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New Deal


Announced

Completed

PAI Partners and Charles Jobson completed its acquisition of Wessanen for €885m.

Financials

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Transaction Value£762m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.5x
EV/EBITDA14x
Share Price Premium23%
One Off Charge-

Tags

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Private Equity

Public

food distribution

food production

Netherlands

Acquisition

Tender Offer

Majority

Completed

Friendly

Food Products

Single Bidder

Privatisation

Synopsis

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PAI Partners and Charles Jobson completed its acquisition of Wessanen, a company in the European market for healthy and sustainable food, for €885m. "Our vision is to build a European leader in organic and sustainable food. We want to remain at the forefront of making food healthier and more sustainable for the benefit of both consumers and the planet. This requires a long-term commitment from shareholders and long-term investments. It is all the more critical in an era where organic, sustainable and healthy themes have grown increasingly popular, which in turn has resulted in a more competitive landscape. PAI and Charles Jobson are fully supportive of our strategy and will bring a longer-term horizon and additional investments supporting the execution of our plans," Christophe Barnouin, Wessanen CEO.

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