YOPLAIT acquired by GENERAL MILLS
Context
General Mills has signed definitive agreements to acquire a 51% controlling interest in Yoplait S.A.S. and a 50% interest in the entity holding the worldwide brand rights. The stake was acquired from private equity firm PAI Partners and the French dairy cooperative Sodiaal. Sodiaal will retain the remaining 49% stake, effectively forming a global joint venture. This transaction resolves a long-standing arbitration between General Mills and Yoplait regarding the US licensing rights.
Previously, Yoplait had completed the acquisition of Liberte in 2010 as part of its consolidation strategy.
YOPLAIT, which reported an EBITDA margin of in 2010, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).
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Target
Headquartered in France, Yoplait is the second-largest brand in the global yogurt market. It operates directly in France, the UK, and Canada, and manages a network of 26 franchisees worldwide (including General Mills in the USA).
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with YOPLAIT
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2010 | YOPLAIT | LIBERTE | CANADA | Dairy |
REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 450M - 900M EUR
EBITDA range: 100M - 200M 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.
Target: yoplait