At what enterprise value was SOVOS BRANDS acquired in 2024?

During the acquisition of SOVOS BRANDS by CAMPBELL SOUP COMPANY 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 1b - 4b 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 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SOVOS BRANDS when it was acquired by CAMPBELL SOUP COMPANY?

The estimated EV/EBITDA multiple for SOVOS BRANDS is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was SOVOS BRANDS acquired by CAMPBELL SOUP COMPANY?

SOVOS BRANDS was acquired by CAMPBELL SOUP COMPANY in 2024.

What was the revenue of SOVOS BRANDS at the time of the deal?

The revenue of SOVOS BRANDS at the time of the deal is estimated to be in the range of 750M - 1.3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SOVOS BRANDS during the acquisition?

SOVOS BRANDS'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 SOVOS BRANDS 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 SOVOS BRANDS 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.thecampbellscompany.com/newsroom/press-releases/campbell-completes-acquisition-of-sovos-brands-inc/

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Home Database AgriFoodSOVOS BRANDS

03/2024

SOVOS BRANDS acquired by CAMPBELL SOUP COMPANY

UNITED STATES Food Processing / Food Products EV 1b - 4b EUR

Context

Campbell Soup Company has completed the acquisition of Sovos Brands for $23.00 per share in cash. The transaction values Sovos at a Total Enterprise Value of approximately $2.7 billion. This strategic move adds the fast-growing Rao's brand to Campbell's portfolio, significantly upgrading its "Meals & Beverages" division. To manage these assets, Campbell has created a new "Distinctive Brands" unit. The company expects $50 million in annualized cost synergies and plans to divest the noosa yoghurt brand to focus on the Italian meals category.

SOVOS BRANDS, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

-> Deep-dive in AgriFood market trends

Target

Sovos Brands is a high-growth consumer packaged food company focused on premium, "one-of-a-kind" brands. Its crown jewel is Rao s Homemade, a market-leading premium pasta sauce that accounts for the majority of its sales. The portfolio also includes Michael Angelo s (frozen Italian entrees) and noosa (premium yoghurt). Sovos is known for its "clean label" philosophy and for transforming niche premium brands into mass-market leaders.

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 750M - 1.3b 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 SOVOS BRANDS by CAMPBELL SOUP COMPANY 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

Acquirer: campbell soup company