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06/2024

GRUPO CACAOLAT acquired by IDILIA FOODS

SPAIN Food Processing / Beverages / Soft Drinks EV 100M - 350M EUR

Context

Idilia Foods has acquired a 50% stake in Grupo Cacaolat from Damm, creating the largest milkshake group in Spain. Under the agreement, Damm and Idilia Foods will jointly manage the company. The deal consolidates the management, marketing, and distribution of Idilia's milkshake brands (ColaCao Energy, ColaCao Shake, Okey) under the Cacaolat structure. Cacaolat will continue to operate independently with its existing production facility in Santa Coloma de Gramenet. The transaction aims to accelerate the growth of the milkshake category nationally and internationally by combining Cacaolat's Horeca strength with Idilia's retail power.

GRUPO CACAOLAT, which reported an EBITDA margin of LOGIN in 2027, 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.

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Target

Founded in 1933 and headquartered in Barcelona, Cacaolat is a historic Spanish dairy company best known for its iconic chocolate milkshake brand of the same name. It also owns the Letona (milk) and Laccao brands. The company operates a major production facility in Santa Coloma de Gramenet. In 2023, Cacaolat generated a turnover of EUR82 million, employing approximately 225 people. It has a strong presence in the Horeca channel (hotels, restaurants, cafes) and retail across Spain.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2027
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2026
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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GRUPO CACAOLAT by IDILIA FOODS 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: idilia foods