At what enterprise value was PROPOLIS DEVELOPPEMENT acquired in 2024?

During the acquisition of PROPOLIS DEVELOPPEMENT by RELAIS VERT in 2024, 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 10M - 30M 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 Retail & Consumer industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of PROPOLIS DEVELOPPEMENT when it was acquired by RELAIS VERT?

The estimated EV/EBITDA multiple for PROPOLIS DEVELOPPEMENT is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was PROPOLIS DEVELOPPEMENT acquired by RELAIS VERT?

PROPOLIS DEVELOPPEMENT was acquired by RELAIS VERT in 2024.

What was the revenue of PROPOLIS DEVELOPPEMENT at the time of the deal?

The revenue of PROPOLIS DEVELOPPEMENT at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of PROPOLIS DEVELOPPEMENT during the acquisition?

PROPOLIS DEVELOPPEMENT's EBITDA is estimated to be in the range of 0M - 5M 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 PROPOLIS DEVELOPPEMENT 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 PROPOLIS DEVELOPPEMENT 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.lejournaldesentreprises.com/article/avec-le-rachat-de-propolis-developpement-le-groupe-relais-vert-poursuit-sa-croissance-sur-le-marche-2097582#:~:text=Le%20groupe%20Relais%20Vert%2C%20bas%C3%A9,de%20CA)%2C%20bas%C3%A9%20en%20r%C3%A9gion

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Home Database Retail & ConsumerPROPOLIS DEVELOPPEMENT

06/2024

PROPOLIS DEVELOPPEMENT

Acquired by

RELAIS VERT

FRANCE Retail / Food Retail / Fine Food / Organic EV 10M - 30M EUR

PROPOLIS DEVELOPPEMENT acquired by RELAIS VERT

FRANCE Retail / Food Retail / Fine Food / Organic EV 10M - 30M EUR

Context

The acquisition of Propolis Développement by Relais Vert represents a strategic move to consolidate the French organic food distribution market. The deal is expected to create a leading player in the industry, with a combined revenue of approximately 300 million euros. The transaction is driven by the strategic rationale of expanding Relais Vert's distribution network, optimizing its logistics, and reducing its carbon footprint. By acquiring Propolis Développement, Relais Vert aims to strengthen its position in the market, improve its operational efficiency, and enhance its ability to serve its customers. The deal is also expected to create new opportunities for growth and development, as the combined entity will have a stronger presence in the market and a more comprehensive range of products. The acquisition is part of Relais Vert's broader strategy to support the national development of organic food stores and promote sustainable practices in the industry. With the combined entity, Relais Vert will be better positioned to respond to the growing demand for organic products in France and to promote environmentally friendly practices throughout its operations.

PROPOLIS DEVELOPPEMENT, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.3x).

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.

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Target

Propolis Developpement is a strategic investment and consolidation platform focused on building a market-leading champion within the European organic and biodynamic fresh produce sector. Led by experienced entrepreneurial management, the holding company targets high-quality, specialized agri-food distribution assets with strong brand equity and robust underlying logistics infrastructure. By executing a disciplined buy-and-build strategy, the platform seeks to assemble a comprehensive ecosystem capable of servicing both specialized retail networks and broader wholesale markets, utilizing centralized strategic management to drive commercial scale. Market Positioning: The firm acts as an institutional consolidator and a major platform player in the competitive French organic fruits and vegetables wholesale space. Through targeted acquisitions of premium market participants, the group continuously enhances its market share and strengthens its collective pricing power against traditional agrifood supply networks. Economic Model: The platform’s revenue architecture is diversified across multiple specialized subsidiaries operating in the organic and Demeter (biodynamic) certified produce sectors. Its economic performance is optimized by achieving significant cross-selling opportunities, driving purchasing synergies at the platform level, and consolidating logistical footprints to maximize gross margins across its distribution network.

Ent. Value

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Multiples

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Historical Financials (EUR)

Year

Rev

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2024

2023

Other operations with PROPOLIS DEVELOPPEMENT

Date	Acquirer	Target	Country	Sector	Deal Context
09/2021	PROPOLIS DEVELOPPEMENT	BONABIO	FRANCE	Retail	Propolis Developpement has successfully acquired a 100% stake in Bonabio, marking another decisive step in its buy-and-build strategy to consolidate the French organic fresh produce distribution sector. This transaction represents a complete shareholder transition as the founding director executed his retirement succession plan, selecting a qualified strategic sponsor to guarantee corporate continuity and team stability. Prior to the final agreement, the transaction was conducted through a highly structured, competitive M&A auction process managed on the sell-side. From a strategic perspective, this build-up operation is highly complementary to Propolis Developpement’s existing asset portfolio, following its notable 2018 acquisition of Dynamis, a major player in organic and Demeter fruit and vegetable distribution. By incorporating Bonabio’s EUR 17 million revenue profile, specialized tropical fruit sourcing networks, and Rungis-based ripening infrastructure, the combined platform significantly scales its purchasing power and category expertise. The integration will unlock substantial logistical, operational, and commercial synergies, positioning the expanded group as a primary counterparty for specialized organic distribution networks.

REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PROPOLIS DEVELOPPEMENT by RELAIS VERT 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).

Acquirer: relais vert