M&A
FUNKIN
Acquired by
A.G. BARR
UNITED KINGDOM Food Processing EV [1m GBP - 100m GBP] 02/2015
FUNKIN acquired by A.G. BARR
UNITED KINGDOM Food Processing EV [1m GBP - 100m GBP] 02/2015
Target
FUNKIN
Acquirer
A.G. BARR
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.
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.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Year
Rev
EBITDA
EBIT
2015
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2014
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