GRUPO CACAOLAT acquired by IDILIA FOODS
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.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
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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