At what enterprise value was ACE BEVERAGE GROUP acquired in 2023?

During the acquisition of ACE BEVERAGE GROUP by PERNOD RICARD in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M CAD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ACE BEVERAGE GROUP when it was acquired by PERNOD RICARD?

The exact EV/EBITDA multiple for ACE BEVERAGE GROUP is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was ACE BEVERAGE GROUP acquired by PERNOD RICARD?

ACE BEVERAGE GROUP was acquired by PERNOD RICARD in 2023.

What was the revenue of ACE BEVERAGE GROUP at the time of the deal?

The revenue of ACE BEVERAGE GROUP at the time of the deal is estimated to be in the range of 50M - 100M CAD. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ACE BEVERAGE GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ACE BEVERAGE GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.pernod-ricard.com/fr/media/corby-filiale-canadienne-de-pernod-ricard-acquiert-une-part-majoritaire-dans-ace-beverage

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Home Database AgriFoodACE BEVERAGE GROUP

06/2023

ACE BEVERAGE GROUP acquired by PERNOD RICARD

CANADA Food Processing / Beverages / Wines & Spirits EV 100M - 350M CAD

Context

Pernod Ricard, through its Canadian subsidiary Corby Spirit and Wine, acquired a 90% stake in Ace Beverage Group, with a clear path to 100% ownership via two call options exercisable in 2025 and 2028. The transaction is structured as a majority‑stake bolt‑on designed to position Corby as a leading force in the Canadian RTD category, where Ace Beverage Group is already the largest independent operator and a pure‑play RTD platform. Created via the 2020 combination of Cottage Springs and Ace Hill, ABG has built a strong presence around its flagship brand Cottage Springs, which leads the Ontario RTD market with iconic products such as Vodka Soda, Vodka Water, and Tequila Soda, while also offering a secondary portfolio of brands like Ace Hill, Cabana Coast, and Liberty Village. The Canadian RTD segment has been one of the fastest‑growing sub‑categories in beverage alcohol, with above‑20% annual growth between 2016 and 2021 and an expected continuation of double‑digit growth in coming years, driven by demand for convenience, low‑sugar formulations, and on‑trend flavor profiles.

ACE BEVERAGE GROUP, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Ace Beverage Group is a Canada‑based beverage company specializing in the development, production, and distribution of alcoholic ready‑to‑drink (RTD) products. Created in 2020 through the merger of Cottage Springs and Ace Hill, the group has rapidly emerged as the largest independent player in the fast‑growing Canadian RTD market. The portfolio is anchored by Cottage Springs, the leading RTD brand in Ontario, with core products including Cottage Springs Vodka Soda, Vodka Water, and Tequila Soda, which are positioned as premium, low‑sugar, and mix‑ready formats for on‑trade and off‑trade channels. The group also owns and operates additional brands such as Ace Hill, Cabana Coast, and Liberty Village, creating a diversified chain of differentiated RTD propositions across flavors, spirits bases, and target occasions. The Canadian RTD category has grown at a double‑digit pace over recent years and is expected to maintain strong momentum, benefiting from evolving consumer preferences for convenient, pre‑mixed, and transparently formulated alcohol formats.

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REFERENCES

Valuation range: EV 100M - 350M CAD

Revenue range: 50M - 100M CAD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACE BEVERAGE GROUP by PERNOD RICARD are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: ace beverage group

Acquirer: pernod ricard