At what enterprise value was TASTES ON THE FLY acquired in 2023?

You can find the full valuation details of TASTES ON THE FLY on mynth capital. 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 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TASTES ON THE FLY when it was acquired by PARADIES?

The exact EV/EBITDA multiple for TASTES ON THE FLY is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was TASTES ON THE FLY acquired by PARADIES?

TASTES ON THE FLY was acquired by PARADIES in 2023.

What was the revenue of TASTES ON THE FLY at the time of the deal?

The revenue of TASTES ON THE FLY at the time of the deal is estimated to be in the range of 100M - 200M USD. Register for free to access the full transaction report and exact valuation multiples.

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 TASTES ON THE FLY 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 TASTES ON THE FLY 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.lagardere-tr.com/fr/paradies-lagardere-acquiert-tastes-on-the-fly-operateur-reconnu-de-la-restauration-dans-les/

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Home Database Retail & ConsumerTASTES ON THE FLY

09/2023

TASTES ON THE FLY acquired by PARADIES

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains REV 100M - 200M USD

Context

Paradies Lagardère, the North American division of Lagardère Travel Retail, executed the acquisition of Tastes on the Fly to significantly bolster its Foodservice operations across the continent. This strategic move is a cornerstone of the acquirer's ambition to become one of the largest and most respected airport restaurant operators in North America. The transaction provides Paradies Lagardère with an award-winning portfolio of restaurant concepts that are highly complementary to its existing operations. The rationale for the acquisition was heavily influenced by Tastes on the Fly's strong reputation for delivering high-quality, locally-inspired dining experiences, which aligns with Paradies Lagardère’s commitment to enhancing the airport passenger journey. For the seller, private equity firm H.I.G. Capital, the sale marked a successful exit following an investment period that began in 2017. During its ownership, H.I.G. supported the company through significant strategic growth and helped it navigate the severe downturn in the air travel industry. The deal structure ensures management continuity, with the target's experienced executive team remaining in place to facilitate a seamless integration and continue driving growth under new ownership.

TASTES ON THE FLY, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

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

Founded in 1999, Tastes on the Fly is a specialized operator of food and beverage concessions within major airports across North America. The company has established a significant presence in key travel hubs, including San Francisco International Airport, Boston Logan International Airport, Denver International Airport, New York JFK International Airport, and Vancouver International Airport. Tastes on the Fly distinguishes itself by creating authentic dining experiences that reflect the local culinary scene of each city it serves. Its business model is built on a diversified portfolio that includes both proprietary brands and licensed concepts from well-regarded local restaurateurs and chefs. Proprietary brands developed by the company include Napa Farms Market, Berkshire Farms Market, and Klein’s Deli. It also partners with established local names to operate licensed locations such as Modern Market, Bobby Van's Steakhouse, Lark Creek Grill, and the SF Giants Clubhouse. By offering a curated selection of dining options, ranging from quick-service markets to full-service restaurants, the company caters to a wide spectrum of travelers while delivering a high-quality, locally-focused alternative to generic airport food offerings.

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Similar deals in Retail & Consumer

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
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10/2023	CALVETON / BREAL CAPITAL	THE EVOLV COLLECTION	UNITED KINGDOM	Hospitality & Leisure	D&D London has been acquired by a consortium consisting of Calveton and Breal Capital. The deal follows a period of financial instability for the group and includes a critical £40 million balance sheet recapitalization to facilitate future growth and investment in new sites
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07/2023	TORIDOLL HOLDINGS CORPORATION / CAPDESIA GROUP	THE FULHAM SHORE	UNITED KINGDOM	Hospitality & Leisure	Toridoll Holdings Corporation, in partnership with the restaurant-specialist private equity firm Capdesia, has completed the acquisition of The Fulham Shore (Franco Manca and The Real Greek restaurant brands)
06/2023	AZZURRI GROUP	BOOJUM	Ireland	Hospitality & Leisure	Azzurri Group acquired a controlling interest in the Irish-based Mexican restaurant chain Boojum from its previous majority owner, private equity firm Renatus Capital Partners. This strategic transaction marks Azzurri's entry into a new cuisine category, diversifying its portfolio beyond its established Italian brands like Zizzi and ASK Italian
05/2023	PAI PARTNERS	LOOPING GROUP	FRANCE	Hospitality & Leisure	PAI Partners has signed a definitive agreement to acquire a 75% majority stake in Looping Group from Mubadala Capital and Bpifrance. This transaction marks the fourth leveraged buyout for the group. The founding management team will retain a 25% minority interest and continue to lead the group’s ambitious growth strategy
02/2023	ADAMANTEM CAPITAL	RETAIL ZOO	AUSTRALIA	Hospitality & Leisure	Adamantem Capital acquired a 70% majority stake in Retail Zoo from Bain Capital. The transaction is structured as a mid‑market buyout through Adamantem’s second mid‑market fund, with the remaining 30% ownership retained by the existing management and founder‑shareholders, including Retail Zoo CEO Nishad Alani and founder and chair Janine Allis
01/2023	MCWIN CAPITAL PARTNERS	L’OSTERIA	GERMANY	Hospitality & Leisure	The McWin Restaurant Fund agrees to acquire a majority stake in L’Osteria. The transaction is structured as a control‑buyout in which founders Klaus Rader and Friedemann Findeis remain significant minority shareholders, alongside CEO Mirko Silz and the existing management team, ensuring continuity of leadership and brand identity
01/2023	FLIGHT CENTRE TRAVEL GROUP	SCOTT DUNN	UNITED KINGDOM	Hospitality & Leisure	Flight Centre Travel Group has agreed to acquire Scott Dunn from private equity firm Inflexion. The acquisition provides Flight Centre with a scalable entry point into the UK and US luxury travel markets

REFERENCES

Revenue range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TASTES ON THE FLY by PARADIES 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: tastes on the fly

Acquirer: paradies