CHARLES & ALICE
Acquired by
CREDIT MUTUEL EQUITY
CHARLES & ALICE acquired by CREDIT MUTUEL EQUITY
Target
CHARLES & ALICE
Acquirer
CREDIT MUTUEL EQUITY
Context
After 8 years under Equistone's control, management led by Thierry Goubault initiated a buy-out to become the majority shareholder. Credit Mutuel Equity reinvested for the third time, moving from a minority to a lead investor role. This deal consolidates the company's independence and supports its strategy in plant-based innovations and healthy snacking.
CHARLES & ALICE, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.1x average currently observed in the AgriFood sector.
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
A leading French manufacturer of fruit-based desserts and compotes, with a strong focus on "no added sugar" products and organic offerings. The group operates in both retail and out-of-home catering (RHF) and has expanded into plant-based desserts (coconut milk-based) and the US market.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with CHARLES & ALICE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 09/2013 | EQUISTONE | CHARLES & ALICE | FRANCE | Food Products | Equistone Partners Europe has acquired a majority stake in Charles & Alice from historical investor CM-CIC Capital Finance (which retained a minority stake). The transaction allowed the management team, led by Thierry Goubault, to significantly increase its equity participation from 15% to 26%. The deal was supported by a diversified financing package, including senior debt, mezzanine debt, and a dedicated CAPEX line to fund future industrial investments and international expansion. This LBO marks the next phase of growth for the fruit dessert specialist, aiming to transition from a French champion to a global player in the healthy snacking industry. |
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