.
MergerLinks Header Logo

Announced

Completed

Advent-backed IRCA completed the acquisition of the sweet ingredients portfolio of Kerry Group for €500m.

Financials

Edit Data
Transaction Value£441m
Consideration TypeLoan Notes, Cash
Capital Owned-
Capital Bid For100%
EV/Sales1.2x
EV/EBITDA12.2x
Share Price Premium-
One Off Charge-

Tags

Edit

food ingredients

Private

Private Equity

chocolate products

United Kingdom

Cross Border

Majority

Food Products

Single Bidder

Acquisition

Friendly

Completed

Synopsis

Edit

Advent-backed IRCA, an artisanal food ingredients company, completed the acquisition of the sweet ingredients portfolio of Kerry Group, a provider of taste and nutrition solutions for the food, beverage and pharmaceutical markets, for €500m. "We are pleased to have entered exclusive negotiations with IRCA, who have a strong track record of developing their business within the category. This transaction would represent another strategic development in Kerry's evolution, as we continue to look to enhance and refine our Taste & Nutrition portfolio, aligned to the areas where we can create the most value," Edmond Scanlon, Kerry Group CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US