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09/2016

MATERNE-MONTBLANC (MOM GROUP) acquired by GROUPE BEL

FRANCE Food Processing / Food Products EV 500M - 1.5b EUR

Context

Groupe Bel entered into exclusive negotiations to acquire a majority stake in MOM Group from the private equity firm LBO France. The current management team will remain in place and retain a minority shareholding, ensuring a degree of operational autonomy for MOM within the larger Bel group. This transaction concludes a secondary LBO initiated in 2010. LBO France had previously received interest from other financial sponsors and industrial players but chose to hold the asset longer to maximize the value created by its US expansion.

It is worth noting that the fund Lbo France took control of Materne-Montblanc through an LBO in 2010.

MATERNE-MONTBLANC (MOM GROUP), which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Materne-Montblanc is a major French food processing group specializing in shelf-stable (ambient) fruit and dairy snacks. The group was formed through the consolidation of two heritage brands with distinct market positions. Materne, famous for its jams and compotes, revolutionized the market with the invention of the "Pom'Pote" (fruit pouch), transforming applesauce into a portable, on-the-go snack for children. Montblanc, on the other hand, is a historic brand known for its indulgent dairy dessert creams sold in cans and cups.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2015
2014

Other operations with MATERNE-MONTBLANC (MOM GROUP)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2010LBO FRANCEMATERNE-MONTBLANC (MOM GROUP)FRANCEFood Products

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MATERNE-MONTBLANC (MOM GROUP) by GROUPE BEL 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.