Cosimo Vitola
Ethica Group
Euro Cakes
Deal Type
Company sale
Sector
Consumer
Completion Date
20th July 2015
Deal Value
Not disclosed
Company Background
Euro Cakes is a primary Italian based manufacturer of sponge based cakes for the main European industrial food companies and retailers.
Deal Summary
Ethica Corporate Finance advised the shareholders of Euro Cakes, a leading European company in the production and packaging of sponge based cakes for private label, in the sale of the 70% stake to Biscuits Bouvard, one of the largest French grousp in the manufacturing of sweet biscuits with approximately €200 mln total turnover.
Value Added
Ethica Corporate Finance started working with Euro Cakes in July 2014 following the preliminary approach of some industrial players.
In the last year Euro Cakes achieved an impressive, sustainable growth thanks to the booming of chilled products in the European countries, yielding a total turnover of approximately €58 mln in 2015 and a 18% EBITDA margin, which makes the Company attractive for both industrial and financial investors.
Ethica Corporate Finance was able to identify the right time to market and a selected panel of potential buyers, thus allowing a competitive sale process and a higher evaluation for shareholders.
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