Investment and M&A transaction comps
Food & Beverage Investment & M&A Transaction Comps
Food, beverage, snacks, alcohol, non-alcoholic drinks and related consumer packaged goods transactions.
149
Reviewed transactions
103
With price data
3.2x
Median EV or valuation / revenue
17.0x
Median EV or valuation / EBITDA
| Year | Transactions | Priced | Median EV or valuation / revenue | Median EV or valuation / EBITDA |
|---|---|---|---|---|
| 2026 | 33 | 8 | 3.7x | 9.9x |
| 2025 | 11 | 10 | 2.8x | 12.0x |
| 2024 | 12 | 11 | 2.5x | 15.0x |
| 2023 | 7 | 6 | 3.2x | 18.5x |
| 2022 | 8 | 6 | 3.1x | 23.1x |
| 2021 | 15 | 13 | 3.3x | 15.2x |
| 2020 | 9 | 7 | 4.3x | - |
| 2019 | 6 | 6 | 2.8x | 17.3x |
Sortable transaction comps
Food & Beverage transaction table
Rows with reported value
6 / 25
Acquisition EV, USD
USD 3.5B
Investment EV, USD
USD 250M
Median EV / revenue
3.4x
Select up to 12 rows across filters and pages, then share or export the set.
Selected comparison set
Saved in this browser only. Nothing is written to FundComb data.
Choose transactions from the table to build a quick comparison set.
25 shown of 149 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 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fine Choice Foods Control | 2026-10-26 | Power Sustainable Lios | Undisclosed | Undisclosed | - | - | Canada | Confirmed 2 sources | ||
| AuNutra Industries Control | 2026-10-19 | Vivify Specialty Ingredients | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| 2026-10-14 | West Madison Foods | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | |||
| Specnova Control | 2026-10-09 | HTBA | Undisclosed | Undisclosed | - | - | United States | Confirmed 2 sources | ||
| SpikedAde Control | 2026-10-06 | Constellation Brands | Undisclosed | Undisclosed | - | - | - | Estimated 2 sources | ||
| Clio Snacks Control | 2026-10-06 | Stride Consumer Partners | Undisclosed | Undisclosed | - | - | United States | Confirmed 3 sources | ||
| distrib-u-tec Control | 2026-09-16 | Solen Software Group | Undisclosed | Undisclosed | - | - | North America | Confirmed 2 sources | ||
| Sauer Brands’ Spice Portfolio Control | 2026-09-14 | The Watkins Company | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Encompass Technologies Control | 2026-09-14 | VIP | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Goodles Control | 2026-09-03 | Barilla Group | USD 750M Consideration | 750 | 4.0x | - | - | Confirmed 6 sources | ||
| Medici Brands Capital Raise | 2026-09-02 | Greenoaks; Valor Equity Partners; Peter Rahal; Iconiq; Imaginary Ventures | USD 250M Investment Amount | 250 | - | - | United States | Confirmed 2 sources | ||
| Girardi Distributors, LLC Control | 2026-09-02 | Martignetti Companies | Undisclosed | Undisclosed | - | - | Massachusetts, United States | Confirmed 2 sources | ||
| Bonchon Control | 2026-09-01 | Minor Food and Serruya Private Equity | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Nestlé Holistic Health Platform Control | 2026-09-01 | Yellow Wood Partners | USD 1.0B Consideration | 1,000 | - | - | - | Confirmed 2 sources | ||
| Ardella's Control | 2026-08-21 | Revolution Foods | Undisclosed Undisclosed | Undisclosed | - | - | United States | Confirmed 4 sources | ||
| Fave’Wich Control | 2026-08-18 | JSB Industries | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Fishway Control | 2026-08-17 | Ever After Foods | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Au Vodka Control | 2026-08-17 | Sazerac | GBP 500M Enterprise Value | 678 | - | - | United Kingdom | Confirmed 5 sources | ||
| Purely Elizabeth Control | 2026-08-14 | Ferrero Group | USD 850M Estimated Enterprise Value | 850 | 3.4x | - | United States | Confirmed 6 sources | ||
| Barcode Performance Drink Control | 2026-08-04 | Axum Capital | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| 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 | ||
| BIO-CAT Enzymes & Microbials Control | 2026-07-31 | Lallemand Inc. | Undisclosed | Undisclosed | - | - | United States | Confirmed 1 source | ||
| La Terra Fina Control | 2026-07-30 | Sargento Foods | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| Lyons Magnus Control | 2026-07-20 | Truelink Capital | Undisclosed | Undisclosed | - | - | Fresno, California, United States | Confirmed 1 source | ||
| Vaca Chips Capital Raise | 2026-07 | Bam Ventures | Undisclosed Investment Amount | Undisclosed | - | - | - | Confirmed 1 source |
FundComb transaction comps are informational only. Prices are shown as estimated enterprise value where available, with USD used as the default sorting currency; revenue and EBITDA multiples are shown where available. Values may be estimated, rumored, incomplete or derived from public information and should not be relied upon as financial, investment or valuation advice.