POLENGHI acquired by PROGRESSIO SGR
Context
Progressio SGR has acquired a minority stake in Polenghi Food S.p.A. from the founding family. The capital injection is aimed at accelerating the company's international growth, particularly in the United States (its largest market) and consolidating its leadership in Europe. The strategic plan also includes potential add-on acquisitions to expand the product portfolio and strengthen geographic presence.
POLENGHI, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.9x).
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
Founded in 1976 and based near Piacenza, Polenghi Food is a global leader in the production and distribution of lemon and lime juice for condiments. The company specializes in packaging citrus juices for major retail chains (GDO) and food service clients worldwide. Under the leadership of Marco Polenghi, the company has pursued an aggressive internationalization strategy, establishing production and commercial subsidiaries in Europe and the United States. It exports to over 80 countries, with significant market presence in the US, France, and the UK.
Ent. Value
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Equity Value
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Multiples
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M EUR
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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: progressio sgr