At what enterprise value was NACTAROME GROUP acquired in 2021?

During the acquisition of NACTAROME GROUP by TA ASSOCIATES in 2021, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NACTAROME GROUP when it was acquired by TA ASSOCIATES?

The estimated EV/EBITDA multiple for NACTAROME GROUP is in the range of 15x - 25x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.6x. Join our community for free to access full valuation data and industry trends.

When was NACTAROME GROUP acquired by TA ASSOCIATES?

NACTAROME GROUP was acquired by TA ASSOCIATES in 2021.

What was the revenue of NACTAROME GROUP at the time of the deal?

The revenue of NACTAROME GROUP at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NACTAROME GROUP during the acquisition?

NACTAROME GROUP's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NACTAROME GROUP 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 NACTAROME GROUP 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://www.ta.com/news/ta-associates-announces-strategic-growth-investment-in-nactarome/

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Home Database AgriFoodNACTAROME GROUP

11/2021

NACTAROME GROUP

Acquired by

TA ASSOCIATES

ITALY Food Processing / Ingredients EV 500M - 1.5b EUR

NACTAROME GROUP acquired by TA ASSOCIATES

ITALY Food Processing / Ingredients EV 500M - 1.5b EUR

Context

TA Associates acquired a majority stake in Nactarome from Ambienta SGR SpA, with Nactarome management retaining minority equity alongside the seller. This secondary buyout transitions control of the Italian flavours platform, financed via TA's debt fund following a competitive auction managed by Lazard. The move aligns with TA's thesis on high-margin B2B food ingredients, where Nactarome's natural flavours and clean-label prowess—bolstered by bolt-ons like Nactis and IPAM—offer organic R&D-led growth plus tuck-in potential. Timing taps peak sector momentum, with Europe F&B buyouts hitting €13 billion amid premium multiples for optimized PE assets; post-deal priorities encompass international expansion, service elevation, and M&A continuity.

NACTAROME GROUP, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the AgriFood sector (10.6x).

Note that 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

Nactarome Group, headquartered near Milan, Italy, stands as a leading developer and manufacturer of natural flavours, colours, taste solutions, and functional ingredients for food, beverage, and life sciences. With 12 production sites, over 550 employees, and €135 million turnover, it serves 5,000+ customers in 100 countries (2025) via brands like Create Flavours, Nactis, and Pharmorgana. Offerings span clean-label alternatives from renewable sources. Revenue flows from B2B innovation for retailers and processors. Strategically, it targets nutrition expansion, blending heritage with global networks for agility. This fuels M&A platform building. Nactarome's edge lies in sustainable, natural solutions outpacing synthetics.

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Other operations with NACTAROME GROUP

Date	Acquirer	Target	Country	Sector	Deal Context
08/2025	NACTAROME GROUP	CLAREMONT INGREDIENTS	UNITED KINGDOM	Food Processing	Nactarome Group agreed to acquire Claremont Ingredients Ltd. from THG Nutrition, a subsidiary of THG PLC, in a strategic bolt-on enhancing its United Kingdom operations and sports nutrition foothold. Transaction facts outline a full ownership transfer of the flavour specialist, aligning with Nactarome's aggressive M&A playbook of tuck-in acquisitions to broaden capabilities. Strategic rationale shines through perfect complementarity: Claremont's entrenched expertise in sports nutrition masking, bakery, bars, and beverages dovetails seamlessly with Nactarome's natural flavours and colours heritage, amplifying innovation pipelines and customer-centric solutions. Timing capitalizes on booming demand for performance ingredients, enabling cross-pollination of production know-how, analytical tools, and global networks—particularly strengthening Nactarome's UK presence amid sector tailwinds. Post-deal objectives prioritize collaborative R&D for clean-label breakthroughs, agility in trend response, and expanded portfolio value for shared clients, fostering mutual growth trajectories.
04/2021	NACTAROME GROUP	TASTECONNECTION	UNITED KINGDOM	Food Processing	Ambienta-backed Nactarome Group completed the acquisition of TasteConnection from its founders, marking its fourth add-on in 2.5 years and establishing a UK industry hub. Transaction facts detail full ownership transfer of the seasonings specialist, integrating its Gloucestershire facility adjacent to Nactarome's existing operations for streamlined synergies. Rationale centers on strategic adjacency in clean-label flavourings, with TasteConnection's snacks and savoury dominance complementing Nactarome's top-notes portfolio to create comprehensive aromatic solutions. This bolt-on exemplifies platform consolidation in natural ingredients, where sustainability-focused PE deploys dry powder for high-growth niches—benchmarking Ambienta's serial add-ons against peers and signaling robust M&A pipelines for clean-label leaders targeting defensive consumer staples.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: ta associates