CAPPUCCINE has been 100% owned by ROUTIN since February 2023.

When was CAPPUCCINE acquired by ROUTIN?

CAPPUCCINE was acquired by ROUTIN in 2023.

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

The revenue of CAPPUCCINE at the time of the deal is estimated to be in the range of 5M - 25M USD.

How is the data for the CAPPUCCINE 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 CAPPUCCINE 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/build-up/routin-a-la-conquete-de-lamerique-1905174

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodCAPPUCCINE

02/2023

CAPPUCCINE acquired by ROUTIN

UNITED STATES Food Processing / Beverages / Soft Drinks REV 5M - 25M USD

Context

Routin-1883 acquired 100% of Cappuccine to accelerate its footprint in the North American market, the world's largest for coffee shops and mixology. This acquisition marks Routin's third external growth operation since Apax's entry in 2019 (following Eyguebelle and Artonic). The deal was financed through a mix of equity and debt (LCL, Credit Agricole). By integrating Cappuccine's powdered mix expertise, Routin diversifies its product portfolio to offer a complete "one-stop-shop" solution for coffee chains and the Foodservice industry globally.

CAPPUCCINE, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Founded in 1993, Cappuccine is a California-based specialist in gourmet powdered beverage mixes. The company is a pioneer in the "frappe" category, providing high-quality bases for specialty coffee drinks, smoothies, and shakes. It operates both in the US domestic market (65% of sales) and internationally.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2023

2022

Similar deals in Food Processing

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01/2023	BROWN-FORMAN CORPORATION	DIPLOMÁTICO RUM	VENEZUELA	Wines & Spirits
01/2023	NEWPRINCES GROUP	EM FOODS	FRANCE	Food Products
01/2023	IRCA / ADVENT INTERNATIONAL	KERRY SWEET INGREDIENTS	IRELAND	Ingredients
01/2023	REFRESCO	AVANDIS	NETHERLANDS	Contract Bottling & Packaging
12/2022	ITALIAN WINE BRANDS	BARBANERA VINI	ITALY	Wines & Spirits
10/2022	ORKLA	DENALI INGREDIENTS	UNITED STATES	Ingredients

REFERENCES

Revenue range: 5M - 25M USD

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.