At what enterprise value was PRINCES acquired in 2024?

During the acquisition of PRINCES by NEWPRINCES GROUP in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b 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 10.7x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PRINCES when it was acquired by NEWPRINCES GROUP?

The estimated EV/EBITDA multiple for PRINCES is in the range of 5x - 12x. 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 PRINCES acquired by NEWPRINCES GROUP?

PRINCES was acquired by NEWPRINCES GROUP in 2024.

What was the revenue of PRINCES at the time of the deal?

The revenue of PRINCES at the time of the deal is estimated to be in the range of 1b - 3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of PRINCES during the acquisition?

PRINCES's EBITDA is estimated to be in the range of 100M - 200M 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 PRINCES 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 PRINCES 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.zonebourse.com/cours/action/NEWPRINCES-S-P-A-73950603/actualite/Newlat-Food-finalise-l-acquisition-de-Princes-et-nomme-un-nouveau-conseil-d-administration-47504775/

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Home Database AgriFoodPRINCES

07/2024

PRINCES acquired by NEWPRINCES GROUP

UNITED KINGDOM Food Processing / Food Products EV 500M - 1.5b EUR

Context

Newlat Food S.p.A. (now NewPrinces) has successfully finalized the acquisition of 100% of the share capital of Princes Limited from Mitsubishi Corporation. This transformative transaction fulfills Newlat's 20-year vision to evolve from a family-owned business into a major multinational player. The integration creates a new European food industry champion—renamed "New Princes Group"—with a combined workforce of approximately 8,800 employees and a diversified portfolio covering ten distinct product categories. Following the closing, a new Board of Directors was appointed to lead the combined entity, with ambitious strategic targets set for 2030, including significant expansion in revenue, profitability, and free cash flow generation.

PRINCES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Headquartered in Liverpool, Princes Limited is one of the UK's largest food and drink groups. Established in 1880, it has grown into a major international grocery supplier, managing a vast portfolio of branded and customer-own brand products. Its key categories include canned fish, fruit, and meat, as well as edible oils and soft drinks. The company owns iconic heritage brands such as Princes, Napolina (the UK's #1 Italian cooking brand), Batchelors (peas), and Flora (sunflower oil). Before the transaction, it was a wholly-owned subsidiary of Mitsubishi Corporation.

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2024

2023

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2024	VALEO FOODS GROUP	I.D.C. HOLDING	SLOVAKIA	Food Products
08/2024	CINVEN	VITAMIN WELL	SWEDEN	Soft Drinks
07/2024	EMMI GROUP	MADEMOISELLE DESSERTS	FRANCE	Bakery / Pastry
07/2024	TOWERBROOK	IDAK FOOD GROUP	SWITZERLAND	Food Products
07/2024	GRUPO MAYRIT INVERSIONES ALIMENTARIAS	PANIFICADORA POPULAR	SPAIN	Bakery / Pastry
07/2024	AUSNUTRIA DAIRY	AMALTHEA	NETHERLANDS	Dairy
06/2024	IDILIA FOODS	GRUPO CACAOLAT	SPAIN	Soft Drinks
04/2024	BRIDOR	PANDRIKS	NETHERLANDS	Bakery / Pastry
04/2024	CAMPARI GROUP	COURVOISIER	FRANCE	Wines & Spirits
04/2024	GLANDIA NUTRITIONALS	FLAVOR PRODUCERS	UNITED STATES	Ingredients

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PRINCES by NEWPRINCES GROUP 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.

Acquirer: newprinces group