At what enterprise value was THE MADE GROUP acquired in 2026?

During the acquisition of THE MADE GROUP by DANONE 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 1b - 4b EUR. 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 THE MADE GROUP when it was acquired by DANONE?

The estimated EV/EBITDA multiple for THE MADE GROUP is in the range of 15x - 25x. 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 THE MADE GROUP acquired by DANONE?

THE MADE GROUP was acquired by DANONE in 2026.

What was the revenue of THE MADE GROUP at the time of the deal?

The revenue of THE MADE GROUP at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of THE MADE GROUP during the acquisition?

THE MADE GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR. 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 THE MADE 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 THE MADE 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.danone.com/newsroom/press-releases/made-acquisition.html

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Home Database AgriFoodTHE MADE GROUP

06/2026

THE MADE GROUP acquired by DANONE

AUSTRALIA Food Processing / Food Products / Dairy EV 1b - 4b EUR

Context

Danone has signed a definitive agreement to acquire MADE Group, a leading Australian functional nutrition specialist, to bolster its presence in the high-growth health and wellness segments in the Asia-Pacific region. This transaction is part of Danone's Renew strategy, which combines organic development of its historic brands with targeted acquisitions in complementary categories. Through this acquisition, Danone is enhancing its portfolio with several brands that specialize in protein-based beverages, gut health products, and coconut-based foods. The deal also enables Danone to strengthen its fresh dairy and functional nutrition business in a region where demand for premium nutritional products continues to rise. The integration of MADE is expected to create industrial, commercial, and research & development synergies, leveraging Danone's global capabilities in innovation, manufacturing, and distribution. Specifically, the company plans to accelerate the regional development of MADE's brands and gradually expand their presence into other Asian markets. The completion of this transaction remains subject to customary regulatory approvals and is expected to occur in the second half of 2026. This acquisition demonstrates Danone's commitment to increasing its exposure to functional nutrition categories and consolidating its growth platform in the Asia-Pacific region.

It is worth noting that the fund Tpg took control of The Made Group through an LBO in 2021.

THE MADE GROUP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

-> Deep-dive in AgriFood market trends

Target

Headquartered in Melbourne, Australia, MADE Group is a leading food and beverage company specializing in functional nutrition products. The company develops, manufactures, and markets a portfolio of brands that cater to the growing demand for digestive health, protein, and functional beverages, combining nutritional benefits with everyday consumption. Its portfolio includes ready-to-drink protein beverages, gut health-focused enriched yogurts, and coconut-based products, all marketed under several well-known brands in the Australian market. These categories target health-conscious consumers, athletes, and individuals seeking high-protein products. The group operates an integrated business model that combines product development, industrial capabilities, marketing, and distribution, enabling it to launch new products quickly while controlling its supply chain and go-to-market strategy. MADE Group distributes its products through major retailers, specialty channels, and multiple sales platforms across the Asia-Pacific region. With a historical presence in Australia, the company has expanded its footprint to New Zealand and Southeast Asia, where the demand for functional nutrition products is experiencing sustained growth.

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Other operations with THE MADE GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2021	TPG	THE MADE GROUP	AUSTRALIA	Food Processing	TPG Capital has acquired a majority stake in Made Group from its historical shareholders, including The Coca-Cola Company, Coca-Cola Amatil, as well as the company's founders and management team. This transaction marks a new chapter in the growth story of this Australian specialist in premium health and wellness beverages, while allowing the management team to retain a significant equity stake. The primary objective of this acquisition is to accelerate Made Group's international expansion, particularly in Asian markets, by leveraging TPG Capital's financial resources and expertise in the consumer goods sector

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THE MADE GROUP by DANONE 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).

Press release: view release

Target: the made group

Acquirer: danone