Rigana
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Rigana - overview
Established
1993
Location
Sofia, -, Bulgaria
Primary Industry
Food
About
Founded in 1993 and based in Sofia, Bulgaria, Rigana produces and supplies spices and flavoring additives for the food industry. The company develops its products in an in-house laboratory, and its product line includes around 50 products spread over 7 categories. Iveta Balieva, Yoanna Choreva, and Plamen Petrov are on the company's Board of Directors. In 2015, Blackpeak Capital invested EUR 1.
5 million in Rigana. The company’s client base includes small and large meat processing industries across Bulgaria. Rigana produces and supplies spices, and ready-made flavoring mixtures containing oleoresins (standardized mixtures of essential oils and spice extracts) for the meat industry. The company’s team of specialists experiment with new compositions and improve the spice and additive combinations according to the changing trends in the food market.
Rigana offers whole and ground spices, which contains essential oils; spice extracts, a soluble mixture for flavoring salamis, and sausages, and encapsulated extracts, a newly developed product that is soluble in sausages and can completely replace ground spices. Additionally, the company supplies flavoring mixtures that are used in the production of various sausages, semi-finished products, and marinating meat.
Current Investors
BlackPeak Capital
Primary Industry
Food
Sub Industries
Meat, Poultry & Seafood Products, Other Food Products
Website
http://www.rigana.net
Company Stage
Mature - Growth Capital
Total Amount Raised
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Rigana - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,177,000 | 3,390,000 | 3,875,000 | - | 6,634,000 | 4,273,000 | 11,333,000 | - | - | - |
| % Revenue Growth (YoY) | - | 55.7% | 14.3% | - | - | (35.6%) | 165.2% | - | - | - |
| EBITDA (USD) | 443,000 | 259,000 | 499,000 | - | 482,000 | 391,000 | 953,000 | - | - | - |
| Operating Income (USD) | 437,000 | 245,000 | 484,000 | - | 454,000 | 365,000 | 900,000 | - | - | - |
| Operating Margin | 20.1% | 7.2% | 12.5% | - | 6.8% | 8.5% | 7.9% | - | - | - |
| % EBITDA Margin | 20.3% | 7.6% | 12.9% | - | 7.3% | 9.2% | 8.4% | - | - | - |
| NET Income (USD) | 387,000 | 220,000 | 404,000 | - | 420,000 | 358,000 | 806,000 | - | - | - |
| % Net Margin | 17.8% | 6.5% | 10.4% | - | 6.3% | 8.4% | 7.1% | - | - | - |
Rigana - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Rigana | - |
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Rigana - employee data
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