Who owns CELLI GROUP?

CELLI GROUP has been 100% owned by ARDIAN since January 2019.

At what enterprise value was CELLI GROUP acquired in 2019?

During the acquisition of CELLI GROUP by ARDIAN in 2019, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of CELLI GROUP when it was acquired by ARDIAN?

The estimated EV/EBITDA multiple for CELLI GROUP is in the range of 15x - 25x.

When was CELLI GROUP acquired by ARDIAN?

CELLI GROUP was acquired by ARDIAN in 2019.

What was the revenue of CELLI GROUP at the time of the deal?

The revenue of CELLI GROUP at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of CELLI GROUP during the acquisition?

CELLI GROUP's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the CELLI 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 CELLI 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.ardian.com/fr/communiques-de-presse/ardian-investit-dans-celli-specialiste-de-la-distribution-de-boissons

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingCELLI GROUP

01/2019

CELLI GROUP acquired by ARDIAN

ITALY Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV 300M - 700M EUR

Context

Ardian acquired 100% of Celli from Consilium (70%) and the founding family (30%). The management team reinvested alongside Ardian to hold a minority stake. The deal ended a successful six-year holding by Consilium, during which Celli completed four acquisitions (ADS2, Cosmetal, Angram, FJE Plastic). Ardian's entry is designed to accelerate international expansion and further leverage Celli's digital IT platform for remote dispenser management.

CELLI GROUP, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Founded in 1974, Celli is a global leader in the design, manufacturing, and installation of dispensing systems for beer, soft drinks, and water. The group serves major international brands (Heineken, Coca-Cola, Pepsi) and has developed a proprietary IoT platform for remote fleet management. It operates 5 plants in Italy and the UK.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

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2016

2015

Similar deals in Industrial Equipment

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07/2018	MAREL	MAJA	GERMANY	Food & Beverage Lines
06/2018	CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	Delachaux	FRANCE	Components
05/2018	MOTION EQUITY PARTNERS	HOLWEG WEBER	UNITED STATES	Robotics & Automation

REFERENCES

Valuation range: EV 300M - 700M 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 CELLI GROUP by ARDIAN 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.

Press release: view release

Target: celli group

Acquirer: ardian