LDC, a French multinational poultry processing company, announced on 30 May 2018 that it had signed a sales and acquisition agreement for 70% of the shares of Tranzit-Ker Zrt. and Tranzit-Food Kft. owned by Szabó family. Another milestone in LDC’s international expansion was the acquisition of a majority stake in Tranzit Group.
Dealing mainly with goose and duck processing, Tranzit Group is one of the most significant Hungarian poultry breeders and processors. Consolidated revenue for 2017 of the Group was EUR 108 million with an EBITDA of EUR 20 million. Tranzit Group could grow through acquisitions on several occasions, with a processing plant and hatchery being acquired in 2010 and chicken farms in 2017.
LDC is the largest poultry processing company in France, generating a price revenue of nearly EUR 4 billion in 2017 (their financial year ended on 28 February 2018). They carried out several acquisitions in Europe in recent years, only in 2017 they have been involved in three transaction processes as an investor. LDC’s export activities in 2017 generated a price revenue of EUR 274 million, which, following the acquisition of Tranzit Group, is expected to increase significantly.
During the acquisition process, the exclusive transaction advisor of LDC was Concorde MB Partners. This acquisition was the largest private market transaction of CMBP and its predecessors.
