ROUTIN
Acquired by
SEVEN2 / UI INVESTISSEMENT / CREDIT MUTUEL EQUITY
ROUTIN acquired by SEVEN2 / UI INVESTISSEMENT / CREDIT MUTUEL EQUITY
Target
ROUTIN
Acquirer
SEVEN2 / UI INVESTISSEMENT / CREDIT MUTUEL EQUITY
Context
Apax Partners Development acquired a majority stake in Routin following a competitive auction process managed by Transaction R. The transaction marked the exit of Credit Mutuel Equity as the majority shareholder, though they reinvested significantly to remain as a minority partner. The new investment cycle aims to leverage the international success of the "1883" brand in the coffee and cocktail markets.
This transaction is part of the AgriFood industry, which currently tracks an average EBITDA multiple of 10.1x since the beginning of 2026, 9.8% decrease compared to 2025. 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
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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with ROUTIN
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 03/2024 | ARGOS WITYU | ROUTIN | FRANCE | Beverages | 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. |
| 02/2023 | ROUTIN | CAPPUCCINE | UNITED STATES | Soft Drinks | Routin-1883 acquired 100% of Cappuccine to accelerate its footprint in the North American market, the world's largest for coffee shops and mixology. This acquisition marks Routin's third external growth operation since Apax's entry in 2019 (following Eyguebelle and Artonic). The deal was financed through a mix of equity and debt (LCL, Credit Agricole). By integrating Cappuccine's powdered mix expertise, Routin diversifies its product portfolio to offer a complete "one-stop-shop" solution for coffee chains and the Foodservice industry globally. |
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