When was MODECOR ITALIANA acquired by CASA OPTIMA?

MODECOR ITALIANA was acquired by CASA OPTIMA in 2017.

What was the revenue of MODECOR ITALIANA at the time of the deal?

The revenue of MODECOR ITALIANA at the time of the deal is estimated to be in the range of 25M - 50M EUR.

What was the EBITDA of MODECOR ITALIANA during the acquisition?

MODECOR ITALIANA's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the MODECOR ITALIANA 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 MODECOR ITALIANA 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://bebeez.eu/2017/11/27/icecream-ingredients-leader-mec3-buys-control-of-pastry-decorations-maker-modecor/

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Home Database AgriFoodMODECOR ITALIANA

11/2017

MODECOR ITALIANA acquired by CASA OPTIMA

ITALY Food Processing / Ingredients REV 25M - 50M EUR

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 in 2016, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (10.7x).

-> 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.

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Historical Financials (EUR)

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2015

Similar deals in Food Processing

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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	NEXT WORLD EVERGREEN	ORIENTIS GOURMET	FRANCE	Coffee & Tea
10/2017	PAI PARTNERS	REFRESCO	NETHERLANDS	Beverages
10/2017	EGERIA	EUROPEAN BAKERY GROUP	NETHERLANDS	Bakery / Pastry
07/2017	TEMASEK / UNIGRAINS / TEREOS	BOORTMALT	BELGIUM	Ingredients
06/2017	THE CARLYLE GROUP	IRCA	ITALY	Ingredients
05/2017	EURAZEO	GROUPE CPK (CARAMBAR POULAIN KREMA)	FRANCE	Food Products
04/2017	CERELIA	ENGLISH BAY BATTER	CANADA	Food Products

REFERENCES

Revenue range: 25M - 50M EUR

EBITDA range: 0M - 5M EUR

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