Market notes on Spanish food M&A

Multiples, margins, timelines and buyer origin from the transactions we close and follow. One figure per note, with source and date. Updated monthly.

Average multiple 2025Wine 6.8× EV/EBITDA in appellation winery transactions between €3M and €30M closed in the last year. investin.barcelona observatory · March 2026

Foreign buyers 31% Share of binding offers received from outside Spain in 2025, led by France, the US and Germany. investin.barcelona observatory · December 2025

Owners without a successor 58% Food-industry owners over 60 with no identified successor in the family. investin.barcelona observatory · February 2026

Average time to close 8 months From signed mandate to notarial closing in succession-driven sales. investin.barcelona observatory · 2025

Contract premiumSparkling wine +1.0× Additional multiple paid for a five-year retail contract. investin.barcelona observatory · January 2026

EBITDA marginCured meats 16–24% Range observed in curing facilities with a national distribution contract. investin.barcelona observatory · March 2026

Owner-dependence discount −15% Average price adjustment when the owner holds the client relationships. investin.barcelona observatory · 2025

Real estate in priceOlive oil 38% Average weight of land and buildings in the price of a mill with its own facilities. investin.barcelona observatory · November 2025