At what enterprise value was HOTEL CHOCOLAT GROUP acquired in 2023?

During the acquisition of HOTEL CHOCOLAT GROUP by MARS in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. 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 Retail & Consumer industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HOTEL CHOCOLAT GROUP when it was acquired by MARS?

The estimated EV/EBITDA multiple for HOTEL CHOCOLAT GROUP is in the range of 10x - 18x. For comparison, the Retail & Consumer 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 HOTEL CHOCOLAT GROUP acquired by MARS?

HOTEL CHOCOLAT GROUP was acquired by MARS in 2023.

What was the revenue of HOTEL CHOCOLAT GROUP at the time of the deal?

The revenue of HOTEL CHOCOLAT GROUP at the time of the deal is estimated to be in the range of 150M - 250M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of HOTEL CHOCOLAT GROUP during the acquisition?

HOTEL CHOCOLAT GROUP's EBITDA is estimated to be in the range of 25M - 50M GBP. 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 HOTEL CHOCOLAT GROUP 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 HOTEL CHOCOLAT GROUP 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.foodmanufacture.co.uk/Article/2023/11/16/Mars-acquires-Hotel-Chocolat-in-534m-deal/

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Home Database Retail & ConsumerHOTEL CHOCOLAT GROUP

11/2023

HOTEL CHOCOLAT GROUP acquired by MARS

UNITED KINGDOM Retail / Food Retail / Fine Food / Organic EV 500M - 1.5b GBP

Context

Mars has reached an agreement to acquire the entire issued share capital of Hotel Chocolat. The transaction is structured as an all-cash offer recommended by the Hotel Chocolat board. The deal aims to leverage Mars' global supply chain and operational expertise to solve Hotel Chocolat's international logistics challenges, allowing the British brand to scale globally. Mars views this as a strategic entry into the premium chocolate segment, complementing its mass-market portfolio. Hotel Chocolat's co-founders will reinvest a portion of their proceeds and remain with the company to lead the brand's next growth phase.

By taking control of Hotel Chocolat Group, Mars continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Kevin'S Natural Foods in 2023.

HOTEL CHOCOLAT GROUP, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Founded in 1993 by Angus Thirlwell and Peter Harris, Hotel Chocolat is a British premium chocolatier and omni-channel retailer. The brand is known for its high cocoa content products, "less sugar" philosophy, and ethical sourcing (it owns a cacao farm in St Lucia). It operates approximately 130 stores in the UK (often with cafes), a strong online subscription business, and is famous for its "Velvetiser" home hot chocolate system.

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2021

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REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 150M - 250M GBP

EBITDA range: 25M - 50M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HOTEL CHOCOLAT GROUP by MARS 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.