At what enterprise value was ALKERN acquired in 2016?

During the acquisition of ALKERN by CHEQUERS in 2016, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of ALKERN when it was acquired by CHEQUERS?

The estimated EV/EBITDA multiple for ALKERN is in the range of 5x - 12x.

When was ALKERN acquired by CHEQUERS?

ALKERN was acquired by CHEQUERS in 2016.

What was the revenue of ALKERN at the time of the deal?

The revenue of ALKERN at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of ALKERN during the acquisition?

ALKERN's EBITDA is estimated to be in the range of 10M - 30M EUR.

How is the data for the ALKERN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ALKERN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.chequerscapital.com/fr/projetsportefeuilles/alkern/

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.5x.

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Home Database Industry & ManufacturingALKERN

12/2016

ALKERN acquired by CHEQUERS

FRANCE Chemicals & Materials / Construction Materials EV 100M - 350M EUR

Context

Chequers Capital has acquired a majority stake in Alkern, taking over from Fondations Capital. Chequers secured the deal through a competitive auction process managed by Rothschild & Cie, reportedly outbidding the Irish industrial giant CRH. This secondary LBO is supported by a €75 million unitranche debt facility provided by Hayfin (two-thirds) and Tikehau IM (one-third). The strategic rationale for Chequers is to continue the aggressive "buy-and-build" trajectory established during Fondations Capital's six-year tenure, which saw 14 acquisitions including the major takeover of Duroux (€55M revenue). Chequers intends to use Alkern as a platform to acquire smaller regional competitors, allowing the group to better amortize fixed costs and ensure production sites remain within close proximity to local construction projects. Under this new ownership, Alkern aims to leverage its operational excellence to further dominate the sustainable and low-carbon building materials market in France and Belgium.

ALKERN, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.5x).

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Target

Alkern is a French-Belgian leader in the manufacturing of precast concrete products, specializing in low-carbon construction methods for the building industry. The group provides sustainable urban planning solutions, including surface water drainage systems and outdoor beautification products (landscaping, pools, and paving). Based in Northern France, the company operates approximately 50 production sites strategically located near its customers to minimize logistical costs, as concrete is a difficult material to transport over long distances. Since becoming independent from its English parent group (Anglo American) in 2010, Alkern has maintained top-tier operational excellence and committed heavily to CSR, earning the Ecovadis Gold medal. Its business model combines high industrial efficiency with a strong "buy-and-build" strategy focused on consolidating the fragmented European concrete market.

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Other operations with ALKERN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	HOLCIM GROUP	ALKERN	FRANCE	Construction Materials

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALKERN by CHEQUERS 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.

Press release: view release

Acquirer: chequers