When was LIBERTE acquired by YOPLAIT?

LIBERTE was acquired by YOPLAIT in 2010.

What was the revenue of LIBERTE at the time of the deal?

The revenue of LIBERTE at the time of the deal is estimated to be in the range of 100M - 200M CAD.

How is the data for the LIBERTE 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 LIBERTE 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.lapresse.ca/affaires/economie/quebec/201012/15/01-4352763-produits-laitiers-yoplait-achete-la-quebecoise-liberte.php

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Home Database AgriFoodLIBERTE

12/2010

LIBERTE acquired by YOPLAIT

CANADA Food Processing / Food Products / Dairy REV 100M - 200M CAD

Context

Yoplait has acquired the Canadian yogurt manufacturer Liberte from private equity owners Swander Pace Capital and Roynat Capital. This acquisition provides Yoplait with a dominant position in the high-growth "Greek" and "Organic" yogurt segments in North America. The deal guarantees the continuity of operations in Quebec, with no planned job cuts. Strategically, this acquisition bolsters Yoplait's portfolio just months before its shareholders (PAI Partners) initiated the sale of their own stake in Yoplait to General Mills.

LIBERTE, which reported an EBITDA margin of in 2009, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Founded in 1928 in Montreal, Liberte is a historic Canadian producer of natural dairy products. Originally a manufacturer of cream cheese and cottage cheese, the company pivoted to specialize in high-quality, clean-label yogurts. It is the market leader in Canada for "Organic" and "Greek" yogurts. With manufacturing facilities in Quebec, Ontario, and British Columbia, the company employs 600 people (280 in Quebec). Liberte has experienced rapid double-digit growth (13% CAGR since 2004), driven by consumer demand for healthier, protein-rich dairy options.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (CAD)

Year

Rev

EBITDA

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2009

2008

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2013	EQUISTONE	MADEMOISELLE DESSERTS	FRANCE	Bakery / Pastry
09/2013	EQUISTONE	CHARLES & ALICE	FRANCE	Food Products
08/2013	INVESTCORP	TYRRELLS	UNITED KINGDOM	Food Products
07/2013	ARTÉMIS	MICHEL ET AUGUSTIN	FRANCE	Food Products
07/2011	IK PARTNERS	SOLINA GROUP	FRANCE	Ingredients
05/2011	MCH PRIVATE EQUITY	EUROPASTRY	SPAIN	Bakery / Pastry
05/2011	GENERAL MILLS	YOPLAIT	FRANCE	Dairy
03/2011	ADVENT INTERNATIONAL	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood
10/2010	LBO FRANCE	MATERNE-MONTBLANC (MOM GROUP)	FRANCE	Food Products
06/2007	ARDIAN	DIANA GROUP	FRANCE	Ingredients

REFERENCES

Revenue range: 100M - 200M CAD

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

Acquirer: yoplait