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Confirmed Preliminary Control (100%) Closed Transaction verified BeverageConsumerCPGFood & Beverage

Pioneer Foods Group Ltd. acquired by PepsiCo

PepsiCo acquired Pioneer Foods Group Ltd., a South Africa & Sub-Saharan Africa beverage brand, on Mar 23, 2020.

Preliminary: The EV/EBITDA is not yet independently verified.

Transaction summary

Target
Pioneer Foods Group Ltd.
Acquirer
PepsiCo
Announced
2019-07-19
Type
Acquisition
Deal type
Control
Stake acquired
100%
First added
2026-10-31
Latest update
2026-10-31

Value and multiples

100% enterprise value

USD 1.7B

100% enterprise value | USD

Basis: Public source

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

EV / revenue

-

Period: varies by source

Basis: Estimated

EV / EBITDA

11x

Unverified

EBITDA basis not stated

Basis: Estimated

Amounts paid and other reported values

Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.

Consideration: USD 1.7B

Basis

  • Reported value: US$1.7bn. Multiples use EBITDA of US$154.5m (FY2020E). Revenue: ZAR 22.27bn (2019).

Source summary

PepsiCo Targets African Growth With Offer To Acquire Pioneer Foods

Confirmed

for R110.00 per share in cash (approximately US $1.7 billion)

Open source

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