11/2017Majority

Casa Optima takes majority stake in Modecor Italiana

ITALY Food Processing / Ingredients REV €25–50M

Context

MEC3, backed by Charterhouse Capital Partners, acquired a controlling stake in Modecor Italiana. The transaction allows MEC3 to diversify its offering beyond gelato ingredients into the complementary pastry decoration market. Modecor retains its operational inependence and brand identity and the CEO is continuing to lead the company. The deal creates significant commercial synergies, as both companies sell to the same customer base (pastry shops and gelato parlors).

Modecor Italiana, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the AgriFood sector (11.5x in 2026).

-> Deep-dive in AgriFood market trends

Target

Founded in 1960, Modecor is an European reference in the production of decorations of pastry and cake design. The company offers a wide range of edible decorations (chocolate, sugar paste, wafer) and non-edible accessories for professional pastry chefs and ice cream parlors.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2016

2015

Other operations with Casa Optima

Other operations with Casa Optima
Date	Acquirer	Target	Country	Sector
09/2025	ADIA	CASA OPTIMA	ITALY	Ingredients
11/2016	CHARTERHOUSE	CASA OPTIMA	ITALY	Ingredients
02/2014	RIVERSIDE	CASA OPTIMA	ITALY	Ingredients

Similar deals in Food Processing

Similar deals in Food Processing
Date	Acquirer	Target	Country	Sector
04/2018	CINVEN	PARTNER IN PET FOOD (PPF)	HUNGARY	Petfood
04/2018	GENERAL MILLS	BLUE BUFFALO PET PRODUCTS	UNITED STATES	Petfood
11/2017	SÜDZUCKER	RICHELIEU FOODS	UNITED STATES	Food Products
10/2017	EGERIA	EUROPEAN BAKERY GROUP	NETHERLANDS	Bakery / Pastry
10/2017	NEXT WORLD EVERGREEN	ORIENTIS GOURMET	FRANCE	Coffee & Tea
10/2017	PAI PARTNERS	REFRESCO	NETHERLANDS	Beverages
09/2017	NESTLE	SWEET EARTH	UNITED STATES	Food Products
07/2017	COMPAGNIE NATIONALE A PORTEFEUILLE	CAFFITALY	ITALY	Coffee & Tea
07/2017	TEMASEK / UNIGRAINS / TEREOS	BOORTMALT	BELGIUM	Ingredients
06/2017	THE CARLYLE GROUP	IRCA	ITALY	Ingredients

REFERENCES

Revenue range: REV €25–50M

EBITDA range: €0–5M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Modecor Italiana by Casa Optima 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: modecor italiana

Acquirer: casa optima

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Modecor Italiana, an Italian company specialised in Ingredients, by Casa Optima in 2017.

What were Modecor Italiana’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Modecor Italiana generated annual revenue estimated in the €25–50M range and EBITDA in the €0–5M bracket (FY 2016). Detailed financial figures are available to members.

How does the valuation of Modecor Italiana compare to benchmarks in the AgriFood sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. By way of comparison, in 2026 companies in the AgriFood sector are valued at a multiple of 11.5x EBITDA.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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