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New Deal


Announced

Completed

Mondelez International completed the acquisition of Chipita from The Olayan Group for c. $2bn.

Financials

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Transaction Value£1,412m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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snacks

Food Products

Greece

confectionery

biscuits

Acquisition

Private

fruit snacks

Friendly

Majority

Single Bidder

Cross Border

Private Equity

Completed

Synopsis

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Mondelez International, an American multinational confectionery and food holding company, completed the acquisition of Chipita, a Greek food company, from The Olayan Group, an international investor, strategic partner, and operator in selected sectors, for c. $2bn. “Chipita, for more than 40 years, based on quality and innovation created a new category of snacks loved by consumers internationally. I am certain that the acquisition of Chipita by Mondelēz International, one of the world’s leading snacking companies, will create new prospects for its people and products," Spyros Theodoropoulos, Chipita CEO.

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