Radar > 391816

Europastry could go public through a combination of new shares issuing and sale of existing shares

Europastry podría salir a bolsa a través de una combinación de OPV y OPS

Intel ID : 391816
Synopsis

The transaction would be valued between EUR 600 and EUR 700m, of which EUR 225m would correspond to the new shares issuing.

The details of the IPO, which would allow the divestment of the private equity firm MCH Private Equity, were not yet been fully defined.

For the transaction, Europastry could have hired J.P. Morgan [NYSE:JPM] and UBS Global [SWX:UBSN] as global coordinators, and BBVA [BME:BBVA], CaixaBank [BME:CABK], Rabobank Spain, and Banco Santander [BME:SAN] as joint bookrunners.
(content in spanish)

La transacción se encontraría valorada entre EUR 600 y EUR 700m, de los cuales EUR 225m corresponderían a la OPS.

Los detalles de la OPV, que permitiría la desinversión de la firma de private equity MCH Private Equity, aún no se habrían definido totalmente.

Para la transacción, Europastry habría contratado a J.P. Morgan [NYSE:JPM] y UBS Global [SWX:UBSN] como coordinadores globales, y a BBVA [BME:BBVA], CaixaBank [BME:CABK], Rabobank Spain, y Banco Santander [BME:SAN] como joint bookrunners.

Bidder

Europastry
Spain

Advisors

retained
retained
retained

Intel ID 391816
Value EUR 650,00m (Approx.)
Native Currency Euro (EUR)
Financial Data - Europastry
(31 Dec 2023)
Revenue: EUR 1.371,85m
EBITDA: EUR 199,88m
Net Debt: EUR 670,71m
Date
Country
Geography
Subsector (Old TTR Sectors)
Primary Subsector (TTRSC)
15.07.01 Baked Goods (Primary)
15 Consumer Products & Services / 15.07 Food

25.01.09 Private Equity (Primary)
25 Financial Services / 25.01 Banking & Investment

Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Primary Sector (TTRSC)
15.07.01 Baked Goods
15 Consumer Products & Services / 15.07 Food

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.04 Consumer Finance
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.08 Investment Banking & Brokerage Services
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Services and Distribution / Consultancy, Audit and Engineering
Primary Sector (TTRSC)
25.01.02 Central Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.05 Corporate, Sovereign & Trade Finance
25 Financial Services / 25.01 Banking & Investment

Secondary Sectors (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Financial Advisory

Legal Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.