At what enterprise value was SPLENDOR PLANT acquired in 2026?

During the acquisition of SPLENDOR PLANT by SEAFIRE in 2026, 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 100M - 350M SEK. 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 AgriFood industry currently tracks an average EBITDA multiple of 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SPLENDOR PLANT when it was acquired by SEAFIRE?

The estimated EV/EBITDA multiple for SPLENDOR PLANT is in the range of 5x - 12x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was SPLENDOR PLANT acquired by SEAFIRE?

SPLENDOR PLANT was acquired by SEAFIRE in 2026.

What was the revenue of SPLENDOR PLANT at the time of the deal?

The revenue of SPLENDOR PLANT at the time of the deal is estimated to be in the range of 100M - 200M SEK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SPLENDOR PLANT during the acquisition?

SPLENDOR PLANT's EBITDA is estimated to be in the range of 10M - 30M SEK. 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 SPLENDOR PLANT 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 SPLENDOR PLANT 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.inderes.dk/en/releases/seafire-acquires-splendor-plant-ab-and-resolves-on-a-fully-guaranteed-rights-issue-of-approximately-sek-140-million

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Home Database AgriFoodSPLENDOR PLANT

04/2026

SPLENDOR PLANT acquired by SEAFIRE

SWEDEN Agriculture / Specialized & Indoor Farming / Horticulture & Flowers EV 100M - 350M SEK

Context

Seafire AB has entered into a definitive agreement to acquire all outstanding shares of Splendor Plant AB, a wholesale plant nursery operating across the Nordic region. The transaction is structured as a cash and debt‑free purchase on a cash basis, with a conditional earn‑out component tied to post‑closing performance metrics. The acquisition follows Seafire's recent rights issue, which provides the necessary equity capital to fund the deal and to support future growth initiatives. The rationale for the acquisition is to broaden Seafire's footprint in green infrastructure by adding a well‑established B2B plant supplier to its portfolio. Splendor Plant's product range of trees and shrubs complements Bara Mineraler AB's mineral offerings, creating opportunities for bundled solutions to municipal and landscaping clients. The combined entity is expected to increase pro forma revenue by roughly 21 percent and adjusted EBITA by about 39 percent, enhancing overall profitability and scale. Operationally, the integration will align Splendor Plant's propagation and logistics capabilities with Seafire's existing distribution network, reducing overlapping costs and improving service levels. The transaction lowers the group's net‑debt to adjusted EBITDA leverage to between 1.7x and 2.4x, thereby expanding financial capacity for additional acquisitions. The expanded product suite and enlarged customer base are projected to strengthen market positioning and drive incremental organic growth.

SPLENDOR PLANT, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the AgriFood sector (10.8x).

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

Splendor Plant AB was founded in 1961 and operates as a wholesale plant nursery serving the Nordic region. The company manages the full production cycle from propagation in climate‑controlled glasshouses to field cultivation, focusing on trees and shrubs as its principal product groups. Its customer base consists exclusively of professional buyers, including landscapers, municipal authorities, plant retailers, wholesale distributors and housing corporations. Sales are conducted through a B2B model that combines volume‑based pricing with long‑term supply contracts, enabling predictable cash flows. Distribution relies on a network of regional depots and a fleet of temperature‑controlled vehicles that ensure product quality during transport. The firm maintains proprietary breeding programs to develop varieties adapted to local climates, thereby differentiating its catalogue from generic suppliers. Operational efficiency is supported by integrated inventory management systems that align planting schedules with seasonal demand patterns. Geographic coverage extends across Sweden, Denmark, Norway and Finland, with localized logistics hubs that reduce delivery times. The business model emphasizes recurring revenue from repeat orders, while maintaining a lean overhead structure through centralized procurement and shared services across its Nordic operations.

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11/2017	LVMH	COLGIN CELLARS	UNITED STATES	Agriculture	LVMH acquired a 60% controlling majority stake in Colgin Cellars from Ann Colgin and Joe Wender in a highly strategic, friendly transaction. The deal was structured via a definitive private share purchase agreement negotiated directly by LVMH Chairman Bernard Arnault and executed on-site by Anish Melwani, CEO of LVMH Inc
04/2014	LVMH	DOMAINE DES LAMBRAYS	FRANCE	Agriculture	LVMH acquired 100% of the Domaine des Lambrays from the Freund family in a highly competitive and strategic transaction. The deal was structured via a definitive asset and corporate equity purchase agreement that concluded a highly confidential bidding war among elite global wealth brackets and rival luxury syndicates

REFERENCES

Valuation range: EV 100M - 350M SEK

Revenue range: 100M - 200M SEK

EBITDA range: 10M - 30M SEK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SPLENDOR PLANT by SEAFIRE are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: splendor plant

Acquirer: seafire