At what enterprise value was FUNKIN acquired in 2015?

During the acquisition of FUNKIN by A.G. BARR in 2015, 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 10M - 30M GBP. 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 10.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FUNKIN when it was acquired by A.G. BARR?

The estimated EV/EBITDA multiple for FUNKIN is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.2x. Join our community for free to access full valuation data and industry trends.

When was FUNKIN acquired by A.G. BARR?

FUNKIN was acquired by A.G. BARR in 2015.

What was the revenue of FUNKIN at the time of the deal?

The revenue of FUNKIN at the time of the deal is estimated to be in the range of 5M - 25M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FUNKIN during the acquisition?

FUNKIN's EBITDA is estimated to be in the range of 0M - 5M GBP. 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 FUNKIN 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 FUNKIN 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.spaynelindsay.com/transactions/funkin-sold-to-ag-barr

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Home Database AgriFoodFUNKIN

02/2015

FUNKIN acquired by A.G. BARR

UNITED KINGDOM Food Processing / Beverages / Soft Drinks EV 10M - 30M GBP

Context

A.G. BARR has completed the acquisition of Funkin, the UK brand leader in the professional mixology market. The strategic rationale for the deal is the immediate integration of a fast-growing, high-margin brand (c. £9 million in sales) that provides A.G. BARR with a strategic "bridge" into the UK on-trade channel. By combining Funkin’s product innovation with A.G. BARR’s industrial and logistics scale, the group expects to accelerate the brand's international expansion and its penetration into the off-trade (retail) market. This acquisition allows the acquirer to capitalize on the structural growth of the cocktail market, where efficiency and consistency are becoming critical for high-volume hospitality operators. The deal highlights the trend of traditional beverage giants acquiring niche, high-growth "lifestyle" brands to rejuvenate their portfolios and tap into premium consumer experiences.

FUNKIN, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.2x).

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

Funkin is the UK’s leading provider of 100% natural fruit purees, cocktail mixers, and syrups. The company specializes in "on-trade" cocktail solutions, enabling bars, pubs, clubs, and restaurants to serve high-quality, innovative cocktails with consistency and speed. Its business model addresses the operational friction of scratch-made cocktails by providing professional-grade ingredients that reduce prep time without compromising quality. With a dominant position in the UK hospitality sector and an expanding footprint in the US and Continental Europe, Funkin has become a "must-have" brand for the evolving mixology market. Strategically, the firm capitalizes on the global trend toward premiumization in spirits and the rising demand for sophisticated non-alcoholic and alcoholic beverages in professional settings.

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11/2014	YILDIZ HOLDING	UNITED BISCUITS (UB)	UNITED KINGDOM	Food Processing	Yildiz Holding acquired United Biscuits from private equity firms Blackstone and PAI Partners. This transaction created the world's third-largest biscuit manufacturer. The strategic rationale was highly complementary: UB provided market dominance in the UK and Europe, regions where Yildiz had minimal presence, while Yildiz offered UB access to its strong distribution networks in North America, the Middle East, and Asia
07/2014	EGERIA	GOODLIFE FOODS	NETHERLANDS	Food Processing	Royal Wessanen has agreed to sell its frozen snack subsidiary, Izico (renamed GoodLife Foods), to the private equity firm Egeria. This divestment allows Wessanen to refocus its strategy entirely on "healthy and sustainable food" (brands like Bjorg, Clipper)
06/2014	PAI PARTNERS	LABEYRIE FINE FOODS	FRANCE	Food Processing	PAI Partners acquired a 50% stake in Labeyrie Fine Foods, replacing the outgoing sponsor LBO France. The transaction valued the company at approximately EUR600 million. The historic shareholder, the Lur Berri cooperative, retained the other 50% stake, maintaining a co-control governance structure
04/2014	21 INVEST	FORNO D’ASOLO	ITALY	Food Processing	21 Invest acquired a majority stake in Forno d’Asolo, a leading family-owned Italian company in the frozen bakery market. The transaction was driven by the founders' need to address a generational transition and professionalize the company's management structure to unlock its next phase of growth
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
03/2014	CHARTERHOUSE	NUOVA CASTELLI	ITALY	Food Processing	Charterhouse Capital Partners acquired an 80% majority stake in Nuova Castelli's cheese business. The transaction involved a complex corporate reorganization: the group's canned tuna business (Airone, operating in Cote d'Ivoire) was carved out and retained by the founding president

REFERENCES

Valuation range: EV 10M - 30M GBP

Revenue range: 5M - 25M GBP

EBITDA range: 0M - 5M GBP

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

Target: funkin