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04/2015

PARTNER IN PET FOOD (PPF) acquired by PAMPLONA CAPITAL MANAGEMENT

HUNGARY Food Processing / Petfood EV 300M - 700M EUR

Context

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. Under Advent's ownership, PPF consolidated its position in Central & Eastern Europe and expanded into Western Europe (notably the Netherlands). Pamplona intends to back the current CEO, Attila Balogh, and continue the buy-and-build strategy to create a pan-European champion.

It is worth noting that the fund Advent International took control of Partner In Pet Food through an LBO in 2011.

PARTNER IN PET FOOD (PPF), which reported an EBITDA margin of in 2014, 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

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
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2014
2013

Other operations with PARTNER IN PET FOOD (PPF)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2024CVCPARTNER IN PET FOOD (PPF)HUNGARYPetfood
04/2018CINVENPARTNER IN PET FOOD (PPF)HUNGARYPetfood
03/2011ADVENT INTERNATIONALPARTNER IN PET FOOD (PPF)HUNGARYPetfood

REFERENCES

Valuation range: EV 300M - 700M EUR

EBITDA range: 25M - 50M 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 PAMPLONA CAPITAL MANAGEMENT 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: pamplona capital management