VIVERA acquired by JBS S.A.
Context
JBS S.A. has entered into an agreement to acquire 100% of the share capital of Vivera from the private equity firm Gilde Buy Out Partners. This transaction represents a major strategic milestone for JBS, granting it an immediate, scalable industrial platform in the European plant-based market. Unlike a simple bolt-on, JBS intends to operate Vivera as a standalone business unit, leveraging its specialized R&D capabilities and brand strength while providing it with JBS's massive global distribution network to accelerate growth. This acquisition allows the world's largest meatpacker to credibly compete in the high-growth alternative protein sector, directly challenging incumbents like Beyond Meat and Nestle in the European retail landscape.
VIVERA, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (11.0x).
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Target
Headquartered in the Netherlands, Vivera is Europe's third-largest producer of plant-based food products. The company offers a wide range of meat substitutes (including the popular "veggie steak") and vegetarian meal components. It operates three production facilities and an R&D center in the Netherlands, distributing its products to retailers in over 25 European countries.
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 50M - 100M 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.