At what enterprise value was KERRY SWEET INGREDIENTS acquired in 2023?

During the acquisition of KERRY SWEET INGREDIENTS by IRCA / ADVENT INTERNATIONAL 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 500M - 1.5b 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 AgriFood industry currently tracks an average EBITDA multiple of 10.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of KERRY SWEET INGREDIENTS when it was acquired by IRCA / ADVENT INTERNATIONAL?

The estimated EV/EBITDA multiple for KERRY SWEET INGREDIENTS is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.6x. Join our community for free to access full valuation data and industry trends.

What was the revenue of KERRY SWEET INGREDIENTS at the time of the deal?

The revenue of KERRY SWEET INGREDIENTS at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of KERRY SWEET INGREDIENTS during the acquisition?

KERRY SWEET INGREDIENTS's EBITDA is estimated to be in the range of 25M - 50M EUR. 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 SWEET INGREDIENTS 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 SWEET INGREDIENTS 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.adventinternational.com/news/kerry-to-sell-its-sweet-ingredients-portfolio-to-advent-internationals-portfolio-company-irca/

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Home Database AgriFoodKERRY SWEET INGREDIENTS

01/2023

KERRY SWEET INGREDIENTS

Acquired by

IRCA & ADVENT INTERNATIONAL

IRELAND Food Processing / Ingredients EV 500M - 1.5b EUR

KERRY SWEET INGREDIENTS acquired by IRCA & ADVENT INTERNATIONAL

IRELAND Food Processing / Ingredients EV 500M - 1.5b EUR

Context

Kerry Group entered into exclusive negotiations to divest its Sweet Ingredients Portfolio to IRCA, a portfolio company of the global private equity firm Advent International. This transaction represents a strategic move for Kerry Group to refine and enhance its core Taste & Nutrition business. By divesting the sweet ingredients assets, Kerry aims to sharpen its focus on higher-value and more strategic areas of its portfolio, aligning its resources with segments where it can generate the most significant value. The proceeds from the sale are intended for general corporate purposes and to fund the continued strategic development of its primary business divisions. For the acquirer, IRCA, the deal is a transformative step in its growth strategy under Advent International's ownership. The acquisition is highly complementary, adding a differentiated set of technologies and expanding IRCA's product capabilities. It significantly strengthens IRCA’s footprint, particularly in the United States, and accelerates its goal of becoming a truly global leader in the semi-finished food ingredients market. This transaction is part of a broader buy-and-build strategy orchestrated by Advent to create a dominant player in the sector, marking the third major acquisition for IRCA since Advent's initial investment.

KERRY SWEET INGREDIENTS, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.6x).

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 Sweet Ingredients Portfolio is a leading manufacturer of sweet and cereal products, possessing a wide array of technological capabilities. It primarily serves diverse end markets, including bakery, cereal, confectionery, dairy, and ice cream sectors across Europe and the United States. The business's operational footprint is extensive, comprising ten manufacturing facilities strategically located to serve its customer base. Four of these facilities are situated in the United States, with locations in Illinois, Kansas, Missouri, and California. The remaining six facilities are spread across Europe, with operations in the United Kingdom, the Netherlands, Germany, and France. The product offering is comprehensive and specialized, featuring a range of items such as sweet particulates, various chocolate confections, and baked inclusions designed to add texture and flavor to finished goods. The portfolio also includes variegates, used for creating swirls and patterns in products like ice cream, and a variety of fruit purées for fillings and flavorings. This diverse manufacturing base and product range allow the business to cater to the complex and evolving needs of major food producers in its key markets.

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Other operations with KERRY SWEET INGREDIENTS

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KERRY SWEET INGREDIENTS by IRCA / ADVENT INTERNATIONAL are reserved for mynth community members. Register for free to unlock full data.

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

Target: kerry sweet ingredients

Acquirer: irca / advent international