When was HARI&CO acquired by GROUPE AVRIL?

HARI&CO was acquired by GROUPE AVRIL in 2023.

What was the revenue of HARI&CO at the time of the deal?

The revenue of HARI&CO at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of HARI&CO during the acquisition?

HARI&CO's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the HARI&CO 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 HARI&CO 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.lsa-conso.fr/le-specialiste-de-la-cuisine-vegetale-hari-co-rejoint-le-groupe-avril,443576

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodHARI&CO

08/2023

HARI&CO acquired by GROUPE AVRIL

FRANCE Food Processing / Food Products REV 5M - 25M EUR

Context

Groupe Avril acquired a majority stake in HARi&CO, partnering with the founders, who remain at the helm of the company. This transaction provides an exit for the early-stage financial investors, Eutopia (via Otium Consumer) and Triodos Investment Management. For Avril, this acquisition is highly synergistic with its purchase of Vivien Paille (a major legume processor) the previous year, allowing the group to control the entire value chain from the field (farmers) to the consumer's plate (branded finished goods).

HARI&CO, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Founded in 2014 by two agronomy engineers, HARi&CO is a French "Mission-driven company" (SocieteaMission) specializing in 100% plant-based food. Unlike ultra-processed "fake meat," HARi&CO focuses on minimally processed legume-based products (chickpea patties, red bean balls, lentil burgers) sourced from French agriculture. The company employs over 35 people and distributes its products in 5,000 retail stores (GMS) as well as in collective catering (schools, corporate cafeterias).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

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REFERENCES

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HARI&CO by GROUPE AVRIL 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.

Target: hari&co

Acquirer: groupe avril