Tip Top Ice Cream Company Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Tip Top Ice Cream Company Limited - overview
Established
1936
Location
Auckland, -, New Zealand
Primary Industry
Food
About
Tip Top Ice Cream Company Limited, based in New Zealand, specializes in producing a wide variety of premium ice cream products known for their quality and taste, catering to families and ice cream enthusiasts alike. Tip Top Ice Cream Company Limited, founded in 1936, operates out of Auckland, New Zealand. The company is known for its production of high-quality ice cream and was acquired by Froneri International Limited in May 2019 from Fonterra Ltd. for NZD 380 million.
The acquisition has positioned Froneri to leverage Tip Top's brand and expertise for future growth. Tip Top is a prominent ice cream brand in New Zealand, celebrated for over 80 years of producing high-quality frozen desserts. The company's offerings include 2-litre tubs, popsicles, and novelty items like the Trumpet and Memphis Meltdown, all made with fresh New Zealand cream and naturally sourced ingredients. The brand reaches consumers through retail channels and food service providers, appealing to families and ice cream lovers looking for indulgent treats.
In the most recent year, Tip Top generated revenue of NZD 101. 83 mn and reported an EBITDA of NZD 11. 77 mn, primarily through direct sales and partnerships with retailers and wholesalers, which supply their products to grocery stores and food service establishments. Tip Top is focused on expanding its product line and geographic reach.
The recent acquisition by Froneri International Limited is set to enhance its market presence and distribution capabilities. While specific new product launches have not been detailed, Froneri's acquisition strategy aims to capitalize on Tip Top's established brand reputation and explore new markets for growth. The funding from the acquisition will be utilized to support these strategic expansions and product developments.
Current Investors
Froneri International Limited
Primary Industry
Food
Sub Industries
Dairy Products, Snack Foods
Website
www.tiptop.co.nz
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Tip Top Ice Cream Company Limited - financials
| Fiscal Year Ended | May 31, 2001 | May 31, 2002 | May 31, 2003 | May 31, 2004 | May 31, 2005 | May 31, 2006 | May 31, 2007 | May 31, 2008 | May 31, 2009 | May 31, 2010 | May 31, 2011 | May 31, 2012 | May 31, 2013 | May 31, 2014 | May 31, 2015 | May 31, 2016 | May 31, 2017 | May 31, 2018 | Jul 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 131,819,000 | 129,255,000 | 135,163,000 | 140,174,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | (1.9%) | 4.6% | 3.7% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | 21,427,000 | 28,005,000 | 31,826,000 | 34,168,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income (USD) | 14,869,000 | 21,086,000 | 24,090,000 | 26,486,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | 11.3% | 16.3% | 17.8% | 18.9% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| % EBITDA Margin | 16.3% | 21.7% | 23.5% | 24.4% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| NET Income (USD) | 8,012,000 | 14,289,000 | 16,253,000 | 17,755,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| % Net Margin | 6.1% | 11.1% | 12.0% | 12.7% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Tip Top Ice Cream Company Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Tip Top Ice Cream Company Limited | - |
Displaying 1 - 1 of 1
Tip Top Ice Cream Company Limited - employee data


Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.