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MODECOR ITALIANA

Acquired by

CASA OPTIMA

ITALY Food Processing REV [1m EUR - 100m EUR] 11/2017

Target

MODECOR ITALIANA

Acquirer

CASA OPTIMA

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).

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

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Equity Value

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Multiples Analysis

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2017
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2016
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