At what enterprise value was UNITED BISCUITS (UB) acquired in 2014?

During the acquisition of UNITED BISCUITS (UB) by YILDIZ HOLDING in 2014, 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 GBP. 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 UNITED BISCUITS (UB) when it was acquired by YILDIZ HOLDING?

The estimated EV/EBITDA multiple for UNITED BISCUITS (UB) is in the range of 10x - 18x. 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 UNITED BISCUITS (UB) acquired by YILDIZ HOLDING?

UNITED BISCUITS (UB) was acquired by YILDIZ HOLDING in 2014.

What was the revenue of UNITED BISCUITS (UB) at the time of the deal?

The revenue of UNITED BISCUITS (UB) at the time of the deal is estimated to be in the range of 750M - 1.3b GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of UNITED BISCUITS (UB) during the acquisition?

UNITED BISCUITS (UB)'s EBITDA is estimated to be in the range of 150M - 250M GBP. 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 UNITED BISCUITS (UB) 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 UNITED BISCUITS (UB) 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: http://www.theguardian.com/business/2014/nov/03/united-biscuits-jaffa-cakes-mcvities-yildiz-two-billion-deal

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Home Database AgriFoodUNITED BISCUITS (UB)

11/2014

UNITED BISCUITS (UB) acquired by YILDIZ HOLDING

UNITED KINGDOM Food Processing / Food Products EV 1b - 4b GBP

Context

Yildiz Holding acquired United Biscuits from private equity firms Blackstone and PAI Partners. This transaction created the world's third-largest biscuit manufacturer. The strategic rationale was highly complementary: UB provided market dominance in the UK and Europe, regions where Yildiz had minimal presence, while Yildiz offered UB access to its strong distribution networks in North America, the Middle East, and Asia. The deal marked a successful exit for the private equity owners, who had held the asset since 2006 and had previously sold the salty snacks division (KP Snacks) to Intersnack.

UNITED BISCUITS (UB), which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).

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

Headquartered in the UK, United Biscuits is a leading international manufacturer of biscuits and snacks. It owns some of the most iconic British brands, including McVitie's, Jaffa Cakes, Jacob's, Twiglets, Mini Cheddars, and Carr's. At the time of the deal, UB was the market leader in the UK and held strong market positions in Northern Europe (France, Netherlands, Belgium) through brands like BN and Delacre.

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Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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12/2014	OLAM INTERNATIONAL	MCCLESKEY MILLS	UNITED STATES	Food Processing	Olam International agreed to acquire 100% of the equity of McCleskey Mills Inc. from its owners. The deal is structured as a full‑control buy‑out, with the key employee shareholders, including Joe West, remaining in the business to drive integration and future growth
07/2014	EGERIA	GOODLIFE FOODS	NETHERLANDS	Food Processing	Royal Wessanen has agreed to sell its frozen snack subsidiary, Izico (renamed GoodLife Foods), to the private equity firm Egeria. This divestment allows Wessanen to refocus its strategy entirely on "healthy and sustainable food" (brands like Bjorg, Clipper)
06/2014	PAI PARTNERS	LABEYRIE FINE FOODS	FRANCE	Food Processing	PAI Partners acquired a 50% stake in Labeyrie Fine Foods, replacing the outgoing sponsor LBO France. The transaction valued the company at approximately EUR600 million. The historic shareholder, the Lur Berri cooperative, retained the other 50% stake, maintaining a co-control governance structure
04/2014	21 INVEST	FORNO D’ASOLO	ITALY	Food Processing	21 Invest acquired a majority stake in Forno d’Asolo, a leading family-owned Italian company in the frozen bakery market. The transaction was driven by the founders' need to address a generational transition and professionalize the company's management structure to unlock its next phase of growth
04/2014	SYMRISE	DIANA GROUP	FRANCE	Food Processing	Symrise AG has acquired Diana Group from private equity firm Ardian (formerly AXA Private Equity) and minority shareholder Motion Equity Partners. This transaction creates a unique platform for natural extracts and functional ingredients, allowing Symrise to diversify its portfolio significantly
03/2014	CHARTERHOUSE	NUOVA CASTELLI	ITALY	Food Processing	Charterhouse Capital Partners acquired an 80% majority stake in Nuova Castelli's cheese business. The transaction involved a complex corporate reorganization: the group's canned tuna business (Airone, operating in Cote d'Ivoire) was carved out and retained by the founding president
02/2014	RIVERSIDE	CASA OPTIMA	ITALY	Food Processing	The Riverside Company acquired Optima / Mec3, a leading developer, manufacturer, and marketer of ingredients for gelato, pastry, and other foods. Riverside aims to support management, drive global growth, and invest in R&D to maintain Mec3's reputation for innovation
02/2014	SOLINA GROUP	SFK FOOD	DENMARK	Food Processing	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
12/2013	DANTE BIGI S.R.L.	GRUPPO ALIVAL	ITALY	Food Processing	Dante Bigi S.r.l. acquired a 51% controlling interest in Gruppo Alival, with an agreement to acquire the remaining 49% in 2014. This acquisition was a pivotal step in consolidating the Italian dairy market, bringing together Alival's leadership in fresh cheeses (mozzarella) with the acquirer's existing strength in aged cheeses

REFERENCES

Valuation range: EV 1b - 4b GBP

Revenue range: 750M - 1.3b GBP

EBITDA range: 150M - 250M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of UNITED BISCUITS (UB) by YILDIZ HOLDING 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).