M&A

GALANA (PASTRY & ICE CREAM)

Name: mynth M&A Transaction Multiples Database
Creator: mynth
License: https://mynthcapital.com/privacy

Acquired by

MADEMOISELLE DESSERTS

BELGIUM Food Processing REV [1m EUR - 100m EUR] 05/2023

GALANA (PASTRY & ICE CREAM) acquired by MADEMOISELLE DESSERTS

BELGIUM Food Processing REV [1m EUR - 100m EUR] 05/2023

Target

GALANA (PASTRY & ICE CREAM)

Acquirer

MADEMOISELLE DESSERTS

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.

This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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 Analysis

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Other operations with GALANA (PASTRY & ICE CREAM)

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.