When was HANA GROUP acquired by TA ASSOCIATES?

HANA GROUP was acquired by TA ASSOCIATES in 2015.

What was the revenue of HANA GROUP at the time of the deal?

The revenue of HANA GROUP at the time of the deal is estimated to be in the range of 100M - 200M EUR.

How is the data for the HANA GROUP 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 HANA GROUP 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.ta.com/portfolio/investments/hana-group/

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodHANA GROUP

06/2015

TA ASSOCIATES takes majority stake in HANA GROUP

FRANCE Food Processing / Food Products REV 100M - 200M EUR

Context

TA Associates has executed a definitive agreement to acquire a 70% majority stake in Hana Group, marking a strategic transition from an entrepreneurial governance model toward an institutionalized corporate structure optimized for global market consolidation. The transaction is structured alongside a significant equity reinvestment from the Japanese culinary brand's historical founders, alignment that secures management continuity and leadership stability throughout the upcoming geographical expansion phase. By backing the existing management team, TA Associates intends to validate and accelerate the scalability of Hana Group's decentralized operating model. The post-closing strategic roadmap focuses on densifying the group's existing territorial footprint across European markets while systematically accelerating the monthly cadence of new corner openings within mass-market retail chains.

HANA GROUP, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the AgriFood sector (11.0x).

-> Deep-dive in AgriFood market trends

Target

Hana Group, headquartered in France, operates as a designer of live-cooking food kiosks integrated within hypermarkets and transit hubs for retail grocery shoppers. The company utilizes four thousand staff members to prepare fresh sushi in front of consumers, which drives impulse purchasing at the point of sale. The retail network spans fourteen distinct brands, including Sushi Gourmet, across nine hundred international locations to maximize geographic diversification. Operations depend entirely on capturing existing foot traffic from host supermarket chains, reducing standalone marketing expenses significantly. The revenue model utilizes sales-linked commissions paid directly to large retailers, aligning property costs with store traffic fluctuations.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2015

2014

Other operations with HANA GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2019	PERMIRA	HANA GROUP	FRANCE	Food Products
06/2016	HANA GROUP	PEACE DINING CORP	UNITED STATES	Food Products

REFERENCES

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HANA GROUP by TA ASSOCIATES 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

Target: hana group

Acquirer: ta associates