At what enterprise value was FLUÈRE acquired in 2023?

You can find the full valuation details of FLUÈRE on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 0M - 15M 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 10.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FLUÈRE when it was acquired by LUCAS BOLS COMPANY?

The exact EV/EBITDA multiple for FLUÈRE is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.6x. Join our community for free to access full valuation data and industry trends.

When was FLUÈRE acquired by LUCAS BOLS COMPANY?

FLUÈRE was acquired by LUCAS BOLS COMPANY in 2023.

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 FLUÈRE 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 FLUÈRE 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.lucasbols.com/files/0/3/0/8/2/230203%20press%20release%20Lucas%20Bols%20completes%20Flu%c3%a8re%20acquisition.pdf

← DATABASE

Home Database AgriFoodFLUÈRE

02/2023

FLUÈRE

Acquired by

LUCAS BOLS COMPANY

NETHERLANDS Food Processing / Beverages / Wines & Spirits EV 0M - 15M EUR

FLUÈRE acquired by LUCAS BOLS COMPANY

NETHERLANDS Food Processing / Beverages / Wines & Spirits EV 0M - 15M EUR

Context

Lucas Bols completed the acquisition of 100% of Fluère to strategically enter the rapidly growing non-alcoholic spirits market. This "bolt-on" acquisition allows Lucas Bols to capitalize on the "mindful drinking" trend, providing a sophisticated alcohol-free alternative to its global client base of professional bartenders and distributors. The transaction was structured to facilitate a seamless transition and integration, finalized by April 2023. By bringing Fluère into its portfolio, Lucas Bols can leverage its existing global distribution power and century-old expertise in flavor distillation to scale the brand internationally. This deal reflects the broader industry trend of major spirits companies acquiring "No-and-Low" (NoLo) alcohol brands to meet changing social habits and diversify their revenue streams beyond traditional alcoholic categories. The integration allows Fluère to benefit from the institutional marketing resources and market authority of a historic global spirits leader while providing Lucas Bols with a turnkey solution for the alcohol-free cocktail segment.

FLUÈRE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.6x).

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

Fluère is a pioneering Dutch brand in the non-alcoholic spirits sector, founded in 2018 by entrepreneurs Léon Meijers and Alfred Sandee. The brand specializes in high-quality distilled non-alcoholic spirits designed for the "mindful drinking" movement. Its product range includes five distinct variants: Original, Spiced Cane, Raspberry, Smoked Agave, and Bitter. Fluère's liquids are created using a specialized steam distillation process that extracts essential oils from botanicals, providing a complex and subtle taste profile comparable to traditional alcoholic spirits. At the time of acquisition, the brand had established a presence in over 20 countries, including key markets in Europe and the United States. Its business model focuses on versatility, positioning its products as premium mixers for low-alcohol or alcohol-free cocktails in both professional bartending and "at-home" retail segments.

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REFERENCES

Valuation range: EV 0M - 15M EUR

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

Authors: 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: lucas bols company