Who owns CASA OPTIMA?

CASA OPTIMA has been 100% owned by ADIA since September 2025.

At what enterprise value was CASA OPTIMA acquired in 2025?

During the acquisition of CASA OPTIMA by ADIA in 2025, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of CASA OPTIMA when it was acquired by ADIA?

The estimated EV/EBITDA multiple for CASA OPTIMA is in the range of 10x - 18x.

When was CASA OPTIMA acquired by ADIA?

CASA OPTIMA was acquired by ADIA in 2025.

What was the EBITDA of CASA OPTIMA during the acquisition?

CASA OPTIMA's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the CASA OPTIMA 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 CASA OPTIMA 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.privateequitywire.co.uk/gelato-and-the-return-to-artisanal-products/

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 AgriFoodCASA OPTIMA

09/2025

CASA OPTIMA acquired by ADIA

ITALY Food Processing / Ingredients EV 500M - 1.5b EUR

Context

Charterhouse Capital Partners agreed to sell Casa Optima to a group of investors led by Terlos (ADIA). The transaction represents a 2.6x return for Charterhouse. The strategic rationale for Terlos is to capitalize on the continued "premiumization" of the artisanal gelato market and use Casa Optima as a platform to double its size through further international expansion and consolidation. The deal follows a period of intense value creation including a scientific pricing strategy, the integration of four major acquisitions, and a total revamp of the commercial organization.

Previously, the company had already undergone several LBOs, notably led by Riverside in 2014 and Charterhouse in 2016. This succession of buyouts, combined with an active build-up strategy, highlights the strong attractiveness of the company's business model.

CASA OPTIMA, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Casa Optima is the global market leader in premium ingredients for artisanal gelato, pastry, and specialized beverage concepts. Headquartered in Italy, the group manages an elite portfolio of complementary, high-heritage brands including Mec3, Pernigotti Maestri Gelatieri, Modecor (pastry decorations), and Giuso. Its robust business model centers on a comprehensive product and service offering, combining the formulation of complex bases, flavorings, and toppings with an international network of training centers (Optima Academy) designed to support artisanal chefs and food service chains.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Other operations with CASA OPTIMA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2017	CASA OPTIMA	MODECOR ITALIANA	ITALY	Ingredients
11/2016	CHARTERHOUSE	CASA OPTIMA	ITALY	Ingredients
02/2014	RIVERSIDE	CASA OPTIMA	ITALY	Ingredients

REFERENCES

Valuation range: EV 500M - 1.5b EUR

EBITDA range: 50M - 100M EUR

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

Target: casa optima

Acquirer: adia