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10/2020100%

Palais Impérial acquired by Haudecoeur

FRANCE Food Processing / Beverages / Coffee & Tea REV €5–25M

Context

Haudecoeur, backed by Ergon Capital Partners and the founding family, completed the acquisition of Palais Impérial from its founders, Nicolas Pacheny and Arnaud Gillier, who reinvest alongside existing shareholders. The transaction represents a strategic bolt-on acquisition executed within the framework of Haudecoeur’s ongoing buy-and-build strategy following its primary LBO completed one year earlier. Structured as a majority investment at the group level, the deal leverages existing acquisition financing lines to support external growth initiatives. From a strategic standpoint, the transaction enables Haudecoeur to internalize a product category where it previously relied on partner brands, notably in tea. By integrating Palais Impérial, the group strengthens its branded offering and gains direct exposure to the green tea segment, where the target holds a leading position in France. The combination enhances cross-selling opportunities and broadens the product portfolio, reinforcing the group’s value proposition toward both retail and distribution partners. Additionally, the deal aligns with a broader sector consolidation trend in specialty and ethnic food segments, where scale, brand ownership, and sourcing capabilities are key differentiators.

Palais Impérial, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the AgriFood sector (12.4x in 2020).

-> Deep-dive in AgriFood market trends

Target

Palais Impérial is a France-based food company specializing in the sourcing, branding, and distribution of green tea products. Headquartered in the Paris region, the company has established itself as a leading player in the French green tea segment, supported by a portfolio of well-recognized brands including El Taj 9371, 411, and 555. Its product offering spans a broad range of teas distributed across France and select European markets, leveraging both ethnic retail channels and mainstream distribution networks. The company operates a branded distribution model, combining sourcing capabilities with strong market positioning in culturally specific consumer segments. Palais Impérial benefits from a differentiated value proposition driven by brand recognition and product specialization, allowing it to maintain a solid foothold in a fragmented and competitive beverage category. Its established commercial footprint and category leadership in green tea make it a relevant platform within the broader specialty food landscape.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
€5–25M
€0–5M
[members only]
2018
€5–25M
€0–5M
[members only]

Other operations with Haudecoeur

Other operations with Haudecoeur
DateAcquirerTargetCountrySector
07/2026HAUDECOEURNATUR FOODGERMANYFood Products
11/2024APHEON / GROUPE LFPIHAUDECOEURFRANCEFood Retail
06/2019APHEONHAUDECOEURFRANCEFood Retail

Similar deals in Food Processing

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08/2020GLANDIA NUTRITIONALSFOODAROMCANADAIngredients
06/2020ROYAL DSMERBER GROUPAUSTRIAPetfood
01/2020BEMYCOMPANY CAPITAL PARTNERSACETAIA FONDO MONTEBELLOITALYFood Products
01/2020AROMATAGROUPNACTIS FLAVOURSFRANCEIngredients
01/2020BEMYCOMPANY CAPITAL PARTNERACETAIA FONDO MONTEBELLOITALYFood Products
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12/2019ARDIANCERELIAFRANCEBakery / Pastry

REFERENCES

Revenue range: REV €5–25M

EBITDA range: €0–5M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Palais Impérial by Haudecoeur 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: palais impérial

Acquirer: haudecoeur

FAQ

What transaction does this page cover?

This page covers Haudecoeur’s acquisition of 100% of Palais Impérial, a French company specialised in Beverages, in 2020.

What were Palais Impérial’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Palais Impérial generated annual revenue estimated in the €5–25M range and EBITDA in the €0–5M bracket (FY 2019). Detailed financial figures are available to members.

How does the valuation of Palais Impérial compare to benchmarks in the AgriFood sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 12.4x EBITDA during 2020.

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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