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03/2026100%LBO

Cpro Food acquired by Alphapet Ventures

BELGIUM Food Processing / Petfood REV 1m EUR - 100m EUR

Context

AlphaPet Ventures has completed the acquisition of 100% of Cpro Food, marking its fifth strategic acquisition since 2020. This transaction serves as AlphaPet’s primary entry point into the Belgian market, a high-value territory for premium pet nutrition. The strategic rationale centers on integrating Cpro Food’s strong local brand equity and breeder network into AlphaPet’s European digital platform. The acquisition was financed through a combination of equity, led by Patria Investments and Venture Stars, and debt provided by CVC. A key element of the deal is the retention of the founding Germeau sisters, who will continue to lead the brand’s next growth phase to ensure continuity for customers and partners. This merger reinforces AlphaPet's position as a dominant European consolidator in the pet food industry, utilizing its tech-enabled platform to accelerate Cpro Food’s internationalization while maintaining its high-quality Belgian manufacturing standards.

Cpro Food, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].

-> Deep-dive in AgriFood market trends

Target

Cpro Food, founded in 2014, is a leading Belgian "Local Hero" in the super-premium dog and cat food market. The company specializes in high-quality dry food, wet food, and snacks characterized by Belgian origin and stringent quality standards. Its business model relies on a specialized distribution network, with products listed in over 370 pet specialty stores and used by more than 1,150 professional breeders. Cpro Food focuses on the "premiumization" trend, targeting health-conscious pet owners who prioritize nutritional transparency and regional sourcing. By maintaining a strong brand identity within the Belgian niche, the company has secured a market-leading position in one of Europe’s pet food markets with the highest share of premium products.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€1–100M
[members only]
[members only]
2025
€1–100M
[members only]
[members only]

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REFERENCES

Revenue range: REV 1m EUR - 100m EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Cpro Food by Alphapet Ventures 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: cpro food

FAQ

What transaction does this page cover?

This page covers Alphapet Ventures’s acquisition of 100% of Cpro Food, a Belgian company specialised in Petfood, in 2026, structured as a leveraged buyout (LBO).

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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