At what enterprise value was GALANA (PASTRY & ICE CREAM) acquired in 2023?

You can find the full valuation details of GALANA (PASTRY & ICE CREAM) on mynth capital. 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 GALANA (PASTRY & ICE CREAM) when it was acquired by MADEMOISELLE DESSERTS?

The exact EV/EBITDA multiple for GALANA (PASTRY & ICE CREAM) is available on mynth capital. 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.

What was the revenue of GALANA (PASTRY & ICE CREAM) at the time of the deal?

The revenue of GALANA (PASTRY & ICE CREAM) at the time of the deal is estimated to be in the range of 10M - 30M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 GALANA (PASTRY & ICE CREAM) 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 GALANA (PASTRY & ICE CREAM) 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://capitalfinance.lesechos.fr/deals/build-up/mademoiselle-desserts-se-sert-en-belgique-1945639

← DATABASE

Home Database AgriFoodGALANA (PASTRY & ICE CREAM)

05/2023

GALANA (PASTRY & ICE CREAM) acquired by MADEMOISELLE DESSERTS

BELGIUM Food Processing / Food Products / Bakery / Pastry REV 10M - 30M EUR

Context

Mademoiselle Desserts continues its external growth strategy by acquiring the pastry and ice cream activities of the Belgian company Galana. The transaction is structured as a carve-out, as Galana's seafood trading business is not included. The acquisition was financed through a mix of equity and bank debt.

By taking control of Galana, Mademoiselle Desserts continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Delice Des 7 Vallees in 2018.

GALANA (PASTRY & ICE CREAM), which reported an EBITDA margin of LOGIN in 2022, 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 (10.8x).

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

Galana is a Belgian food company. This transaction specifically targets its bakery and ice cream manufacturing division (carve-out). The division generates EUR23 million in annual revenue. Its flagship product is the chocolate fondant (lava cake), alongside a range of ice creams and sorbets (sold under brands like Pagotini). Note: Galana's seafood trading business is excluded from the deal.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2023	PERNOD RICARD	ACE BEVERAGE GROUP	CANADA	Food Processing	Pernod Ricard, through its Canadian subsidiary Corby Spirit and Wine, acquired a 90% stake in Ace Beverage Group, with a clear path to 100% ownership via two call options exercisable in 2025 and 2028. The transaction is structured as a majority‑stake bolt‑on designed to position Corby as a leading force in the Canadian RTD category, where Ace Beverage Group is already the largest independent operator and a pure‑play RTD platform
06/2023	IK PARTNERS	GOODLIFE FOODS	NETHERLANDS	Food Processing	IK Partners has agreed to acquire a majority stake in GoodLife Foods from Egeria. Egeria, along with the management team, will reinvest for a minority stake. During Egeria's ownership (2014-2023), the company transformed from a local Dutch player (Izico) into a European platform
05/2023	EUROPEAN BAKERY GROUP	COOLBACK	GERMANY	Food Processing	3i Group plc continues the development of its European bakery platform through the combination of Dutch Bakery and coolback. Dutch Bakery is a leading producer of private-label bake-off bread and snack products, serving retail and foodservice customers across European markets
05/2023	GREENYARD	GIGI GELATO	NETHERLANDS	Food Processing	This transaction represents a complete ownership transition of Gigi Gelato to Greenyard’s Long Fresh division, structured to maintain management continuity through the retention of the target’s three original founders to lead ongoing product R&D and commercial positioning
04/2023	SARIA	DEVRO	UNITED KINGDOM	Food Processing	SARIA acquired the entire issued share capital of Devro with an offer representing a substantial premium of approximately 67% to Devro's share price, reflecting SARIA's determination to delist this strategic asset
03/2023	NACTAROME GROUP	ROYAL BUISMAN	NETHERLANDS	Food Processing	The acquisition of Royal Buisman by Nactarome is a strategic move to drive long-term growth, aimed at solidifying Nactarome's position in the natural ingredients market for the food and beverage industry
03/2023	CARLSBERG GROUP	WATERLOO BREWING	CANADA	Food Processing	Carlsberg has completed the acquisition of 100% of Waterloo Brewing's shares, aiming to bolster its presence in the Canadian market, where the group had previously maintained a relatively limited footprint
02/2023	LUCAS BOLS COMPANY	FLUÈRE	NETHERLANDS	Food Processing	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
02/2023	PAI PARTNERS	LA COMPAGNIE DES DESSERTS	FRANCE	Food Processing	PAI Partners' investment in La Compagnie des Desserts, a specialist in frozen pastries and ice cream for professionals, is part of a broader strategy to expand geographically and diversify operations. With a workforce of 700 employees, the company aims to achieve revenues of 180 million euros by 2027, up from 117 million euros in 2022, driven by approximately 20 annual hires
02/2023	ROUTIN	CAPPUCCINE	UNITED STATES	Food Processing	Routin-1883 acquired 100% of Cappuccine to accelerate its footprint in the North American market, the world's largest for coffee shops and mixology. This acquisition marks Routin's third external growth operation since Apax's entry in 2019 (following Eyguebelle and Artonic)

REFERENCES

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GALANA (PASTRY & ICE CREAM) by MADEMOISELLE DESSERTS 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: mademoiselle desserts