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09/2019

HEINEKEN invests in GALLIA PARIS

FRANCE Food Processing / Beverages / Wines & Spirits REV 0M - 5M EUR

Context

Heineken N.V. completed a minority investment in 2019 in Paris-based microbrewery Gallia Paris, a leading player in the revival of the French craft beer segment. Heineken’s minority stake was structured to support Gallia’s industrial and commercial growth while preserving its operational and creative independence. The investment provides access to broader distribution capabilities and industrial expertise, enabling gradual expansion into mainstream retail channels across France. For Heineken, the transaction reflects a strategic exposure to the fast-growing craft beer segment, characterised by market fragmentation and premiumisation dynamics. The minority investment supports a locally rooted brand with strong identity while maintaining an independent operating model, consistent with a phased approach to value creation within the craft segment.

GALLIA PARIS, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Gallia Paris is a Paris-based microbrewery operating in the urban craft beer segment. Relaunched from a historic French beer brand, the company has built its positioning around Parisian cultural identity, combining brewing production, a distinctive brand universe and gradual expansion across both hospitality and retail distribution channels. The company has experienced strong growth driven by rising demand for craft beer in France, which has led to capacity constraints at its original Pantin production site. This growth trajectory has supported the development of an industrial plan aimed at significantly increasing production volumes and enabling broader product diversification and nationwide distribution. Gallia operates an integrated model combining artisanal brewing, creative recipe development and the progressive structuring of its commercial channels. The company operates in a highly fragmented and competitive market shaped by the rapid expansion of urban microbreweries, while maintaining a differentiated positioning based on brand identity and local anchoring.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

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REFERENCES

Revenue range: 0M - 5M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: gallia paris

Acquirer: heineken