ROUTIN acquired by ARGOS WITYU
Context
Argos Wityu has acquired a majority stake in Groupe Routin from the private equity firm Seven2 (formerly Apax Partners). The transaction is the first investment in France for the "Argos Climate Action" fund. Existing minority shareholders Credit Mutuel Equity and UI Investissement, along with the management, have reinvested alongside Argos. The strategic plan focuses on international expansion (particularly in the US) combined with a radical environmental transition: reducing CO2 emissions by 7.5% annually, preserving water resources, and increasing the use of natural ingredients.
In the past, the company underwent an LBO led by Seven2 / Ui Investissement / Credit Mutuel Equity in 2019, and continued an active consolidation strategy by notably acquiring Cappuccine (2023).
ROUTIN, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the AgriFood sector (11.0x).
-> Deep-dive in AgriFood market trends
Target
Founded in 1883 in the French Alps, Routin is a leading manufacturer of high-quality syrups and beverage concentrates. The group operates through two main pillars: its premium brand "1883," dedicated to the international "Barmen & Barista" professional market (exported to over 80 countries), and its retail business through the brand "Fruiss" and extensive Private Label (MDD) manufacturing. Additionally, the group manages the Oasis syrup license. Known for its aromatic expertise and pure Alpine water sourcing, Routin serves both high-end hospitality venues and large-scale retail distribution networks.
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with ROUTIN
Other operations with ROUTIN
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2023 | ROUTIN | CAPPUCCINE | UNITED STATES | Soft Drinks |
| 10/2019 | SEVEN2 / UI INVESTISSEMENT / CREDIT MUTUEL EQUITY | ROUTIN | FRANCE | Beverages |
Similar deals in Food Processing
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2024 | CAMPARI GROUP | COURVOISIER | FRANCE | Wines & Spirits |
| 04/2024 | GLANDIA NUTRITIONALS | FLAVOR PRODUCERS | UNITED STATES | Ingredients |
| 03/2024 | CAMPBELL SOUP COMPANY | SOVOS BRANDS | UNITED STATES | Food Products |
| 03/2024 | CVC | PARTNER IN PET FOOD (PPF) | HUNGARY | Petfood |
| 02/2024 | ARDIAN | MY PIE | FRANCE | Food Products |
| 02/2024 | INVESTINDUSTRIAL / SAMMONTANA | FORNO D’ASOLO | ITALY | Bakery / Pastry |
| 12/2023 | THE FERRERO GROUP | MICHEL ET AUGUSTIN | FRANCE | Food Products |
| 11/2023 | COCA-COLA | FINLANDIA VODKA | FINLAND | Wines & Spirits |
| 11/2023 | DBAY ADVISORS | FINSBURY FOOD GROUP | UNITED KINGDOM | Food Products |
| 11/2023 | TERRENA | TIPIAK | FRANCE | Dairy |
Other operations with ARGOS WITYU
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2026 | ARGOS WITYU | BÄCKEREI KAMPS | NETHERLANDS | Restaurants / Chains |
| 06/2023 | ARGOS WITYU | TKH FRANCE | FRANCE | Electrical |
| 02/2020 | ARGOS WITYU | SICURA | ITALY | Security & Guarding |
| 07/2018 | ARGOS WITYU | JURATOYS | FRANCE | Consumer Products |
| 07/2017 | ARGOS WITYU | REVIMA GROUP | FRANCE | MRO (Maintenance, Repair & Overhaul) |
REFERENCES
Valuation range: EV €100–350M
Revenue range: €100–200M
EBITDA range: €5–25M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ROUTIN by ARGOS WITYU 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
Acquirer: argos wityu