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New Deal


Announced

Completed

Barilla completed the acquisition of Pasta Evangelists from Pembroke VCT and Guinness for $54m.

Financials

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Transaction Value£40m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

United Kingdom

Private

pasta products

Acquisition

Friendly

Food Products

Majority

Private Equity

Completed

Synopsis

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Barilla, the Italian family-owned food company, agreed to acquire Pasta Evangelists, a UK-based specialist in D2C fresh, high-quality pasta & sauces, from Pembroke VCT and Guinness for $54m. This acquisition represents a new step of Barilla’s international growth, especially in the UK, and its willingness to invest in new marketing and sales approaches, up to digital as a priority platform for interacting with consumers. Online food sales have seen massive growth in recent years, both in the recipe box category as well as in the online take-away sector. Pasta Evangelists operates at the convergence of these.

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