LES 2 MARMOTTES
Acquired by
JDE PEETS
LES 2 MARMOTTES acquired by JDE PEETS
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.
LES 2 MARMOTTES, which reported an EBITDA margin of LOGIN in 2021, 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 (10.3x).
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.
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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
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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 LES 2 MARMOTTES
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 11/2018 | FRENCH FOOD CAPITAL | LES 2 MARMOTTES | FRANCE | Food Processing | FrenchFood Capital, a Paris‑ based private equity firm focused on the food sector, entered the capital of Les 2 Marmottes in 2018 through a growth equity investment of approximately EUR 12 million. The transaction was structured as a minority stake, designed to support the company’s continued expansion in France and abroad while enabling the existing family‑owned management team to retain control. The capital injection was deployed to strengthen production capacity, broaden distribution, and reinforce the brand’s positioning in the fast‑growing herbal infusion and tea categories. FrenchFood Capital’s strategy emphasized value‑accretive growth, combining organic expansion with selected commercial and operational improvements, including better penetration of large and medium‑size supermarkets and selective development in the hospitality, restaurant, and catering segment. The partnership also aimed to deepen the brand’s association with naturalness and well‑being, capitalizing on a broader consumer trend towards cleaner, plant‑based ingredients. |
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: les 2 marmottes
Acquirer: jde peets