MVI has signed an agreement to sell European Convenience Food to Lambert Dodard Chancereul, enhancing LDC's presence in the European convenience food market.

Target Information

On October 18, 2024, MVI signed a Share Purchase Agreement (SPA) for the divestiture of European Convenience Food ("ECF"). The buyer, Lambert Dodard Chancereul ("LDC"), is a prominent food corporation with extensive expertise in the sector. This transaction was the result of a structured M&A process led by Houlihan Lokey. ECF has emerged as a key player in the European convenience food market since its acquisition in 2013. MVI has closely collaborated with ECF's board and management to drive growth and expand its presence across Europe.

Through organic growth and strategic acquisitions, ECF has increased its market share, strengthened its product portfolio, and developed a scalable business model. The company has evolved from a regional entity to a pan-European operator, benefiting from strategic investments in production capacity, product innovation, and sustainable practices. ECF is well-positioned for future growth, particularly in light of the increasing consumer demand for high-quality, ready-made meal components.

Industry Overview

The European convenience food industry has seen significant growth in recent years, driven by changing consumer lifestyles that demand quick and easy meal solutions. With urbanization on the rise and more consumers leading fast-paced lives, conv