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M&A

LIBERTE

Acquired by

YOPLAIT

CANADA Food Processing EV [100m CAD - 500m CAD] 12/2010

Target

LIBERTE

Acquirer

YOPLAIT

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.

This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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

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

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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)

Year
Rev
EBITDA
EBIT
2009
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2008
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Other operations with LIBERTE

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.