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 10.7x, 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 10.7x. 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.

By taking control of The Made Group, Danone continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Huel in 2026.

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 (10.7x).

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

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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Similar deals in AgriFood

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
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04/2026	AMBIENTA	THE BRIDGE BIO	ITALY	Food Processing	Ambienta SGR, through its Small Cap fund, has acquired a majority stake in The Bridge from the founding Negro Marcigaglia family. The founders have committed to reinvesting alongside the private equity firm and will continue to play a key leadership role in the company's development
04/2026	ORANGE CAPITAL DEVELOPMENT	EFFEPI	ITALY	Food Processing	Orange Capital Development has finalized the acquisition of an 80% majority stake in Effepi, marking a significant step in the construction of its specialized "Italian Frozen Food Excellence" platform
04/2026	ONE ROCK CAPITAL PARTNERS	EAT HAPPY GROUP	GERMANY	Food Processing	The transaction is structured as a significant strategic investment by One Rock Capital Partners into Eat Happy Group to simultaneously fund the acquisition of Hana Group's European operations. This corporate combination merges two highly complementary convenience food providers to establish an integrated pan-European fresh food platform
03/2026	ALPHAPET VENTURES	CPRO FOOD	BELGIUM	Food Processing	AlphaPet Ventures has completed the acquisition of 100% of Cpro Food, marking its fifth strategic acquisition since 2020. This transaction serves as AlphaPet’s primary entry point into the Belgian market, a high-value territory for premium pet nutrition
03/2026	LSDH (LAITERIE DE SAINT-DENIS-DE-L'HÔTEL)	BISCUITERIE DE CHAMBORD	FRANCE	Food Processing	LSDH has acquired 100% of Biscuiterie de Chambord following the retirement of the target company’s longtime director. The strategic rationale for the transaction is the continued diversification of LSDH’s portfolio into the artisanal and premium biscuit segment, a move that aligns with the group's long-term strategy of regional expansion

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