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09/2022

LES 2 MARMOTTES acquired by JDE PEETS

FRANCE Food Processing / Beverages / Coffee & Tea REV 10M - 30M EUR

Context

JDE Peet’s, a Netherlands‑based global coffee and beverage group listed on Euronext Amsterdam, acquired Les 2 Marmottes from FrenchFood Capital I in an all‑equity transaction structured as a 100% asset purchase. The deal represents JDE Peet’s first direct entry into the French herbal infusion market and complements its already extensive tea and coffee portfolio, which includes brands such as L’Or, Senseo, Tassimo, Jacques Vabre, and Grand’Mère. The acquisition is strictly accretive to the group’s strategic agenda of diversifying its beverage mix beyond coffee, a category that represents about 85% of JDE Peet’s revenues, while tea and infusions still account for a low single‑digit share of sales. Les 2 Marmottes brought to the group a proven track record of double‑digit growth, a national supermarket footprint, and a strongly differentiated brand rooted in natural ingredients and regional Alps identity. The transaction allows JDE Peet’s to rapidly scale its presence in the herbal tea segment, where Les 2 Marmottes has become the leading contributor to category growth in large‑scale distribution and the third‑largest brand by market share.

It is worth noting that the fund French Food Capital took control of Les 2 Marmottes through an LBO in 2018.

LES 2 MARMOTTES, which reported an EBITDA margin of in 2021, 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

Les 2 Marmottes is a French food‑processing company based in Bons‑en‑Chablais, in the Haute‑Savoie region of the French Alps, specialized in the production and commercialization of herbal infusions and tisanes. Founded in 1976 by the parents of current managing director Jean‑Marc Stezycki, the company has built a 40‑plus‑year heritage around artisanal, plant‑based herbal teas without added flavorings. Its core product line includes 28 herbal infusion recipes and 8 tea references, all formulated from 100% natural plants sourced through direct relationships with producers. The company positions itself around authenticity, natural ingredients, and a strong regional identity, emphasizing short‑loop supply chains and full control of key steps such as cutting, debacterization, blending, and packaging within its own manufacturing facility.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

Other operations with LES 2 MARMOTTES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
11/2018FRENCH FOOD CAPITALLES 2 MARMOTTESFRANCECoffee & Tea

REFERENCES

Revenue range: 10M - 30M 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 LES 2 MARMOTTES by JDE PEETS 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: les 2 marmottes

Acquirer: jde peets