At what enterprise value was LA PIADINERIA acquired in 2017?

During the acquisition of LA PIADINERIA by PERMIRA in 2017, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of LA PIADINERIA when it was acquired by PERMIRA?

The estimated EV/EBITDA multiple for LA PIADINERIA is in the range of 10x - 18x.

When was LA PIADINERIA acquired by PERMIRA?

LA PIADINERIA was acquired by PERMIRA in 2017.

What was the revenue of LA PIADINERIA at the time of the deal?

The revenue of LA PIADINERIA at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of LA PIADINERIA during the acquisition?

LA PIADINERIA's EBITDA is estimated to be in the range of 10M - 30M EUR.

How is the data for the LA PIADINERIA 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 LA PIADINERIA 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://bebeez.eu/2017/12/22/permira-takes-control-of-la-piadineria-italys-casual-food-chain-in-a-250-mln-euros-deal/

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Home Database Retail & ConsumerLA PIADINERIA

12/2017

LA PIADINERIA acquired by PERMIRA

ITALY Hospitality & Leisure / Hospitality / Restaurants / Chains EV 300M - 700M EUR

Context

Permira acquired a controlling stake in La Piadineria from the specialized fund Idea Taste of Italy (managed by Dea Capital Alternative Funds). The high valuation reflects the intense competition during the auction (bidders included Bain, Carlyle and L Catterton). The seller reinvested to keep a minority stake (10%) alongside the management team. The deal aims to accelerate store openings in Italy and establish a presence in European markets, starting with France (Nice and Marseille).

LA PIADINERIA, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Founded in 1994, La Piadineria transformed a traditional regional street food (the "Piadina") into a scalable, modern and fast-casual chain. The company operates a network of 165 restaurants (2017) located primarily in shopping centers and urban hubs accross Northern and Central Italy.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

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2017

2016

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Date	Acquirer	Target	Country	Sector
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02/2018	ARBY’S RESTAURANT GROUP	BUFFALO WILD WINGS	UNITED STATES	Restaurants / Chains
11/2017	LEONARD GREEN & PARTNERS	PUREGYM	UNITED STATES	Hospitality
10/2017	TDR CAPITAL	BUFFALO GRILL	FRANCE	Restaurants / Chains
09/2017	FREEMAN SPOGLI	CAFE RIO	UNITED STATES	Restaurants / Chains
09/2017	GLOBAL FRANCHISE GROUP	ROUND TABLE PIZZA	UNITED STATES	Restaurants / Chains
05/2017	BLUEGEM CAPITAL PARTNERS	BIG FERNAND	FRANCE	Restaurants / Chains
04/2017	BLUEGEM CAPITAL PARTNERS	GRUPO RESTAURACIÓN LATERAL	SPAIN	Restaurants / Chains
04/2017	JAB BEECH	PANERA BREAD COMPANY	UNITED STATES	Restaurants / Chains
12/2016	ICG	PARK HOLIDAYS	UNITED KINGDOM	Hospitality

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LA PIADINERIA by PERMIRA 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.

Target: la piadineria

Acquirer: permira