At what enterprise value was IFF FOOD INGREDIENTS acquired in 2026?

During the acquisition of IFF FOOD INGREDIENTS by CVC in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of IFF FOOD INGREDIENTS when it was acquired by CVC?

The estimated EV/EBITDA multiple for IFF FOOD INGREDIENTS is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was IFF FOOD INGREDIENTS acquired by CVC?

IFF FOOD INGREDIENTS was acquired by CVC in 2026.

What was the revenue of IFF FOOD INGREDIENTS at the time of the deal?

The revenue of IFF FOOD INGREDIENTS at the time of the deal is estimated to be in the range of 2.5b - 5b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of IFF FOOD INGREDIENTS during the acquisition?

IFF FOOD INGREDIENTS's EBITDA is estimated to be in the range of 250M - 500M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the IFF FOOD INGREDIENTS 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 IFF FOOD INGREDIENTS 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.cvc.com/media/news/2026/iff-enters-into-agreement-to-sell-its-food-ingredients-business-to-cvc/

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Home Database AgriFoodIFF FOOD INGREDIENTS

05/2026

CVC takes majority stake in IFF FOOD INGREDIENTS

UNITED STATES Food Processing / Ingredients EV 3b - 100b USD

Context

Global specialty chemicals leader International Flavors & Fragrances (IFF) has entered into a definitive agreement to divest its Food Ingredients division to private equity firm CVC Capital Partners. As part of this corporate carve-out, IFF will roll over an approximate 10% minority equity stake in the newly independent business. This transaction structure ensures continued operational collaboration and technological cooperation between the two entities while allowing the seller's shareholders to participate in future value creation under the sponsor's ownership. The deal execution was supported by an advisory syndicate featuring Citibank and the law firm White & Case. For the seller IFF, led by CEO Erik Fyrwald, this divestiture marks a major strategic milestone in its ongoing portfolio optimization initiative. The transaction enables the company to sharpen its operational focus and reallocate capital toward its higher-growth, innovation-driven core segments: Taste, Scent, and Health & Biosciences. The resulting streamlined profile will significantly improve IFF's cash flow characteristics and accelerate its strategic R&D investments. For the acquirer CVC Capital Partners, the buyout secures control of a globally recognized leader in texturants, emulsifiers, and plant-based solutions. The sponsor intends to leverage the asset's broad technology portfolio and scale to capture long-term macro growth trends, including rising global food consumption and the accelerating consumer demand for clean-label products.

IFF FOOD INGREDIENTS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.8x).

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.

-> Deep-dive in AgriFood market trends

Target

IFF is a global leader in the development of flavors, fragrances, food ingredients, and bioscience solutions. Historically, the company's core business has focused on creating flavors and fragrances for the food and beverage, and cosmetic industries. Food ingredients are a key component of its portfolio, featuring products such as texture modifiers, emulsifiers, and plant-based solutions. The company's products are utilized by multinational clients across the food and beverage sectors, and IFF maintains a significant geographic presence, with operations spanning multiple countries. To drive innovation, IFF has invested heavily in research and development, aiming to deliver cutting-edge solutions to its customers. Furthermore, the company has established strategic partnerships to enhance its market position and competitiveness in key markets.

Ent. Value

FREE VIEW

4300M USD

Equity Value

Multiples

FREE VIEW

EV / Revenue

1.4x

EV / EBITDA

EV / EBIT

Historical Financials (USD)

FREE VIEW

Year

Rev

EBITDA

EBIT

2025

3100M

2024

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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06/2026	CVC	IRCA	ITALY	Food Processing	CVC Capital Partners has entered into an agreement to acquire IRCA from Advent International, which has evolved into a global platform for ingredients serving the pastry, bakery, chocolate, and ice cream industries over the past few years
05/2026	ORCHARD FOODS VALLEY	PHOENIX BRANDS	UNITED KINGDOM	Food Processing	Orchard Foods Valley Ltd (backed by Orkla) has consolidated its position within the sweet ingredients category by executing the 100% share acquisition of Phoenix Brands, a specialized UK-based manufacturer of premium biscuits and baked inclusions
05/2026	EAT HAPPY GROUP	HANA GROUP EUROPE	FRANCE	Food Processing	The combination of Eat Happy and Hana’s European business establishes a unified pan-Asian convenience platform encompassing approximately 5,800 points of sale across 14 European nations. This transaction represents a complete equity realization for Permira Funds within the European market following an expansion period since 2019
04/2026	ONE ROCK CAPITAL PARTNERS	EAT HAPPY GROUP	GERMANY	Food Processing	The transaction is structured as a significant strategic investment by One Rock Capital Partners into Eat Happy Group to simultaneously fund the acquisition of Hana Group's European operations. This corporate combination merges two highly complementary convenience food providers to establish an integrated pan-European fresh food platform
04/2026	ORANGE CAPITAL DEVELOPMENT	EFFEPI	ITALY	Food Processing	Orange Capital Development has finalized the acquisition of an 80% majority stake in Effepi, marking a significant step in the construction of its specialized "Italian Frozen Food Excellence" platform
04/2026	AMBIENTA	THE BRIDGE BIO	ITALY	Food Processing	Ambienta SGR, through its Small Cap fund, has acquired a majority stake in The Bridge from the founding Negro Marcigaglia family. The founders have committed to reinvesting alongside the private equity firm and will continue to play a key leadership role in the company's development
03/2026	ATRIA	COOKIN FOOD SWEDEN	SWEDEN	Food Processing	Atria Sweden has acquired a 25% minority interest in Cookin Food Sweden AB from its parent company, Bite Delight AB. The strategic rationale for the transaction is rooted in Atria’s "TOGETHER 2030" strategy, specifically targeting the convenience food sector as a key growth driver
03/2026	NEXTSTAGE	SOCIÉTÉ DES EAUX MINÉRALES D’ARCACHON (SEMA)	FRANCE	Food Processing	NextStage AM has acquired a majority stake in the Société des Eaux Minérales d’Arcachon (SEMA), taking over from the long-term owner and wine merchant Jean Merlaut, who exited his entire position. The transaction was carried out pari passu through the NextStage Evergreen vehicle and the "Pépites & Territoires" FPCI, representing a combined equity ticket of €30 million
03/2026	LSDH (LAITERIE DE SAINT-DENIS-DE-L'HÔTEL)	BISCUITERIE DE CHAMBORD	FRANCE	Food Processing	LSDH has acquired 100% of Biscuiterie de Chambord following the retirement of the target company’s longtime director. The strategic rationale for the transaction is the continued diversification of LSDH’s portfolio into the artisanal and premium biscuit segment, a move that aligns with the group's long-term strategy of regional expansion

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 2.5b - 5b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IFF FOOD INGREDIENTS by CVC are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: cvc