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LABEYRIE FINE FOODS

Acquired by

PAI PARTNERS

FRANCE Food Processing EV [500m EUR - 1b EUR] 06/2014

Target

LABEYRIE FINE FOODS

Acquirer

PAI PARTNERS

Context

PAI Partners acquired a 50% stake in Labeyrie Fine Foods, replacing the outgoing sponsor LBO France. The transaction valued the company at approximately EUR600 million. The historic shareholder, the Lur Berri cooperative, retained the other 50% stake, maintaining a co-control governance structure. PAI's entry was aimed at accelerating Labeyrie's international expansion and consolidating the fragmented premium food market in Europe.

LABEYRIE FINE FOODS, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.1x average currently observed in the AgriFood sector.

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

Labeyrie Fine Foods is a leading European producer of "accessible premium" food products. The group owns iconic brands such as Labeyrie (foie gras, smoked salmon), Blini (tarama, blinis), and Delpierre (seafood). It operates a vertically integrated model, securing high-quality raw materials through its partnership with the Lur Berri cooperative. At the time of the deal, the group was a dominant player in the festive food market in France and the UK.

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)

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EBITDA
EBIT
2014
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2013
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Other operations with LABEYRIE FINE FOODS

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.