Profi network, with 95m-euro turnover, put up for sale

The Profi chain, third largest player on the discount stores
market, has been put up for sale by its shareholders, with the
transaction to be completed with one of the three companies
involved in negotiations with the shareholders, market sources told
ZF. Profi Rom Food, which currently operates 60 stores under a
franchise agreement, could be valued at 40-60 million euros if one
considers an EBITDA multiple of 10-15, which in turn amounts to
around 4.5% of the company’s net turnover. The retailer posted net
turnover worth 94.5 million euros last year and a net profit worth
0.2 million euros, being owned by a company registered in the
Netherlands, Duna Waiting Participation, according to data from the
Trade Registry.