG in May 2023, JHB has operated as a regional consolidation infrastructure across Sweden and Finland, combining specialised distribution, integrated processing capabilities and a logistics footprint covering key Nordic metropolitan areas. The acquisition of Fisk Idag reflects a targeted deepening of high-expertise categories, particularly fish and seafood, while reinforcing operational density in Western Sweden. The transaction enhances access to local fisheries sourcing networks, increases product assortment depth and adds incremental processing capacity within the group’s integrated value chain. Beyond geographic and category expansion, the deal supports a broader strategy of upgrading service levels to HoReCa customers through more specialised distribution solutions and improved proximity in key regional markets. It contributes to the development of a fully integrated Northern European foodservice platform, designed to address market fragmentation through a combination of local expertise, industrial integration and scale efficiencies.

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of JOHAN I HALLEN & BERGFALK by METRO are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: johan i hallen & bergfalk

Acquirer: metro