At what enterprise value was DIANA GROUP acquired in 2007?

You can find the full valuation details of DIANA GROUP on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. 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 10.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DIANA GROUP when it was acquired by ARDIAN?

The estimated EV/EBITDA multiple for DIANA GROUP is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.5x. Join our community for free to access full valuation data and industry trends.

When was DIANA GROUP acquired by ARDIAN?

DIANA GROUP was acquired by ARDIAN in 2007.

What was the EBITDA of DIANA GROUP during the acquisition?

DIANA GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR. 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 DIANA GROUP 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 DIANA GROUP 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.unquote.com/france/analysis/66222/deal-in-focus-ardian-sells-diana-to-symrise-for-eur13bn

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Home Database AgriFoodDIANA GROUP

06/2007

DIANA GROUP acquired by ARDIAN

FRANCE Food Processing / Ingredients EV 500M - 1.5b EUR

Context

AXA Private Equity acquired a majority stake in Diana Ingredients from Cognetas (now Motion Equity Partners). The transaction valued the company at an Enterprise Value of EUR710 million. This Secondary Buyout (SBO) was driven by the thesis of consolidating the fragmented natural ingredients market. The deal structure involved investment from two of AXA's funds (Fund III and Fund IV). The seller, Cognetas, having achieved a significant return, reinvested to keep a minority stake.

DIANA GROUP, which reported an EBITDA margin of LOGIN in 2006, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.5x).

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

Headquartered in Vannes, France, Diana Group is a world leader in natural functional solutions for the food, pet food, nutraceutical, aquaculture, and cosmetic industries. The company specializes in organoleptic solutions based on natural ingredients, with a particular dominance in palatability enhancers for pet food (where it is the global leader). Diana operates production sites and commercial offices in 23 countries across Europe, North and Latin America, and Asia. At the time of the deal, the group employed approximately 2,000 people and generated 50% of its sales outside of France.

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Other operations with DIANA GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2014	SYMRISE	DIANA GROUP	FRANCE	Food Processing	Symrise AG has acquired Diana Group from private equity firm Ardian (formerly AXA Private Equity) and minority shareholder Motion Equity Partners. This transaction creates a unique platform for natural extracts and functional ingredients, allowing Symrise to diversify its portfolio significantly. A key strategic driver is the entry into the highly attractive and resilient pet food market, where Diana holds a leading position. The deal also strengthens Symrise's backward integration by securing access to natural raw materials. Diana will operate as a distinct "Flavor & Nutrition" division within Symrise. The acquisition concludes a successful holding period for Ardian, which supported Diana's aggressive build-up strategy, including the acquisitions of Confoco International and Givaudan's vegetable extracts business.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DIANA GROUP by ARDIAN 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).

Acquirer: ardian