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10/2010

MATERNE-MONTBLANC (MOM GROUP) acquired by LBO FRANCE

FRANCE Food Processing / Food Products EV 100M - 350M EUR

Context

LBO France entered into exclusive negotiations to acquire a majority stake in Materne-Montblanc from the private equity firm Activa Capital. This Secondary LBO was negotiated directly between the parties, bypassing a broad industrial auction process because the management team explicitly favored a financial partner to continue their independent adventure. The deal is predicated on two major value creation strategies. First, international expansion: the group aims to transition from exporting products to the US to establishing local manufacturing capabilities (building a factory) to serve the massive American market. Second, brand synergies: the new shareholders plan to revitalize the lagging Montblanc brand by applying Materne's packaging innovation—specifically, launching Montblanc dairy desserts in the successful pouch format.

MATERNE-MONTBLANC (MOM GROUP), which reported an EBITDA margin of in 2009, is valued in this transaction at an EV/EBITDA multiple of , representing a to 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
2009
2008

Other operations with MATERNE-MONTBLANC (MOM GROUP)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
09/2016GROUPE BELMATERNE-MONTBLANC (MOM GROUP)FRANCEFood Products

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M 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 MATERNE-MONTBLANC (MOM GROUP) by LBO FRANCE 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: lbo france