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10/2017Minority

Next World Evergreen invests in Orientis Gourmet

FRANCE Food Processing / Beverages / Coffee & Tea EV €50–150M

Context

Next World Evergreen, a private‑market investor with a permanent‑capital structure and a focus on retail and consumer‑goods brands, invested EUR 20 million in Orientis Gourmet, the holding company behind the Kusmi Tea and LØv Organic brands. The transaction is structured as a minority stake, with the Orebi family remaining the majority and controlling shareholder, and the capital injection deployed primarily through an equity increase. The investment is part of a broader strategy to accelerate the international rollout of Kusmi Tea, including deeper penetration in the German market, where the brand already enjoys strong margin potential, and the expansion of franchise‑driven boutique networks in Asia, with entries in Korea scheduled for 2018 through a partnership with Blue Bell. Orientis Gourmet plans to allocate around EUR 6 million over three years to modernize its blending, flavoring, and packaging lines at the Saint‑Vigor‑d’Ymonville site, including the introduction of automated sachet‑filling equipment, which allows the group to bring previously outsourced pouch‑making activities back to France while maintaining cost equivalence.

Orientis Gourmet, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, to compare with the average currently observed in the AgriFood sector (11.4x in 2026).

-> Deep-dive in AgriFood market trends

Target

Kusmi Tea is a French premium tea brand and lifestyle‑driven consumer‑good company operating under the parent group Orientis Gourmet. The brand specializes in high‑quality loose‑leaf teas, infusions, and specialty blends, positioning itself at the upper end of the tea market with a strong focus on design, flavor innovation, and a refined, contemporary identity. Kusmi Tea products are based on teas imported from origin countries such as China, India, and Ceylon, then blended, aromatized, and packaged at Orientis Gourmet’s industrial site in Saint‑Vigor‑d’Ymonville near Le Havre, which handles the full production chain from blending to sachet‑filling and logistics. The company also owns the bio‑oriented brand LØv Organic, which strengthens its positioning in the natural and organic tea segment. Kusmi Tea sells through a mixed‑channel model, including its own network of approximately 100 shops worldwide (in 2017, with around 70 in France), concessions in major Parisian department stores, Monoprix, and other specialty retailers, as well as e‑commerce.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2016
€50–100M
€0–5M
[members only]
2015
€50–100M
€0–5M
[members only]

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REFERENCES

Valuation range: EV €50–150M

Revenue range: €50–100M

EBITDA range: €0–5M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Orientis Gourmet by Next World Evergreen 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: orientis gourmet

Acquirer: next world evergreen

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Orientis Gourmet, a French company specialised in Beverages, by Next World Evergreen in 2017.

How was the acquisition of Orientis Gourmet by Next World Evergreen valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €50–150M band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Orientis Gourmet’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Orientis Gourmet generated annual revenue estimated in the €50–100M range and EBITDA in the €0–5M bracket (FY 2016). Detailed financial figures are available to members.

How does the valuation of Orientis Gourmet compare to benchmarks in the AgriFood sector?

With an estimated valuation multiple in the range of 15x - 25x in 2017, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the AgriFood sector are valued at a multiple of 11.4x EBITDA.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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