At what enterprise value was CASA OPTIMA acquired in 2025?

You can find the full valuation details of CASA OPTIMA on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b 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 CASA OPTIMA when it was acquired by ADIA?

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

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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.

As a reminder, the company has already undergone several LBOs, notably with Riverside in 2014 and Charterhouse in 2016. This succession of buyouts, coupled with an active build-up strategy, highlights the high attractiveness of the company's business model.

CASA OPTIMA, which reported an EBITDA margin of LOGIN in 2025, 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.

-> 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.

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Other operations with CASA OPTIMA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
11/2017	CASA OPTIMA	MODECOR ITALIANA	ITALY	Food Processing	MEC3, backed by Charterhouse Capital Partners, acquired a controlling stake in Modecor Italiana. The transaction allows MEC3 to diversify its offering beyond gelato ingredients into the complementary pastry decoration market. Modecor retains its operational inependence and brand identity and the CEO is continuing to lead the company. The deal creates significant commercial synergies, as both companies sell to the same customer base (pastry shops and gelato parlors).
11/2016	CHARTERHOUSE	CASA OPTIMA	ITALY	Food Processing	Charterhouse Capital Partners acquires Optima / Mec3, a global leader in artisanal ice cream ingredients with a 12% market share, in a deal valued at an estimated EUR400 million, outbidding Permira, Cinven, Carlyle, and Froneri (Nestle/R&R). Charterhouse is investing through its EUR2.3 billion Fund X, marking its third Italian deal in three years.
02/2014	RIVERSIDE	CASA OPTIMA	ITALY	Food Processing	The Riverside Company acquired Optima / Mec3, a leading developer, manufacturer, and marketer of ingredients for gelato, pastry, and other foods. Riverside aims to support management, drive global growth, and invest in R&D to maintain Mec3's reputation for innovation. The founder expressed confidence in Riverside's ability to build on Mec3's 30-year legacy and Italian heritage. Riverside emphasized the company's unique position in the growing global market for high-quality artisanal gelato.

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

Target: casa optima

Acquirer: adia