Midsona AB (OM:MSON B) completed the acquisition of Alimentation Sante SA from PANZANI S.A.S.
October 30, 2019
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Midsona AB (publ) (OM:MSON B) intends to acquire Alimentation Sante SA from PANZANI S.A.S. for €57.5 million on July 23, 2019. The consideration will be on a debt-free/cash-free basis, which will be paid in cash on closing. Not considering any transaction-related costs, the purchase price represents a current year EV multiple of approximately 11.5x EBITDA and a multiple of 8.2x EBITDA including synergies. Midsona will finance the transaction with a bridge loan and plans to complete a share rights issue of up to SEK 600 million later this year. As of December 31, 2018, Alimentation Sante SA reported sales of €35 million and adjusted EBITDA of approximately €4.4 million. Alimentation Sante SA has an employee strength of 150. The transaction is expected to close by the beginning of fourth quarter. Strata Advisory AB acted as financial advisor for Midsona AB (publ). Jeantet & Associés and Pérez-Llorca Abogados, S.L.P. y CÍA, S.Com.P. acted as legal advisors for Midsona AB. Rothschild & Co acted as financial advisor to Panzani S.A.S.
Midsona AB (publ) (OM:MSON B) completed the acquisition of Alimentation Sante SA from PANZANI S.A.S. on October 1, 2019.
Midsona AB, formerly Midelfart Sonesson AB is a Sweden-based company engaged in the development, manufacture and marketing of consumer healthcare products in the Nordic region. Its products are divided into three product areas: Healthfoods, Hygiene, Personal Care. The Company consists of three geographical areas, namely Sweden, Norway and Finland. The business areas in Sweden, Norway and Finland market and sell nutritional supplements, herbal remedies, health foods, skin care and beauty products to grocery stores, pharmacies and health stores in respective geographic markets. The Company has several priority brands, such as Friggs, Urtekram, Naturdiet, Miwana, MyggA, Dalblads, Tri Tolonen, Supernature.
MIDSONA AB 
