At what enterprise value was PARTNER IN PET FOOD (PPF) acquired in 2018?

You can find the full valuation details of PARTNER IN PET FOOD (PPF) on mynth capital. 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 10.7x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PARTNER IN PET FOOD (PPF) when it was acquired by CINVEN?

The exact EV/EBITDA multiple for PARTNER IN PET FOOD (PPF) is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.7x. Join our community for free to access full valuation data and industry trends.

When was PARTNER IN PET FOOD (PPF) acquired by CINVEN?

PARTNER IN PET FOOD (PPF) was acquired by CINVEN in 2018.

What was the revenue of PARTNER IN PET FOOD (PPF) at the time of the deal?

The revenue of PARTNER IN PET FOOD (PPF) at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 PARTNER IN PET FOOD (PPF) 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 PARTNER IN PET FOOD (PPF) 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.unquote.com/cee/official-record/3009662/cinven-acquires-partner-in-pet-food-from-pamplona

← DATABASE

Home Database AgriFoodPARTNER IN PET FOOD (PPF)

04/2018

PARTNER IN PET FOOD (PPF) acquired by CINVEN

HUNGARY Food Processing / Petfood REV 250M - 500M EUR

Context

Cinven has acquired Partner in Pet Food (PPF) from Pamplona Capital Management. This Secondary Buyout sees the exit of Pamplona, which had owned the business since 2015. Cinven was attracted by PPF's market-leading position in the fragmented European market and plans to accelerate growth through further acquisitions (Buy-and-Build) and product premiumization. The current management team, led by CEO Attila Balogh, will remain in place to drive the next phase of growth.

Partner In Pet Food had already undergone several LBOs in the past, notably in 2011 with Advent International and in 2015 with Pamplona Capital Management. These multiple LBO cycles illustrate the strong appeal for this type of asset.

PARTNER IN PET FOOD (PPF), which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Partner in Pet Food (PPF) operates as a developer and manufacturer of high-quality food solutions for dogs and cats. Established in the 1990s and headquartered in Budapest, Hungary, the company’s business model centers on a multi-channel commercial infrastructure. The platform supplies a diversified portfolio of over 600 clients, including grocery retailers, specialized pet store chains, e-commerce platforms, and veterinary clinics across approximately 40 countries. The company functions as Europe's second-largest producer of private-label pet food, delivering dry food, cans, pouches, and snacks, while simultaneously scaling its own regional brand ecosystem which includes PreVital, Shelma, Reno, and Bozita. The organization’s operational architecture is built around an integrated industrial footprint consisting of +10 production facilities located across ten European countries, including France, the Netherlands, Germany, Sweden, and Poland. By controlling this multi-site manufacturing network, PPF manages localized production and supply chain logistics to serve its international retail and clinical accounts.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with PARTNER IN PET FOOD (PPF)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2024	CVC	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood
04/2015	PAMPLONA CAPITAL MANAGEMENT	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood
03/2011	ADVENT INTERNATIONAL	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood

REFERENCES

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 PARTNER IN PET FOOD (PPF) by CINVEN 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.

Target: partner in pet food (ppf)

Acquirer: cinven