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07/2011

SOLINA GROUP acquired by IK PARTNERS

FRANCE Food Processing / Ingredients EV 100M - 350M EUR

Context

IK Investment Partners has agreed to acquire a majority stake in Savena from French private equity funds Cerea Capital and Azulis Capital. This transaction marks the beginning of a major consolidation phase for the company (which would later merge with SFK to become Solina). The management team reinvests in the transaction (having previously held 22.5%). The deal is driven by an ambitious growth strategy to double the company's size by 2016 through international external growth. Financing is provided to support acquisitions in Europe and emerging markets like Russia and China.

SOLINA GROUP, which reported an EBITDA margin of in 2010, 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

Headquartered in Brittany, France, Solina is a leading European producer of savory ingredients for the food industry. The group designs and manufactures customized ingredient solutions (seasonings, marinades, coatings, sauces) for clients ranging from local butchers and food service providers to major multinational food manufacturers (e.g., PepsiCo). At the time of the deal, Solina operated 25 production sites and R&D centers across Europe and Canada, employed 2,250 people, and served over 18,000 customers. The company is known for its "culinary" approach to Corporate ingredients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2010
2009

Other operations with SOLINA GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2021ASTORGSOLINA GROUPFRANCEIngredients
10/2015ARDIANSOLINA GROUPFRANCEIngredients
05/2015SOLINA GROUPPAULIG GROUP - Corporate FLAVORING DIVISIONFINLANDIngredients
02/2014SOLINA GROUPSFK FOODDENMARKIngredients

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SOLINA GROUP by IK PARTNERS 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: ik partners