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M&A

MATERNE-MONTBLANC (MOM GROUP)

Acquired by

GROUPE BEL

FRANCE Food Processing EV [500m EUR - 1b EUR] 09/2016

Target

MATERNE-MONTBLANC (MOM GROUP)

Acquirer

GROUPE BEL

Context

Groupe Bel entered into exclusive negotiations to acquire a majority stake in MOM Group from the private equity firm LBO France. The current management team will remain in place and retain a minority shareholding, ensuring a degree of operational autonomy for MOM within the larger Bel group. This transaction concludes a secondary LBO initiated in 2010. LBO France had previously received interest from other financial sponsors and industrial players but chose to hold the asset longer to maximize the value created by its US expansion.

The transaction values MATERNE-MONTBLANC (MOM GROUP) at an EV/Revenue multiple of LOGIN.

This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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.

-> Deep-dive in AgriFood market trends

Target

Materne-Montblanc is a major French food processing group specializing in shelf-stable (ambient) fruit and dairy snacks. The group was formed through the consolidation of two heritage brands with distinct market positions. Materne, famous for its jams and compotes, revolutionized the market with the invention of the "Pom'Pote" (fruit pouch), transforming applesauce into a portable, on-the-go snack for children. Montblanc, on the other hand, is a historic brand known for its indulgent dairy dessert creams sold in cans and cups.

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)

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2015
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2014
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Other operations with MATERNE-MONTBLANC (MOM GROUP)

DateAcquirerTargetCountrySectorDeal Context
10/2010LBO FRANCEMATERNE-MONTBLANC (MOM GROUP)FRANCEFood Products

LBO France entered into exclusive negotiations to acquire a majority stake in Materne-Montblanc from the private equity firm Activa Capital. This Secondary LBO was negotiated directly between the parties, bypassing a broad industrial auction process because the management team explicitly favored a financial partner to continue their independent adventure. The deal is predicated on two major value creation strategies. First, international expansion: the group aims to transition from exporting products to the US to establishing local manufacturing capabilities (building a factory) to serve the massive American market. Second, brand synergies: the new shareholders plan to revitalize the lagging Montblanc brand by applying Materne's packaging innovation—specifically, launching Montblanc dairy desserts in the successful pouch format.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.