Investment and M&A transaction comps
Consumer Investment & M&A Transaction Comps
Global consumer investments, capital raises and M&A transactions across CPG, food, beverage, beauty, personal care, wellness, pet and adjacent branded categories.
| Year | Transactions | Priced | Median EV or valuation / revenue | Median EV or valuation / EBITDA |
|---|---|---|---|---|
| 2026 | 8 | 6 | 4.0x | 9.9x |
| 2025 | 13 | 13 | 3.0x | 12.7x |
| 2024 | 9 | 9 | 4.2x | 16.0x |
| 2023 | 20 | 18 | 4.0x | 20.9x |
| 2022 | 20 | 10 | 4.9x | 20.0x |
| 2021 | 25 | 20 | 4.7x | 15.2x |
| 2020 | 15 | 8 | 4.1x | 14.7x |
| 2019 | 9 | 8 | 5.0x | 18.7x |
Sortable transaction comps
Consumer transaction table
Rows with reported value
23 / 25
Acquisition EV, USD
USD 81B
Investment EV, USD
USD 5.5B
Median EV / revenue
3.2x
Selected comparison set
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Choose transactions from the table to build a quick comparison set.
25 shown of 188 matching transactions. Click any transaction row for more detail.
Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Au Vodka Control | 2026-08-17 | Sazerac | GBP 500M Enterprise Value | 678 | - | - | United Kingdom | Confirmed 3 sources | ||
| Purely Elizabeth Control | 2026-08-14 | Ferrero Group | Undisclosed Estimated Enterprise Value | Undisclosed | - | - | United States | Confirmed 6 sources | ||
| Thorne Control | 2026-08-04 | Procter & Gamble | USD 3.8B Consideration | 3,800 | 5.8x | - | United States | Estimated 3 sources | ||
| The European Candy Group B.V. Control (100%) | 2026-07-31 | Orkla Snacks (Orkla ASA) | EUR 207M Enterprise Value | 235 | 1.9x | 9.9x | Netherlands (Drachten; facilities in Netherlands and Germany) | Confirmed 1 source | ||
| Saltair Control | 2026-07-30 | TSG Consumer | USD 458M Estimated Valuation | 458 | 4.6x | 15.3x | Los Angeles, California, USA | Confirmed 2 sources | ||
| Vitabiotics Control | 2026-07-24 | Bain Capital | Undisclosed Undisclosed | Undisclosed | - | - | United Kingdom | Confirmed 1 source | ||
| Sudsies, Inc. Control (29%) | 2026-07-20 | EVI Industries, Inc. | USD 34.6M Consideration | 35 | 1.6x | 6.1x | Miami, Florida, USA | Estimated 1 source | ||
| Grüns Control (80%) | 2026-04-09 | Unilever | USD 1.2B Enterprise Value | 1,200 | 4.0x | - | United States | Estimated 3 sources | ||
| Huel Control (100%) | 2026-03-23 | Danone | EUR 1.0B Enterprise Value | 1,160 | 3.5x | 34.8x | United Kingdom | Estimated 3 sources | ||
| IMO Car Wash Control | 2025-12-02 | Franchise Equity Partners | EUR 406M Enterprise Value | 472 | - | - | United Kingdom, Germany, nine other European countries, and Australia | Confirmed 3 sources | ||
| Kenvue Control (100%) | 2025-11-03 | Kimberly-Clark | USD 49B Enterprise Value | 48,700 | 3.2x | 14.3x | United States | Confirmed 4 sources | ||
| WK Kellogg Co Control (2%) | 2025-07-10 | Ferrero | USD 3.1B Enterprise Value | 3,100 | 1.1x | - | North America | Confirmed 2 sources | ||
| Space NK Control (100%) | 2025-07-10 | Ulta Beauty | USD 399M Purchase Consideration | 399 | 1.1x | 10.5x | United Kingdom and Ireland | Confirmed 6 sources | ||
| Dr. Squatch Control (99%) | 2025-06-23 | Unilever | USD 1.5B Enterprise Value | 1,500 | - | 16.7x | United States | Estimated 7 sources | ||
| rhode Control | 2025-05-28 | e.l.f. Beauty | USD 800M Closing Consideration | 800 | 3.8x | - | United States | Confirmed 3 sources | ||
| Touchland Control | 2025-05-12 | Church & Dwight | USD 700M Closing Consideration | 700 | 5.4x | 12.7x | United States | Confirmed 2 sources | ||
| Skechers Control | 2025-05-05 | 3G Capital | USD 9.4B Transaction Value | 9,420 | 1.0x | - | Global | Confirmed 4 sources | ||
| Versace Control (100%) | 2025-04-10 | Prada Group | USD 1.4B Enterprise Value | 1,375 | 1.3x | - | Italy | Confirmed 2 sources | ||
| LesserEvil Control | 2025-04-03 | The Hershey Company | USD 815M Total Consideration | 815 | 4.9x | - | United States | Confirmed 3 sources | ||
| poppi Control (100%) | 2025-03-17 | PepsiCo | USD 1.9B Enterprise Value | 1,950 | - | - | United States | Estimated 7 sources | ||
| Alani Nu Control | 2025-02-20 | Celsius Holdings | USD 1.6B Net Purchase Price | 1,650 | 2.8x | 12.0x | United States | Confirmed 3 sources | ||
| Minimalist Control (91%) | 2025-01-22 | Hindustan Unilever | INR 30B Pre Money Enterprise Value | 342 | 5.9x | - | India | Confirmed 3 sources | ||
| Vuori Minority | 2024-11-08 | General Atlantic and Stripes | USD 5.5B Enterprise Value | 5,500 | - | - | United States | Confirmed 6 sources | ||
| Supreme Control | 2024-07-17 | EssilorLuxottica S.A. | USD 1.5B Enterprise Value | 1,500 | - | - | United States | Confirmed 5 sources | ||
| Beautynova Control | 2024-03-18 | PAI Partners | EUR 330M Enterprise Value | 365 | 2.5x | 10.6x | Italy | Estimated 1 source |