At what enterprise value was NACTAROME GROUP acquired in 2021?

During the acquisition of NACTAROME GROUP by TA ASSOCIATES in 2021, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

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.

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.

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.

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

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.

Previously, Nactarome Group had completed the acquisition of Tasteconnection in 2021 as part of its consolidation strategy.

NACTAROME GROUP, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (10.7x).

-> 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

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
08/2025	NACTAROME GROUP	CLAREMONT INGREDIENTS	UNITED KINGDOM	Ingredients
03/2023	NACTAROME GROUP	ROYAL BUISMAN	NETHERLANDS	Ingredients
04/2021	NACTAROME GROUP	TASTECONNECTION	UNITED KINGDOM	Ingredients

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NACTAROME GROUP by TA ASSOCIATES 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.

Press release: view release

Target: nactarome group

Acquirer: ta associates