Hotel Chocolat Group plc acquired by Mars, Incorporated
Mars, Incorporated acquired Hotel Chocolat Group plc, a UK food brand, on Jan 25, 2024.
Preliminary: The transaction value and EV/EBITDA are not yet independently verified.
Transaction summary
- Target
- Hotel Chocolat Group plc
- Acquirer
- Mars, Incorporated
- Announced
- 2023-11-16
- Geography
- United Kingdom
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
GBP 570M
Unverified
100% enterprise value | GBP
Basis: Derived from source data
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $701M USD using FX date 2023-11-14 at 1.2294 GBP/USD.
EV / revenue
2.79x
Period: 2023
Basis: Estimated
EV / EBITDA
23.6x
Unverified
EBITDA: normalised / adjusted
Basis: Estimated
Basis
- Value derived from the buyer's disclosures: £570m enterprise value. Multiples use revenue of £204.5m (2023) and EBITDA of £24.1m.
Source summary
Mars acquires Hotel Chocolat in £534m deal
EstimatedThe deal represented a cash offer price at 375 pence per share and implied an enterprise value of £570m
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