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 [members only] in 2027, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.0x).
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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
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | NEWPRINCES GROUP | PRINCES | UNITED KINGDOM | Food Products |
| 07/2024 | GRUPO MAYRIT INVERSIONES ALIMENTARIAS | PANIFICADORA POPULAR | SPAIN | Bakery / Pastry |
| 04/2024 | GLANDIA NUTRITIONALS | FLAVOR PRODUCERS | UNITED STATES | Ingredients |
| 04/2024 | CAMPARI GROUP | COURVOISIER | FRANCE | Wines & Spirits |
| 04/2024 | BRIDOR | PANDRIKS | NETHERLANDS | Bakery / Pastry |
| 03/2024 | ARGOS WITYU | ROUTIN | FRANCE | Beverages |
| 03/2024 | CVC | PARTNER IN PET FOOD (PPF) | HUNGARY | Petfood |
| 03/2024 | CAMPBELL SOUP COMPANY | SOVOS BRANDS | UNITED STATES | Food Products |
| 02/2024 | INVESTINDUSTRIAL / SAMMONTANA | FORNO D’ASOLO | ITALY | Bakery / Pastry |
| 02/2024 | ARDIAN | MY PIE | FRANCE | Food Products |
REFERENCES
Valuation range: EV €100–350M
Revenue range: €50–100M
EV/Revenue range: 1x - 3x
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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: idilia foods