SFK FOOD acquired by SOLINA GROUP
Context
Solina Group has acquired the Danish company SFK Food from the private equity fund Odin Equity. This strategic acquisition significantly strengthens Solina's footprint in Northern Europe (Scandinavia), complementing its existing leadership in France and the Benelux. Concurrently, Solina completed a major refinancing of its debt, securing a new package of EUR166 million arranged by CA CIB and BNP Paribas. This financing was used to fund the acquisition of SFK Food and to repay shareholder loans, effectively allowing IK Investment Partners to realize a partial exit (Dividend Recap) while retaining majority ownership.
SFK FOOD, which reported an EBITDA margin of in 2016, 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).
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Target
Headquartered in Viborg, Denmark, SFK Food is a leading Scandinavian supplier of spices, marinades, and functional ingredients, primarily serving the meat and poultry processing industry. The company has a strong historical heritage in Denmark and exports to neighboring Nordic countries, the Baltics, and Russia. Before the acquisition, it was owned by the Danish private equity fund Odin Equity.
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2014 | SYMRISE | DIANA GROUP | FRANCE | Ingredients |
| 03/2014 | CHARTERHOUSE | NUOVA CASTELLI | ITALY | Dairy |
| 02/2014 | RIVERSIDE | CASA OPTIMA | ITALY | Ingredients |
| 12/2013 | DANTE BIGI S.R.L. | GRUPPO ALIVAL | ITALY | Dairy |
| 11/2013 | EQUISTONE | MADEMOISELLE DESSERTS | FRANCE | Bakery / Pastry |
| 11/2013 | FRUTAROM | PTI (PROTEIN TECHNOLOGIES INGREDIENTS GROUP) | RUSSIA | Ingredients |
| 09/2013 | EQUISTONE | CHARLES & ALICE | FRANCE | Food Products |
| 08/2013 | INVESTCORP | TYRRELLS | UNITED KINGDOM | Food Products |
| 07/2013 | ARTÉMIS | MICHEL ET AUGUSTIN | FRANCE | Food Products |
| 07/2011 | IK PARTNERS | SOLINA GROUP | FRANCE | Ingredients |
REFERENCES
Revenue range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.