Bonduelle Sells Majority Stake in Americas Long Life Business
Bonduelle Group finalized an agreement to sell 65% of Bonduelle Americas Long Life (BALL) to institutional investors Fonds de solidarité FTQ and CDPQ. Regulatory approval from U.S. and Canadian authorities was secured.
The Bonduelle Group has finalized an agreement to sell a 65% stake in its Bonduelle Americas Long Life (BALL) division to institutional investors Fonds de solidarité FTQ and CDPQ, who will co-invest equally. Regulatory approvals from both U.S. and Canadian authorities have been obtained, clearing the final conditions precedent for the transaction.
The sale values Bonduelle Americas Long Life at an enterprise value of 850 million Canadian dollars (approximately 625 million euros) for 100% of the entity. This valuation corresponds to a multiple of 8.2 times the earnings before interest, taxes, depreciation, and amortization (EBITDA) for the 2020-2021 period.
This transaction represents a significant step for the Bonduelle Group, which recently achieved B Corp™ certification for all its worldwide activities. The divestment allows Bonduelle to concentrate on its core businesses and strategic objectives.