At what enterprise value was MARKAL acquired in 2021?

During the acquisition of MARKAL by FRENCH FOOD CAPITAL / BPIFRANCE / TIKEHAU CAPITAL in 2021, 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 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of MARKAL when it was acquired by FRENCH FOOD CAPITAL / BPIFRANCE / TIKEHAU CAPITAL?

The estimated EV/EBITDA multiple for MARKAL is in the range of 10x - 18x. Join our community for free to access full valuation data and industry trends.

What was the revenue of MARKAL at the time of the deal?

The revenue of MARKAL at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MARKAL during the acquisition?

MARKAL's EBITDA is estimated to be in the range of 5M - 25M 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 MARKAL 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 MARKAL 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://capitalfinance.lesechos.fr/deals/lbo/la-marque-de-cereales-bio-markal-assure-sa-transmission-1343634

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Home DatabaseMARKAL

09/2021

MARKAL

Acquired by

FRENCH FOOD CAPITAL, BPIFRANCE & TIKEHAU CAPITAL

FRANCE Food Processing / Food Products EV 50M - 150M EUR

MARKAL acquired by FRENCH FOOD CAPITAL, BPIFRANCE & TIKEHAU CAPITAL

FRANCE Food Processing / Food Products EV 50M - 150M EUR

Context

Lionel Wolberg, leading a prominent financial consortium comprising FrenchFood Capital, Bpifrance, and Tikehau Capital, has successfully completed the acquisition of Markal. This strategic corporate transmission represents a major milestone for the Drôme-based pioneer, which boasts an established revenue profile of EUR 68 million and a workforce of approximately 70 employees. The transaction architecture was structured to ensure long-term corporate stability and continuity, with the historical founding Markarian family rolling over a portion of their assets to retain a meaningful minority stake alongside the new ownership. Strategic rationale for this buyout includes the professionalization of Markal's leadership and the institutionalization of its extensive sourcing and distribution capabilities. By appointing Lionel Wolberg as President, the company gains access to deep sector expertise and significant financial backing from dedicated agri-food and institutional investment funds. The incoming capital and strategic guidance will be deployed to accelerate Markal's product innovation pipeline, reinforce its sustainable agricultural partnerships, and scale its commercial footprint across specialized European organic retail networks and international export channels.

MARKAL, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

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.

Target

Markal is an emblematic French industrial enterprise and a pioneer in the organic food sector, specializing in the manufacturing and distribution of premium dry organic groceries. Founded in 1936 and headquartered in Saint-Marcel-lès-Valence (Drôme), the company manages a comprehensive portfolio of over 1,000 SKUs, ranging from cereals and pulses to specialized plant-based products. With a deep-rooted heritage spanning three generations, the firm operates a sophisticated 14,000 m² integrated site dedicated to production, packaging, and logistics. Markal has successfully institutionalized its ancestral know-how, achieving a turnover of EUR 68 million (FY 2020), with approximately 15% of its revenues derived from international operations across 40 countries. The company holds a prominent leadership position within the French organic landscape, characterized by its historical legitimacy and extensive market penetration. As a "pioneer of the plant-based movement," Markal is a cornerstone supplier for 100% of specialized organic retail networks in France, maintaining a dominant presence through both direct distribution and regional wholesale partnerships.

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MARKAL by FRENCH FOOD CAPITAL / BPIFRANCE / TIKEHAU CAPITAL are reserved for mynth community members. Register for free to unlock full data.

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: markal

Acquirer: tikehau capital / french food capital / bpifrance