Nestlé recently completed an acquisition of Kopenhagen through a payment of almost R$3 billion. This transaction was done at a multiple of 12x to 15x EBITDA, according to sources familiar with the matter.
Advent, a private equity firm that acquired control of Kopenhagenin 2020, it chose to sell the asset to a strategic player instead of carrying out an initial public offering (IPO), especially considering the current capital market scenario in Brazil, which presents challenges significant.
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When Advent invested in Kopenhagen, the company recorded revenue of R$450 million and a EBITDA of R$ 120 million, with great potential for even greater growth – as it really is it happened.
Since then, as advised by investors, the company has achieved substantial growth, with EBITDA practically doubling to more than R$200 million.
During the sale process, several financial and strategic players showed interest in the company's assets. large company, including Lindt, which was once a partner of the CRM Group, controller of the Kopenhagen brand, and Cacau Show.
Nestlé becomes the owner of another large company
The acquisition of Kopenhagen by Nestlé also covers Brasil Cacau, including a combat brand that has impacted the group's EBITDA levels since its launch in 2009.
Also according to some sources familiar with the matter, the two parts already made were submitted to requests to the Administrative Council for Economic Defense (CADE) in early August.
This suggests that Nestlé sought prior approval from the antitrust regulator, marking a contrast to its previous attempt to acquire Garoto, which lasted 20 years and was unsuccessful.
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