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Investment & M&A transaction comps

Food & Beverage Investment & M&A Transaction Comps

Explore investment and M&A transactions tagged food & beverage. Compare companies, buyers, dates and available valuation multiples, with reported, estimated or rumored figures clearly labelled in each comp.

Coverage includes published FundComb transactions carrying this tag. Each comp preserves its own source notes and valuation basis.

Explore 34 transactions ↓ Browse all comp sectors →
Reviewed transactions
34
With value data
31
With revenue multiples
22
Transaction years
2014–2025

Sortable transaction comps

Food & Beverage transaction table

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Rows with reported value

22 / 25

Acquisition EV, USD

USD 46B

Investment EV, USD

USD 7.9B

Median EV / revenue

3.9x

Columns

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25 shown of 34 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.

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WK Kellogg Co
Control (2%)
 2025-07-10 Ferrero 3,100 1.1x -
Food & BeverageConsumer
+1
Packaged Food
LesserEvil
Control
 2025-04-03 The Hershey Company 815 4.9x -
Food & BeverageBetter For You Snacks
+2
ConsumerSnacks
poppi
Control (100%)
 2025-03-17 PepsiCo 1,950 - -
Food & BeverageConsumer
+1
Functional Beverages
Alani Nu
Control
 2025-02-20 Celsius Holdings 1,650 2.8x 12.0x
Food & BeverageConsumer
+1
Functional Beverages
Liquid Death
Capital Raise
 2024-03-11 Live Nation and other investors 1,400 4.2x -
Food & BeverageBeverages
+1
Consumer
2023-12-15 Chobani 900 - -
Food & BeverageCoffee
+3
Coffee And Ready To Drink BeveragesConsumerRestaurants
Hostess Brands, Inc.
Control (100%)
 2023-09-11 The J. M. Smucker Company 5,600 3.9x 17.2x
Food & BeverageConsumer
+2
SnacksSweet Baked Goods And Snacks
Subway
Control
 2023-08-24 Roark Capital Group affiliates 8,950 - 12.0x
Food & BeverageConsumer
+2
Quick Service Restaurant FranchisorRestaurants
Sovos Brands, Inc.
Control (100%)
 2023-08-07 Campbell Soup Company 2,700 3.2x 19.8x
Food & BeverageConsumer
+1
Packaged Food
2023-07-31 Monster Beverage Corporation 362 - -
Food & BeverageBankruptcy
+2
ConsumerEnergy Drinks
Celsius Holdings, Inc.
Minority (9%)
 2022-08-01 PepsiCo, Inc. 6,471 9.9x -
ConsumerFood & Beverage
+4
Convertible Preferred StockDistribution PartnershipEnergy DrinksFunctional Energy Drinks
Clif Bar & Company
Control (100%)
 2022-06-20 Mondelēz International 2,900 3.6x 24.2x
Food & BeverageConsumer
+1
Energy Bars And Nutrition
2021-12-06 Jack in the Box Inc. 575 1.1x 11.0x
Food & BeverageConsumer
+2
Mexican Quick Service RestaurantsRestaurants
2021-11-15 Restaurant Brands International Inc. 1,000 - 20.0x
Food & BeverageConsumer
+5
Consumer ServicesFranchisorQuick Service RestaurantsRestaurantsSandwich Franchisor
2021-11-10 The Hershey Company 1,200 4.4x -
Food & BeverageConsumer
+3
Pretzels And Salty SnacksSnack ManufacturingSnacks
2021-01-05 Mondelēz International Undisclosed - -
Food & BeverageChocolate
+3
Chocolate And CrackersConsumerSnacks
2020-11-17 Mars, Incorporated 5,000 - -
Food & BeverageConsumer
+1
Healthy Snacks
2018-11-29 The Kraft Heinz Company 200 4.0x -
Food & BeverageCondiments
+2
ConsumerSauces And Dressings
2018-09-12 The Hershey Company 420 4.8x -
Food & BeverageConsumer
+2
Packaged SnacksSnacks
Zoës Kitchen, Inc.
Control (100%)
 2018-08-17 CAVA Group, Inc. 300 1.0x 16.3x
Food & BeverageConsumer
+3
Fast CasualFast Casual Mediterranean Restaurant ChainRestaurants
Pret A Manger
Control
 2018-05-29 JAB Consumer Fund and JAB Holding Company Undisclosed - -
Food & BeverageConsumer
+2
Quick Service RestaurantsRestaurants
2018-05-06 Mondelēz International 500 - -
ConsumerFood & Beverage
+3
Consumer ServicesCookiesCookies And Baked Goods
2018-01-29 Keurig Green Mountain, Inc. Undisclosed - -
Food & BeverageBeverages
+4
CoffeeConsumerNon Alcoholic BeveragesSoft Drinks
Snyder's-Lance, Inc.
Control (100%)
 2017-12-18 Campbell Soup Company 6,100 2.8x 19.9x
Food & BeverageConsumer
+2
Pretzels And Savory SnacksSnacks
2017-12-18 The Hershey Company 1,600 4.3x 18.8x
Food & BeverageBetter For You
+4
ConsumerPopcornReady To Eat Popcorn And Better For You Snack FoodsSnacks

Explore related tags

Continue to the full transaction history for each tag.

Consumer 34restaurants 7Snacks 7beverages 3Coffee 3Quick service restaurants 3consumer services 2energy drinks 2functional beverages 2packaged food 2

Explore buyers & investors

The Hershey Company 4Mondelēz International 3Campbell Soup Company 2Hormel Foods Corporation 2Restaurant Brands International Inc. 2Acorn Holdings B.V. (JAB-led investor group) 1Amazon.com, Inc. 1CAVA Group, Inc. 1

Source coverage varies by transaction. Announced deals, minority investments and capital raises retain their own labels; an investment amount is separate from enterprise value. Read the methodology.

Values may be estimated, rumored, incomplete or derived from public information. Transaction comps are informational and should not be relied on as financial, investment or valuation advice.