At what enterprise value was HANA GROUP EUROPE acquired in 2026?

You can find the full valuation details of HANA GROUP EUROPE 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 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HANA GROUP EUROPE when it was acquired by EAT HAPPY GROUP?

The exact EV/EBITDA multiple for HANA GROUP EUROPE is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was HANA GROUP EUROPE acquired by EAT HAPPY GROUP?

HANA GROUP EUROPE was acquired by EAT HAPPY GROUP in 2026.

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 HANA GROUP EUROPE 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 HANA GROUP EUROPE 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://www.permira.com/news-and-insights/announcements/permira-to-realise-its-investment-in-hana-group-s-european-operations

← DATABASE

Home Database AgriFoodHANA GROUP EUROPE

05/2026

HANA GROUP EUROPE acquired by EAT HAPPY GROUP

FRANCE Food Processing / Food Products REV 1m EUR - 100m EUR

Context

The combination of Eat Happy and Hana’s European business establishes a unified pan-Asian convenience platform encompassing approximately 5,800 points of sale across 14 European nations. This transaction represents a complete equity realization for Permira Funds within the European market following an expansion period since 2019. The consolidation merges Hana’s deep footprint in Western Europe with Eat Happy’s established network in Central Europe. Blending these complementary operational networks removes regional redundancies and deepens the product matrix offered to major grocery corporations. Retail partners gain access to a flexible dual-format solution pairing manned culinary kiosks with high-velocity automated chillers. The expanded scale increases purchasing power over volatile global seafood supply lines. One Rock Capital Partners structures this strategic investment to capture resilient consumer demand for healthy convenience foods. Combining these operating platforms mitigates the margin compression caused by rising labor costs in decentralized food preparation. The integrated entity holds a dominant market position positioned to secure long-term exclusivity agreements with consolidated European retail monopolies.

HANA GROUP EUROPE, which reported an EBITDA margin of LOGIN in 2026, 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 (10.9x).

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

Hana Group (European operations), based in France, operates as a producer and distributor of freshly prepared sushi and pan-Asian cuisine-to-go used in retail grocery shop-in-shops and convenience formats. The operational model relies on dedicated in-store culinary kiosks managed by specialized staff directly within partner supermarkets. This configuration requires continuous, temperature-controlled logistics networks to deliver raw perishable ingredients daily. Revenue generation is tied to long-term concession agreements calculated on daily point-of-sale transactional volumes. Embedded kitchen infrastructures inside grocery perimeters create high physical switching costs for retail partners. These entrenched commercial relationships secure prime floor space across key retail networks in France, the United Kingdom, Spain, and Belgium. Strict sanitary guidelines and seafood safety regulations form a heavy compliance barrier for alternative operators trying to achieve scale.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2026

2025

Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2026	FRENCH FOOD CAPITAL / BPIFRANCE / BNP PARIBAS DEVELOPPEMENT	FABULOUS FRENCH BRASSEURS	FRANCE	Food Processing	FrenchFood Capital becomes the majority shareholder of Fabulous French Brasseurs, a French brewing group structured around a portfolio of regional brands originating from several integrated craft breweries
06/2026	CVC	IRCA	ITALY	Food Processing	CVC Capital Partners has entered into an agreement to acquire IRCA from Advent International, which has evolved into a global platform for ingredients serving the pastry, bakery, chocolate, and ice cream industries over the past few years
05/2026	CVC	IFF FOOD INGREDIENTS	UNITED STATES	Food Processing	Global specialty chemicals leader International Flavors & Fragrances (IFF) has entered into a definitive agreement to divest its Food Ingredients division to private equity firm CVC Capital Partners. As part of this corporate carve-out, IFF will roll over an approximate 10% minority equity stake in the newly independent business
05/2026	ORCHARD FOODS VALLEY	PHOENIX BRANDS	UNITED KINGDOM	Food Processing	Orchard Foods Valley Ltd (backed by Orkla) has consolidated its position within the sweet ingredients category by executing the 100% share acquisition of Phoenix Brands, a specialized UK-based manufacturer of premium biscuits and baked inclusions
04/2026	AMBIENTA	THE BRIDGE BIO	ITALY	Food Processing	Ambienta SGR, through its Small Cap fund, has acquired a majority stake in The Bridge from the founding Negro Marcigaglia family. The founders have committed to reinvesting alongside the private equity firm and will continue to play a key leadership role in the company's development
04/2026	ONE ROCK CAPITAL PARTNERS	EAT HAPPY GROUP	GERMANY	Food Processing	The transaction is structured as a significant strategic investment by One Rock Capital Partners into Eat Happy Group to simultaneously fund the acquisition of Hana Group's European operations. This corporate combination merges two highly complementary convenience food providers to establish an integrated pan-European fresh food platform
04/2026	ORANGE CAPITAL DEVELOPMENT	EFFEPI	ITALY	Food Processing	Orange Capital Development has finalized the acquisition of an 80% majority stake in Effepi, marking a significant step in the construction of its specialized "Italian Frozen Food Excellence" platform
03/2026	ATRIA	COOKIN FOOD SWEDEN	SWEDEN	Food Processing	Atria Sweden has acquired a 25% minority interest in Cookin Food Sweden AB from its parent company, Bite Delight AB. The strategic rationale for the transaction is rooted in Atria’s "TOGETHER 2030" strategy, specifically targeting the convenience food sector as a key growth driver
03/2026	ARES	EUROPASTRY	SPAIN	Food Processing	Ares Management has led a €300 million ($346 million) single-asset continuation fund to extend the ownership of Europastry, currently held by MCH Private Equity (who originally invested in 2011). The transaction includes participation from the Asset Management Umbrella Fund (advised by the EIF) and Newbury Bridgepoint
03/2026	BRIDOR	PANAMAR BAKERY GROUP	SPAIN	Food Processing	BRIDOR has announced the acquisition of PANAMAR BAKERY GROUP for an enterprise value exceeding €1 billion, making it the largest transaction in the history of the LE DUFF Group. This landmark deal integrates 11 Spanish production sites and 2,600 employees into Bridor’s existing network, creating a global powerhouse with a combined turnover of €2

REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HANA GROUP EUROPE by EAT HAPPY GROUP 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).

Target: hana group europe

Acquirer: eat happy group