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Sentica Partners acquires a majority stake in Picnic Group (Talouselämä)
May 6, 2019

Finnish-based Sentica Partners has acquired 55 pct. of Finnish-based café chain Picnic Group at an EV of EUR 20-30m, according to Talouselämä. Picnic Group currently has 42 Picnic cafes across Finland. Picnic Group reported a turnover of EUR 30m and EBIT of EUR 1.9m, corresponding to an EV/EBIT multiple of 10.5-15.8x.

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