Montagu Private Equity takes majority stake in Arkopharma
Context
Structured as a leveraged buyout transaction, this cross-border acquisition orchestrates the transfer of majority control of Arkopharma from the founding Rombi family to the private equity firm Montagu. Officially announced in March 2014, the agreement secures the acquisition of a controlling interest in the French phytotherapy group, with the Rombi family liquidating its historical 98.5 percent equity stake. The ownership transition concludes a foundational cycle initiated under founder Max Rombi, formalizing a corporate handover under the leadership of directoire chairman Philippe Rombi. Financially, the financial sponsor backs the enterprise to pursue sector consolidation within an expanding European nutraceutical market comprising over four hundred active operators. Arkopharma enters the transaction following a financial exercise generating an annual turnover of €150–250M. The strategic thesis articulated by the incoming controlling shareholder centers on deploying institutional capital to accelerate cross-border scale across the fragmented European OTC market, actively leveraging rising structural consumer demand for plant-based alternatives and natural geriatric treatments. The definitive agreement initiates a private equity ownership phase intended to support add-on acquisitions and expand distribution beyond historical domestic borders. To orchestrate this mid-market transaction, specialized investment banking teams provided M&A advisory support throughout negotiations: the buyer was advised by Lazard, while the selling Rombi family mandated Rothschild to manage sell-side corporate finance execution.
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Target
Founded in 1980 in the suburb of Carros near Nice by Max Rombi, Arkopharma operates as a fully integrated specialist in the development of phytotherapy and natural dietary supplements. The French laboratory maintains an entirely centralized industrial structure that oversees the complete value chain, encompassing raw material procurement, internal research and development, manufacturing, and direct commercial distribution. The company leverages a substantial operational footprint supported by a dedicated workforce of approximately 950 employees. Its specialized product portfolio is systematically organized around twelve key therapeutic domains, prominently featuring strategic flagship brands including Forcapil for hair care, Arkorelax for stress management, Azinc and Arkovital for energy, Arkoroyal for immunity, Cys-Control for urinary health, and Chondro-Aid for joint support. Beyond its dominant historical position within the French domestic market, the phytotherapy specialist maintains a robust European commercial network. This cross-border presence is anchored by established subsidiary operations across Spain, where it ranks as the third-largest market player, alongside localized distribution infrastructure in Portugal, Italy, Belgium, the Netherlands, and Switzerland. By maintaining continuous in-house manufacturing capabilities combined with specialized botanical extraction techniques, the laboratory supplies pharmaceutical dispensaries and retail networks with plant-based therapeutic solutions designed to address everyday health requirements.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Arkopharma
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2023 | DERMAPHARM | ARKOPHARMA | FRANCE | Nutrition & Dietary Supplements |
Other operations with Montagu Private Equity
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | MONTAGU PRIVATE EQUITY | BMC HELIX | UNITED STATES | Data, Analytics & AI |
| 04/2026 | MONTAGU PRIVATE EQUITY | DQS | GERMANY | TIC (Testing, Inspection, Certification) |
| 12/2025 | MONTAGU PRIVATE EQUITY / KOHLBERG | TELEFLEX MEDICAL OEM | UNITED STATES | Medical Consumables |
| 06/2025 | MONTAGU PRIVATE EQUITY | MULTIFONDS | LUXEMBOURG | Financial Services / Banking |
| 02/2022 | MONTAGU PRIVATE EQUITY / PARTNERS GROUP | HTL BIOTECHNOLOGY | FRANCE | CDMO |
| 07/2021 | MONTAGU PRIVATE EQUITY | INTECH MEDICAL | FRANCE | Implants & Prosthetics |
| 01/2021 | MONTAGU PRIVATE EQUITY | IMV TECHNOLOGIES | FRANCE | R&D Biotech |
| 02/2014 | MONTAGU PRIVATE EQUITY | NEMERA | FRANCE | Medical Consumables |
| 06/2009 | MONTAGU PRIVATE EQUITY | ADB SAFEGATE | BELGIUM | Aerospace, Naval & Defense |
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €150–250M
EV/Revenue range: 1x - 3x
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: arkopharma
Acquirer: montagu private equity
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