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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 LOGIN in 2009, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.5x).

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.

-> 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

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2009
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2008
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Other operations with MATERNE-MONTBLANC (MOM GROUP)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
09/2016GROUPE BELMATERNE-MONTBLANC (MOM GROUP)FRANCEFood Processing

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.

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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: lbo france