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09/2026Minority

Credit Mutuel Equity invests in Van Den Casteele

FRANCE Food Processing / Food Products / Dairy REV €5–25M

Context

By acquiring a minority stake in Van Den Casteele, which currently generates €10m in annual turnover, Crédit Mutuel Equity executes a strategic capital increase designed to drastically upgrade the regional manufacturer's industrial production capacity. Officially announced in September 2026, this growth equity transaction provides the necessary financial architecture to support an ambitious capital expenditure roadmap, with the premium ice cream maker planning to invest approximately twenty million euros over the next three years. The core strategic rationale behind this institutional funding round centers on constructing a completely new, state-of-the-art production and storage facility located in Bailleul, scheduled for operational delivery by the end of 2027. This specialized industrial project is engineered to directly resolve existing capacity bottlenecks while strictly adhering to internal ESG objectives. Specifically, the new infrastructure will optimize the management of water, energy, and logistical flows, while the installation of an advanced freezing tunnel will significantly reduce the physical strain experienced by the production workforce. With the manufacturing constraints alleviated, the financial sponsor's capital injection will directly fund an aggressive commercial rollout plan. The executive board intends to execute a controlled retail expansion by opening one to two new physical stores annually over the next five-year horizon. This targeted deployment will aggressively densify the brand's territorial footprint across its home market and adjacent geographies, explicitly targeting the Eastern and Western regions of France, as well as initiating cross-border penetration into Belgium. Furthermore, the strategic roadmap includes the systematic implementation of dedicated brand corners within selected third-party retail distributors. To ensure the financial viability of this corporate milestone, the specialized Transaction Services teams at Baker Tilly were mandated to provide comprehensive financial expertise and due diligence support throughout the capitalization process.

The acquisition of Van Den Casteele is part of the growth strategy of Credit Mutuel Equity, which already has several external growth operations under its belt, notably Netcloud in 2026.

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Target

Van Den Casteele, founded in 1975 in the Nord region of France, operates as a vertically integrated premium ice‑cream manufacturer and retailer. The company leverages artisanal expertise rooted in its historic Saint‑Sylvestre‑Cappel production site, where a dedicated team of ten glaciers crafts approximately 6,800 hand‑shaped desserts annually from a portfolio of over 200 seasonal and bespoke references. Raw material sourcing prioritises local provenance—fresh whole‑milk from a nearby farm, eggs, cream and Madagascar vanilla—while maintaining rigorous process controls that limit air incorporation and preserve the cold‑chain integrity throughout production, conditioning and storage. The commercial model is predominantly B2C, with roughly 80 % of sales generated through a network of twelve flagship boutiques across Hauts‑de‑France and a Click & Collect e‑commerce platform; the remaining 20 % is supplied to a curated set of distributors and restaurant partners. Strategic objectives centre on expanding production capacity via a new Bailleul facility, enhancing ESG performance through optimized water, energy and logistics flows, and extending the retail footprint by opening one to two new stores annually and deploying branded corners within selected partner outlets. Governance is anchored by long‑term owners who sustain the brand’s core values of authenticity, quality and continuous culinary innovation.

Ent. Value

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Equity Value

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Multiples

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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Year
Rev
EBITDA
EBIT
2026
10m
[members only]
[members only]
2025
€5–25M
[members only]
[members only]

Other operations with Credit Mutuel Equity

Other operations with Credit Mutuel Equity
DateAcquirerTargetCountrySector
10/2026CREDIT MUTUEL EQUITY / MANAGEMENT & PRIVATE INVESTORSMAISON BISSARDONFRANCESoft Drinks
09/2026CREDIT MUTUEL EQUITY / OLMACAVIAR DE NEUVICFRANCEAquaculture
07/2026CREDIT MUTUEL EQUITYNETCLOUDSWITZERLANDMSP (Managed Services)
06/2026CREDIT MUTUEL EQUITYONELECFRANCEB2B Specialized Distribution
02/2026CREDIT MUTUEL EQUITYLA VIE CLAIREFRANCEFine Food / Organic
09/2025CREDIT MUTUEL EQUITY / EURAZEO / BPIFRANCE / BNP PARIBAS DEVELOPPEMENTPROTEORFRANCEImplants & Prosthetics
11/2024CREDIT MUTUEL EQUITYTOPSOLIDFRANCEEngineering & Design Software
01/2024BNP PARIBAS DEVELOPPEMENT / SOCIETE GENERALE CAPITAL PARTENAIRES / BTP CAPITAL / BPIFRANCE / CREDIT MUTUEL EQUITYDEMATHIEU BARDFRANCEConstruction
07/2023CREDIT MUTUEL EQUITY / BNP PARIBAS DEVELOPPEMENTDIMOTRANSFRANCEFreight Transport
04/2022CREDIT MUTUEL EQUITYADIALFRANCEFood Processing

Similar deals in Food Processing

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DateAcquirerTargetCountrySector
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09/2026HORMEL FOODSBRAKEBUSHUNITED STATESMeat & Cured Meat
09/2026C.H. GUENTHER & SONHOUSE-AUTRY MILLSUNITED STATESIngredients
09/2026IDIA CAPITAL INVESTISSEMENT / SOFIPACAMIRAVAL PROVENCEFRANCEWines & Spirits
09/2026AURELIUSHAIN INTERNATIONALUNITED KINGDOMFood Products

REFERENCES

Revenue range: REV €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Van Den Casteele by Credit Mutuel Equity 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: van den casteele

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Van Den Casteele, a French company specialised in Food Products, by Credit Mutuel Equity in 2026.

What was Van Den Casteele’s revenue at the time of the deal?

At the time of the transaction, Van Den Casteele reported annual revenue of €10m (FY 2026).

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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