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07/2019

PANZANI ALIMENTATION SANTÉ

Acquired by

MIDSONA

FRANCE B2B Specialized Distribution EV 50M - 150M EUR

Context

Midsona acquired 100% of the share capital of Alimentation Santé from Panzani SAS. The transaction was structured via a definitive share purchase agreement executed on a debt-free and cash-free basis, with the total consideration settled entirely in cash at closing. To finance the acquisition, Midsona secured a short-term bank bridge loan, which was later refinanced through an equity rights issue backed by its majority shareholder, Stena Adactum AB. This acquisition enabled the immediate integration of Alimentation Santé into Midsona's expanding European network as a standalone operating entity. Long-standing Managing Director Marjolaine Cevoz Goyat retained her position at the operational helm to ensure continuity across regional business activities.

PANZANI ALIMENTATION SANTÉ, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

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.

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Target

Panzani Alimentation Santé is a premier European corporate platform specializing in the development, manufacture, and multi-channel commercialization of premium 100% organic and plant-based food products. Operating through prominent wholly owned operating subsidiaries, notably Celnat in France and Vegetalia and Satoki in Spain, the company controls an extensive and diversified portfolio of high-growth product categories. Its commercial offerings range from pioneer dry grocery staples, breakfast cereals, flaked grains, and organic flour to highly technical fresh plant-based meat alternatives and vegetable proteins, including tofu, seitan, and tempeh. With institutional roots tracing back to 1979, the group runs sophisticated, specialized manufacturing assets across Southern Europe, utilizing a workforce of approximately 150 employees to drive

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2018
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2017
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Other operations with PANZANI ALIMENTATION SANTÉ

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PANZANI ALIMENTATION SANTÉ by MIDSONA are reserved for mynth community members. Register for free to unlock full data.

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

Acquirer: midsona