At what enterprise value was ARCADO acquired in 2022?

During the acquisition of ARCADO by CHEVRILLON in 2022, 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 EUR. 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 10.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ARCADO when it was acquired by CHEVRILLON?

The estimated EV/EBITDA multiple for ARCADO is in the range of 5x - 12x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.5x. Join our community for free to access full valuation data and industry trends.

When was ARCADO acquired by CHEVRILLON?

ARCADO was acquired by CHEVRILLON in 2022.

What was the revenue of ARCADO at the time of the deal?

The revenue of ARCADO at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ARCADO during the acquisition?

ARCADO's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

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 ARCADO 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 ARCADO 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://capitalfinance.lesechos.fr/deals/lbo/chevrillon-se-taille-une-part-au-capital-du-charcutier-arcado-1774922

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Home Database AgriFoodARCADO

07/2022

ARCADO acquired by CHEVRILLON

FRANCE Food Processing / Food Products / Meat & Cured Meat EV 100M - 350M EUR

Context

Groupe Chevrillon acquired a majority stake in Arcado, taking control of the French charcuterie group from its previous financial sponsors, including MBO & Co and Amundi PEF, while the founding Paget family retained a minority interest. The transaction was structured as a change of control in the mass‑market, IGP‑labelled sausage business, with managers reinvesting a portion of their proceeds to maintain alignment. The strategic rationale is anchored in Arcado’s position as a leading producer of premium IGP Charcuterie in the Franche‑Comté region, with a large share of the Morteau and Montbéliard sausage markets and a strong presence in large‑format retail. For Chevrillon, the platform offers a branded, label‑driven consumer‑facing asset in a resilient food category, with optionality for further external growth through bolt‑on acquisitions of other regional charcutiers or delicatessen producers holding IGP or other quality labels. The previous owners had already consolidated several regional players, including Clavière and Chambade, creating a consolidated, geographically coherent product portfolio that can serve as a basis for additional value creation. The strategic rationale is anchored in Arcado’s position as a leading producer of premium IGP Charcuterie in the Franche‑Comté region, with a large share of the Morteau and Montbéliard sausage markets and a strong presence in large‑format retail. For Chevrillon, the platform offers a branded, label‑driven consumer‑facing asset in a resilient food category, with optionality for further external growth through bolt‑on acquisitions of other regional charcutiers or delicatessen producers holding IGP or other quality labels.

Mbo+ / Amundi Private Equity had previously taken control of the company during an LBO in 2018.

ARCADO, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.5x).

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

Arcado is a French charcuterie group based in the Doubs, in the Bourgogne‑Franche‑Comté region, specialized in premium IGP‑labelled sausages such as Morteau and Montbéliard sausages, as well as related cured meat specialties. The group produces and markets branded and private‑label products through a portfolio of historical brands, including Morteau Saucisse, Clavière, Chambade, and Jean‑Louis Amiotte. Its business model combines artisanal production, geographical identity, and strong positioning in the mass‑market retail channel, particularly in large supermarkets and hypermarkets. The company operates at the intersection of craftsmanship and industrial scale, preserving a partly artisanal manufacturing process while leveraging procurement and brand power to secure a significant share of the IGP sausage market. Arcado controls a large portion of the Morteau and Montbéliard sausage segments, benefiting from label protection, regional sourcing, and consumer perception of quality and authenticity. Its product strategy is reinforced by a series of acquisitions, including Clavière in 2017 and Aux Produits Saugets in late 2020, which expanded both its range and its distribution footprint.

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2021

Other operations with ARCADO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2018	MBO+ / AMUNDI PRIVATE EQUITY	ARCADO	FRANCE	Food Processing	Arcado finalized its third LBO, allowing MBO Partenaires and Amundi PEF to take a majority stake via an equity investment of nearly EUR30 million. Historical investors (Siparex and Carvest) also reinvest. The goal is to reach EUR100 million in revenue through acquisitions of regional charcuterie SMEs.

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ARCADO by CHEVRILLON 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).

Acquirer: chevrillon