mynth
← DATABASE
03/2019

247 TAILOR STEEL acquired by PARCOM CAPITAL MANAGEMENT

NETHERLANDS Chemicals & Materials / Material Transformation / Metallurgy / Foundry EV 100M - 350M EUR

Context

Parcom Capital acquired a 60% majority stake in 247TailorSteel from its founder, Carel van Sorgen. The transaction was designed to solve the founder's succession while providing the industrial group with the financial muscle to accelerate its European rollout.

247 TAILOR STEEL, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

247TailorSteel is the leading European "Manufacturing-as-a-Service" platform for custom-cut metal sheets, tubes, and bended parts. By combining a 100% digital front-end with a fully robotized production floor, 247TailorSteel guarantees ultra-fast delivery (as quick as 48 hours) and extreme precision for prototypes and mass production alike.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2019BLACKSTONEESSEL PROPACKINDIAPlastic Packaging
04/2019ALPHA PRIVATE EQUITYLAMINAMITALYConstruction Materials
02/2019STIRLING SQUARE CAPITALVERESCENCEFRANCEGlass Packaging
02/2019PLATINUM EQUITYMULTI-COLOR CORPORATION (MCC)UNITED STATESLabels & Adhesives
09/2018ARCADIACASTELLO ITALIAITALYPlastics
07/2018MESSER GROUP / CVCLINDE GASESUNITED STATESSpecialty Chemicals
05/2018APTARGROUPREBOULFRANCEMetal Packaging
05/2018LINDSAY GOLDBERGPACCOR (COVERIS GLOBAL RIGID)GERMANYPlastic Packaging
03/2018THE CARLYLE GROUP / GICNOURYONNETHERLANDSSpecialty Chemicals
03/2018MICHELINFENNERUNITED KINGDOMPlastics

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of 247 TAILOR STEEL by PARCOM CAPITAL MANAGEMENT are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: parcom capital management