HARI&CO
Acquired by
GROUPE AVRIL
HARI&CO acquired by GROUPE AVRIL
Target
HARI&CO
Acquirer
GROUPE AVRIL
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).
This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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 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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with HARI&CO
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