What did Conagra Brands pay for Pinnacle Foods?

Conagra Brands acquired Pinnacle Foods for $10.90B in 2018 (15.8x EBITDA), equivalent to 3.50x revenue. Target revenue was approximately $3140.0M. Target EBITDA was approximately $690.0M.

What multiple did Conagra Brands pay for Pinnacle Foods?

15.8x EBITDA and 3.50x revenue, based on disclosed deal value of $10.90B and disclosed financials.

M&A TRANSACTION · 2018

Pinnacle Foods acquired by Conagra Brands

$10.90B· 15.8x EBITDA· 3.50x revenue

Target

Pinnacle Foods

Parsippany, New Jersey

Frozen and shelf-stable food company with Birds Eye, Duncan Hines, Wish-Bone

Acquirer

Conagra Brands

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$3140.0M

EBITDA

$690.0M

Deal Value

$10.90B

EV/EBITDA

15.8x

Context

This $10.90B acquisition of Pinnacle Foods by Conagra Brands sits in the food manufacturing sub-vertical. The 15.8x EBITDA multiple paid in 2018 can be compared against the population median for food manufacturing transactions of similar size on our Food Manufacturing valuation hub. Conagra Brands is acquiring as a strategic buyer; see how strategic acquirers typically price food manufacturing businesses on our Food Manufacturing strategic buyer-pool page.

Source

Data sourced from Conagra Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2018). Pinnacle Foods acquired by Conagra Brands. https://exitvalue.ai/deals/pinnacle-foods-acquired-by-conagra-brands-food-beverag