mynth
02/2020

ACRELEC acquired by GLORY GLOBAL SOLUTIONS

FRANCE Hardware & Electronics / IT Equipment EV 300M - 700M EUR

Context

Glory acquired 80% of Acrelec's capital for an investment of approximately EUR200 million (on a cash-free, debt-free basis). The deal provides a full exit for the financial investors (Credit Agricole's entities: Idia, Socadif, Brie Picardie Expansion) who had entered in 2016 to fund the acquisition of US-based Hyperactive Technologies. The founders sold a large portion of their shares but reinvested to retain a 20% minority stake and continue leading the company.

ACRELEC, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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

Founded in 2004 by former McDonald's employees, Acrelec has become the global reference for the digitalization of points of sale, specifically in the Quick Service Restaurant (QSR) and retail sectors. The company designs, manufactures, and develops software for self-ordering kiosks, "Click & Collect" counters, and drive-thru optimization systems. Acrelec is best known for being the primary supplier of the iconic ordering touchscreens found in McDonald's, Burger King, and KFC worldwide.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue 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 ACRELEC by GLORY GLOBAL SOLUTIONS 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: glory global solutions