At what enterprise value was KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) acquired in 2021?

During the acquisition of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) by PILGRIM'S PRIDE CORPORATION in 2021, 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 500M - 1.5b GBP. 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 AgriFood industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) when it was acquired by PILGRIM'S PRIDE CORPORATION?

The estimated EV/EBITDA multiple for KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) is in the range of 5x - 12x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

What was the EBITDA of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) during the acquisition?

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)'s EBITDA is estimated to be in the range of 50M - 100M GBP. Join our community for free to access complete and exact deal data.

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 KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) 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 KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) 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.frozenfoodsbiz.com/pilgrims-acquires-kerry-consumer-foods-meats-and-meals-business/

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Home Database AgriFoodKERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS)

06/2021

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) acquired by PILGRIM'S PRIDE CORPORATION

UNITED KINGDOM Food Processing / Food Products / Meat & Cured Meat EV 500M - 1.5b GBP

Context

Pilgrim's Pride has agreed to acquire the Meats and Meals business of Kerry Group plc. This acquisition adds a portfolio of high-margin, value-added brands to Pilgrim's existing UK operations. It allows Kerry Group to exit the lower-growth consumer foods segment to focus on its core taste and nutrition business.

KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS), which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).

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.

-> Deep-dive in AgriFood market trends

Target

The acquired business is a leading manufacturer of branded and private label meats, meat snacks, and food-to-go products in the UK and Ireland. Its portfolio includes iconic brands like Denny (sausages/ham), Richmond (sausages), and Fridge Raiders (meat snacks). It also operates a significant business in ethnic frozen and chilled ready meals. The division employs over 4,500 people and generated over £725 million in annual sales in 2020.

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04/2021	NACTAROME GROUP	TASTECONNECTION	UNITED KINGDOM	Food Processing	Ambienta-backed Nactarome Group completed the acquisition of TasteConnection from its founders, marking its fourth add-on in 2.5 years and establishing a UK industry hub. Transaction facts detail full ownership transfer of the seasonings specialist, integrating its Gloucestershire facility adjacent to Nactarome's existing operations for streamlined synergies
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04/2021	JBS S.A.	VIVERA	NETHERLANDS	Food Processing	JBS S.A. has entered into an agreement to acquire 100% of the share capital of Vivera from the private equity firm Gilde Buy Out Partners. This transaction represents a major strategic milestone for JBS, granting it an immediate, scalable industrial platform in the European plant-based market

REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 450M - 900M GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KERRY CONSUMER FOODS (MEATS AND MEALS BUSINESS) by PILGRIM'S PRIDE CORPORATION 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).