At what enterprise value was GREENYARD acquired in 2025?

During the acquisition of GREENYARD by SOLUM PARTNERS in 2025, 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 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of GREENYARD when it was acquired by SOLUM PARTNERS?

The estimated EV/EBITDA multiple for GREENYARD is in the range of 5x - 12x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was GREENYARD acquired by SOLUM PARTNERS?

GREENYARD was acquired by SOLUM PARTNERS in 2025.

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

The revenue of GREENYARD at the time of the deal is estimated to be in the range of 5b - 100b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of GREENYARD during the acquisition?

GREENYARD'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 GREENYARD 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 GREENYARD 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://solumpartners.com/wp-content/uploads/2025/09/Garden-Sarl-acquires-100-of-Greenyard-through-simplified-squeeze-out-Greenyard-shares-delisted-from-Euronext-Brussels.pdf

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Home Database AgriFoodGREENYARD

12/2025

SOLUM PARTNERS takes majority stake in GREENYARD

BELGIUM Food Processing / Food Products EV 500M - 1.5b EUR

Context

This take-private transaction transitions Greenyard NV from a public listing on Euronext Brussels into a closely held corporate structure, executing a strategic buy-out engineered by Solum Partners alongside the founding Deprez family to reset the company's capital allocation strategy. The shift to private ownership is driven by the structural requirement to fund multi-year, low-yield capital expenditure programs—specifically cold-chain infrastructure automation and digital supply-chain integration—which are fundamentally misaligned with the immediate earnings-per-share visibility demanded by public equity markets. Prior to the buyout, Greenyard successfully demonstrated the scalability of its integrated customer model but faced balance sheet constraints when financing concurrent upstream farm acquisitions across disparate geographic production zones. Post-acquisition priorities will prioritize the immediate balance sheet integration of the group's recently consolidated global farming assets, optimizing total asset turnover across its 21-country logistical footprint, and executing a simplified squeeze-out process to eliminate minority shares, thereby ensuring untethered cash flow redirection toward large-scale infrastructure modernization.

Previously, Greenyard had completed the acquisition of Gigi Gelato in 2023 as part of its consolidation strategy.

GREENYARD, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the AgriFood sector (10.8x).

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.

-> Deep-dive in AgriFood market trends

Target

Greenyard is a Brussels-listed global market leader in the sourcing, processing, and distribution of fruit and vegetable products, operating through its Fresh and Long Fresh (frozen and prepared solutions) business segments. The corporation operates a highly defensible Integrated Customer Relationship (ICR) model, creating dedicated supply chain partnerships with Western Europe’s top-20 grocery retailers, including programmatic supply agreements with market leaders such as Tesco, Rewe, Delhaize, and Aldi Nord. To protect its operating margins against agricultural volatility and shifting market structural dynamics, the group recently optimized its geographic footprint by divesting its low-margin UK fresh produce business while preserving its high-utilization frozen distribution infrastructure in that territory. Greenyard’s industrial footprint is backed by extensive cold-chain logistics assets, large-scale shock-freezing facilities, and long-term grower contract frameworks that insulate the business from localized crop failures and support predictable pass-through pricing mechanisms for labor and energy inflation.

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Other operations with GREENYARD

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
02/2026	GREENYARD	GELAGRI BRETAGNE	FRANCE	Food Processing	This transaction structures a full-function joint venture combining the industrial assets and commercial operations of Gelagri Bretagne and Greenyard Frozen France, creating a consolidated entity under the majority ownership and operational control of the Greenyard group. The combination establishes a leading player in the French frozen vegetable sector with an aggregate pro-forma revenue exceeding 260 million euros, supported by an integrated manufacturing cluster of four production sites in Brittany and an combined workforce of 900 employees
05/2023	GREENYARD	GIGI GELATO	NETHERLANDS	Food Processing	This transaction represents a complete ownership transition of Gigi Gelato to Greenyard’s Long Fresh division, structured to maintain management continuity through the retention of the target’s three original founders to lead ongoing product R&D and commercial positioning. The acquisition fits Greenyard’s strict capital deployment logic, which dictates migrating the product mix toward premium, high-margin frozen snacks that can instantly leverage the group’s existing infrastructure, procurement scale, and pan-European retail distribution tracks

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 5b - 100b 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 GREENYARD by SOLUM PARTNERS are reserved for mynth community members. Register for free to unlock full data.

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).

Press release: view release

Target: greenyard

Acquirer: solum partners