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01/2022

ACCELL GROUP acquired by KKR

NETHERLANDS Consumer Products / Sport / Cycling & Micromobility EV 1b - 4b EUR

Context

KKR launched a recommended cash offer to acquire all outstanding shares of Accell Group for EUR58.00 per share. The offer represents a premium of 26% over the closing price and 42% over the 3-month average. The deal is supported by Accell's Board and its two largest shareholders, Teslin (10.8%) and Hoogh Blarick (7.5%). The objective is to take the company private to accelerate the execution of its strategy (supply chain optimization, green mobility) away from public market volatility.

ACCELL GROUP, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Accell Group is the European market leader in e-bikes and a major player in bicycle parts and accessories. The group owns a strong portfolio of premium brands including Haibike, Winora, Ghost, Batavus, Sparta, Babboe, and the iconic French brand Lapierre. Based in the Netherlands, Accell employs approximately 3,100 people across 15 countries. It is particularly dominant in the high-growth mid-to-high-end e-bike segment.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2021
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2020
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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 100M - 200M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: kkr