mynth
← DATABASE
03/2026

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 in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.5x).

-> 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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
2025

Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2026ORANGE CAPITAL DEVELOPMENTEFFEPIITALYFood Products
04/2026AMBIENTATHE BRIDGE BIOITALYSoft Drinks
03/2026MCCORMICK & COMPANYUNILEVER FOOD DIVISIONUNITED KINGDOMFood Products
03/2026Morinaga & Co.MY MOCHI ICE CREAMUNITED STATESFood Products
03/2026ATRIACOOKIN FOOD SWEDENSWEDENFood Products
03/2026NEXTSTAGESOCIÉTÉ DES EAUX MINÉRALES D’ARCACHON (SEMA)FRANCESoft Drinks
03/2026DANONEHUELUNITED KINGDOMFood Products
03/2026LSDH (LAITERIE DE SAINT-DENIS-DE-L'HÔTEL)BISCUITERIE DE CHAMBORDFRANCEFood Products
03/2026ARESEUROPASTRYSPAINBakery / Pastry
03/2026BRIDORPANAMAR BAKERY GROUPSPAINBakery / Pastry

REFERENCES

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