At what enterprise value was PANRICO acquired in 2015?

You can find the full valuation details of PANRICO on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PANRICO when it was acquired by GRUPO BIMBO?

The estimated EV/EBITDA multiple for PANRICO is in the range of 5x - 12x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was PANRICO acquired by GRUPO BIMBO?

PANRICO was acquired by GRUPO BIMBO in 2015.

What was the EBITDA of PANRICO during the acquisition?

PANRICO's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the PANRICO 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 PANRICO 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.grupobimbo.com/en/press/releases/productivity/grupo-bimbo-acquire-iberian-company-panrico-sau-transaction-will

← DATABASE

Home Database AgriFoodPANRICO

07/2015

PANRICO acquired by GRUPO BIMBO

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

Context

Grupo Bimbo reached a definitive agreement to acquire 100% of the shares of Panrico S.A.U. The transaction is structured as a partial acquisition: Bimbo acquires the high-margin sweet baked goods business but excludes the "branded packaged bread" category. This exclusion was likely driven by antitrust considerations, as Bimbo already held a dominant position in the Spanish bread market. The deal allows Bimbo to capture significant manufacturing and distribution synergies in the Iberian region.

PANRICO, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).

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

Panrico is one of the leading producers in the Iberian baking industry. The acquisition specifically encompasses its "Sweet Baked Goods" and "Buns & Rolls" divisions, excluding the branded packaged bread category. The portfolio includes iconic local brands such as Donuts®, Donettes®, Bollycao® (chocolate buns), La Bella Easo®, and Qe!®. At the time of the deal, Panrico operated nine production facilities and employed over 2,000 associates.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2015

2014

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2015	IK PARTNERS	SALAD SIGNATURE	NETHERLANDS	Food Processing	IK Investment Partners has agreed to acquire Salad Signature from AAC Capital. The company generated revenue of EUR176 million in 2015. This Secondary LBO facilitates the exit of AAC Capital, which had built the group through the merger of Johma and Hamal
10/2015	ARDIAN	SOLINA GROUP	FRANCE	Food Processing	Ardian has entered into exclusive negotiations to acquire a majority stake in Solina Group from IK Investment Partners. This transaction marks the fifth Leveraged Buyout (LBO) in the company's history, highlighting its consistent cash flow generation and attractiveness to financial sponsors
07/2015	ARDIAN	IRCA	ITALY	Food Processing	Ardian, a pan-European private equity firm, acquired a majority controlling stake in Irca, a prominent family-owned Italian manufacturer of bakery and pastry ingredients. The transaction was executed through Ardian's Mid Cap Buyout fund, Axa Lbo Fund V
06/2015	TA ASSOCIATES	HANA GROUP	FRANCE	Food Processing	TA Associates has executed a definitive agreement to acquire a 70% majority stake in Hana Group, marking a strategic transition from an entrepreneurial governance model toward an institutionalized corporate structure optimized for global market consolidation
06/2015	IK PARTNERS	CERELIA	FRANCE	Food Processing	IK Investment Partners acquired a majority stake in Cérélia Group, succeeding a consortium of investors led by Sagard, Capzanine, Cerea Capital, and BNP Développement. The transaction was structured as a preemptive bid, valuing the group at approximately €300 million
05/2015	SOLINA GROUP	PAULIG GROUP - Corporate FLAVORING DIVISION	FINLAND	Food Processing	Solina Group continues its aggressive external growth strategy by acquiring the "Industrial Flavoring" division of the Finnish Paulig Group. This transaction includes the subsidiaries Lihel Oy (Finland), Nordfalks AS (Estonia), and Nordfalks Industrie AB (Sweden)
04/2015	PAMPLONA CAPITAL MANAGEMENT	PARTNER IN PET FOOD (PPF)	HUNGARY	Food Processing	Pamplona Capital Management has acquired Partner in Pet Food (PPF) from Advent International. This secondary buyout marks a successful exit for Advent, which originally carved out the business (then Provimi Pet Food) in 2011 for EUR188 million
02/2015	SAGARD	DELICE DES 7 VALLEES	FRANCE	Food Processing	The founding family of Delices des 7 Vallees has opened the capital to private equity firm Sagard in an Owner Buy-Out (OBO) transaction, while the company's leader retained a significant stake. The partnership aims to fund an ambitious development plan, including doubling the production capacity of one of its French sites (opened in 2010) and establishing the company's first manufacturing plant outside of France to accelerate international sales
02/2015	A.G. BARR	FUNKIN	UNITED KINGDOM	Food Processing	A.G. BARR has completed the acquisition of Funkin, the UK brand leader in the professional mixology market. The strategic rationale for the deal is the immediate integration of a fast-growing, high-margin brand (c
12/2014	OLAM INTERNATIONAL	MCCLESKEY MILLS	UNITED STATES	Food Processing	Olam International agreed to acquire 100% of the equity of McCleskey Mills Inc. from its owners. The deal is structured as a full‑control buy‑out, with the key employee shareholders, including Joe West, remaining in the business to drive integration and future growth

REFERENCES

Valuation range: EV 100M - 350M 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 PANRICO by GRUPO BIMBO 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).

Press release: view release

Acquirer: grupo bimbo