At what enterprise value was HARI&CO acquired in 2023?

You can find the full valuation details of HARI&CO 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 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HARI&CO when it was acquired by GROUPE AVRIL?

The exact EV/EBITDA multiple for HARI&CO is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

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. Register for free to access the full transaction report and exact valuation multiples.

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. Join our community for free to access complete and exact deal data.

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 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

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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 LOGIN in 2023, 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.

-> 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).

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06/2023	RIELLO INVESTIMENTI PARTNERS	IL FORNAIO DEL CASALE	ITALY	Food Processing	Riello Investimenti Partners SGR has acquired a 75% majority stake in Il Fornaio del Casale S.p.A. The founding family retains a 25% minority stake and remains involved in the management. This is the seventh acquisition for the "Italian Strategy Private Equity" fund
06/2023	MITSUI & CO	NUTRINOVA NETHERLANDS	NETHERLANDS	Food Processing	Mitsui & Co., Ltd., a diversified Japanese trading and investment group, expands its presence in functional food ingredients through the acquisition of a majority stake in Nutrinova Netherlands B.V. from Celanese Corporation
06/2023	3I	PANELTO FOODS	IRELAND	Food Processing	3i Group has announced that Panelto Foods, a premier Irish bakery group specializing in artisan breads, will join the European Bakery Group, establishing a dedicated UK and Ireland operational platform within the pan-European entity
06/2023	PERNOD RICARD	ACE BEVERAGE GROUP	CANADA	Food Processing	Pernod Ricard, through its Canadian subsidiary Corby Spirit and Wine, acquired a 90% stake in Ace Beverage Group, with a clear path to 100% ownership via two call options exercisable in 2025 and 2028. The transaction is structured as a majority‑stake bolt‑on designed to position Corby as a leading force in the Canadian RTD category, where Ace Beverage Group is already the largest independent operator and a pure‑play RTD platform
06/2023	HEINEKEN	OEDIPUS	NETHERLANDS	Food Processing	Heineken N.V. strengthened its position in the craft beer segment through the acquisition of the remaining shares of Oedipus Brewing, having previously held a minority stake since 2019. Based in Amsterdam, Oedipus has established itself as a recognised craft beer brand through its distinctive identity, community-driven culture and portfolio of differentiated products, building a loyal consumer base in the Dutch market

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: 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: hari&co

Acquirer: groupe avril