Water and coffee services provider Eden Springs has signed an agreement for the sale of its business to investment funds affiliated with Rhône Capital LLC. The acquisition is being made based on an enterprise value for Eden of circa €240m. Jamieson Corporate Finance has provided advice to the management team led by CEO Raanan Zilberman, in relation to their investment and participation in the acquisition vehicle.
Following the completion of the proposed transaction, the company’s existing management team, with support from Rhône Capital and its affiliates (Rhône), will continue to develop and grow the company through investing in organic growth, developing new products and pursuing consolidation of complementary businesses.
Eden is the largest company in its field in Europe. The company provides water and coffee services to more than half a million offices across the 15 countries in which it has presence, and operates a network of circa 27 springs, 150 branches and 1,000 service vehicles. Eden has a turnover of circa €260m and earnings before interest, taxes depreciation and amortisation (operating EBITDA) of circa €50m.