mynth
← DATABASE
05/2025Majority

Viva Wine Group takes majority stake in Delta Wines

NETHERLANDS Food Processing / Beverages / Wines & Spirits EV €50–150M

Context

Delta Wines has been acquired by Viva Wine Group, creating a combined entity that operates across eight European countries and serves sixteen markets. The agreement was signed in early 2025 and anticipates closing in May 2025, after regulatory approvals and financing arrangements are completed. Both parties have aligned their corporate structures to facilitate a seamless integration of Delta Wines into Viva Wine Group's existing B2B segment. The acquisition supports Viva Wine Group's objective to broaden its geographic reach beyond the Nordics and to deepen its product offering in continental Europe. By adding Delta Wines' established distribution network, procurement expertise, and customer relationships, the buyer expects to enhance its market coverage, achieve cost efficiencies in sourcing, and accelerate cross‑selling opportunities. The strategic fit is reinforced by similar business models, complementary market channels, and shared focus on entrepreneurial management. Post‑closing, the combined organization will consolidate Delta Wines into the B2B division, while retaining the B2C e‑commerce platform as a distinct unit. Integration plans include harmonizing IT systems, aligning sales teams, and leveraging joint procurement to improve margin performance. The expected outcome is a more diversified revenue base, stronger competitive positioning in the European wine sector, and the ability to deliver incremental value through operational synergies and expanded market access.

Delta Wines, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

-> Deep-dive in AgriFood market trends

Target

Delta Wines was founded in 1985 and has developed into a B2B wine supplier operating across six European countries. The firm sources a broad portfolio of still and sparkling wines from producers in traditional and emerging regions, then distributes them to retailers, hospitality groups, and foodservice operators. Its procurement strategy emphasizes long‑term contracts and volume aggregation to secure competitive pricing, while its product offering combines well‑known international labels with niche boutique selections. Customer relationships are managed through dedicated sales teams that provide tailored portfolio advice, inventory management, and logistics coordination. The company maintains regional warehouses and leverages a centralized IT platform to optimize order processing, demand forecasting, and delivery scheduling. Delta Wines generates revenue by applying a margin on purchased wine volumes and by offering value‑added services such as private‑label development and market insight reports. The firm’s market presence is anchored by a dominant position in the Dutch market, complemented by growing shares in Poland, the Czech Republic, Belgium, Finland, and Norway. Its business model relies on scale, procurement expertise, and a diversified channel mix that includes on‑premise, off‑premise, and specialist accounts, enabling resilient earnings across varying consumption trends.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€100–200M
€5–25M
[members only]
2023
€100–200M
€5–25M
[members only]

Similar deals in Food Processing

Similar deals in Food Processing
DateAcquirerTargetCountrySector
07/2025FERRARA CANDY COMPANYGROUPE CPK (CARAMBAR POULAIN KREMA)FRANCEFood Products
07/2025REFRESCOTELEMARK KILDEVANNNORWAYSoft Drinks
05/2025VALEO FOODS GROUPFREDDI DOLCIARIAITALYFood Products
05/2025IDAK FOOD GROUPSORRENTO SAPORI E TRADIZIONIITALYFood Products
05/2025GREENCORE GROUPBAKKAVOR GROUPUNITED KINGDOMFood Products
04/2025LITERACY CAPITAL / RED SKY FOOD GROUPLANGFORD'SUNITED KINGDOMMeat & Cured Meat
04/2025HERSHEY COMPANYLESSEREVILUNITED STATESFood Products
04/2025WHAT S COOKING?SVELTICFRANCEFood Products
03/2025BRIDORLAURENT BAKERY GROUPAUSTRALIABakery / Pastry
02/2025FLOWERS FOODSSIMPLE MILLSUNITED STATESBakery / Pastry

REFERENCES

Valuation range: EV €50–150M

Revenue range: €100–200M

EBITDA range: €5–25M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Delta Wines by Viva Wine Group 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.

Target: delta wines

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Delta Wines, a Dutch company specialised in Beverages, by Viva Wine Group in 2025.

How was the acquisition of Delta Wines by Viva Wine Group valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €50–150M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Delta Wines’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Delta Wines generated annual revenue estimated in the €100–200M range and EBITDA in the €5–25M bracket (FY 2024). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.