KERSIA
Acquired by
IK PARTNERS
KERSIA acquired by IK PARTNERS
Target
KERSIA
Acquirer
IK PARTNERS
Context
IK Investment Partners acquired a majority stake in Kersia from Ardian. This transaction was initiated through exclusive negotiations via the IK IX fund, marking the first deal for this specific vehicle. The investment strategy is focused on supporting the group through its next phase of growth and continuing an active global sector consolidation policy. The project builds on the target's remarkable trajectory, having tripled in size in less than four years through the successive integration of six specialized companies. The new shareholder intends to capitalize on the group's technological expertise and extensive geographical presence to reinforce its leadership in the food safety sector. The transaction also allows the historical shareholder to realize the value created while passing the baton to a partner experienced in supporting high-growth industrial leaders.
KERSIA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 13.4x average currently observed in the Healthcare & Pharma sector.
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Target
Kersia is a global leader in food safety. It provides end-to-end solutions for preventing diseases and contamination in both animals and humans throughout the entire food supply chain. The group develops, manufactures, and sells a wide range of hygiene and disinfection solutions for the farming and food processing industries. With a strong commitment to sustainable development, the firm integrates ecological products into its core offering to meet increasing regulatory and consumer demands. Following multiple strategic acquisitions, the group has scaled its operations significantly, employing nearly 1,800 people worldwide. Its expertise spans from farm-level biosecurity to advanced Corporate hygiene for food manufacturing plants, positioning the firm as a global reference for food safety and environmental protection.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with KERSIA
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2025 | KERSIA | NEOGEN (ANIMAL BIOSECURITY DIVISION) | UNITED STATES | Sterilization & Hygiene | Kersia is acquiring the animal biosecurity cleaners and disinfectants business from Neogen® through an exclusive agreement. This strategic transaction marks a major entry for the French group into the North American swine and poultry markets, complementing its existing domestic presence in the ruminant sector. The acquisition is a transformative step for the group, doubling its American activity and positioning it among the top three global players in the agricultural hygiene and disinfection market. The strategy focuses on leveraging the target's extensive product registration portfolio and its three dedicated U.S. manufacturing sites to provide nationwide coverage. This deal also expands the acquirer's international footprint into 20 new countries, particularly in Central America and the Asia-Pacific region, supporting its ambition to become the undisputed global leader in animal biosecurity. |
| 11/2020 | KERSIA | SOPURA | BELGIUM | Sterilization & Hygiene | Kersia acquired 100% of Sopura from its shareholders as part of a strategic build-up program. This transaction was integrated into a larger financing package arranged during the acquirer's own ownership transition to a new private equity sponsor. The acquisition represents a major strategic shift, allowing the group to significantly increase its exposure to the beverage industry—moving from less than 2% to over 15% of its pro forma revenue. Strategically, the deal combines the target's specialized brewing hygiene expertise and rinse-free product lines with the acquirer's global food safety platform. Geographically, the operation provides the acquirer with immediate access to established manufacturing sites in Australia, South Africa, and Vietnam, while offering the target's products a pathway into North and South American markets through the group's existing network. |
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