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M&A

ADLER

Acquired by

RÖTHER GROUP

GERMANY Retail REV [100m EUR - 500m EUR] 08/2024

Target

ADLER

Acquirer

RÖTHER GROUP

Context

RÖTHER has finalized the acquisition of Alder from the Zeitfracht Group, a maneuver designed to fundamentally reinforce its "multi-format" retail strategy across Central Europe. The strategic rationale for this transaction centers on a "network-expansion" play, merging the target's industry-leading technical operational depth in community-based fashion with the group’s established large-scale "Fashion Park" infrastructure. This structural alignment provides the organization with the scientific talent and hardware (specifically the 130 established branch locations) required to address the increasing demand for localized, high-service retail. This operation allows the group to execute a definitive structural expansion of its customer base, specifically targeting the mature segment where the target maintains dominant brand recognition.

This transaction is part of the Retail & Consumer industry, which currently tracks an average EBITDA multiple of 10.9x since the beginning of 2026, 11.3% decrease compared to 2025. 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

Adler Modemärkte GmbH is a Germany company specialized in Apparel Retail. The company has carved out a distinct space in the European retail landscape by focusing on a loyal, mature demographic that values high-quality staples and reliable fit. Instead of chasing fleeting fast-fashion trends, they thrive on a philosophy of "community-based" retail, operating roughly 130 branches across Germany, Austria, Switzerland, and Luxembourg. What makes them a go-to partner for families and older consumers is their knack for combining accessible pricing with a comprehensive in-store service experience. Their roadmap is currently fueled by a successful post-insolvency transformation that shifted the focus back to core operational profitability and gross margin stability.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
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2022
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Other operations with ADLER

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.