ACCELL GROUP acquired by KKR
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 [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a level close to the average currently observed in the Retail & Consumer sector (11.9x).
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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
€1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
10x–18x
EV / EBIT
10x–18x
Historical Financials (EUR)
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REFERENCES
Valuation range: EV €1–10bn
Revenue range: €1–10bn
EBITDA range: €100–200M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 10x - 18x
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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: kkr