At what enterprise value was ALLIANCE ETIQUETTES acquired in 2021?

During the acquisition of ALLIANCE ETIQUETTES by CHEQUERS in 2021, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

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

The estimated EV/EBITDA multiple for ALLIANCE ETIQUETTES is in the range of 10x - 18x.

When was ALLIANCE ETIQUETTES acquired by CHEQUERS?

ALLIANCE ETIQUETTES was acquired by CHEQUERS in 2021.

What was the revenue of ALLIANCE ETIQUETTES at the time of the deal?

The revenue of ALLIANCE ETIQUETTES at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of ALLIANCE ETIQUETTES during the acquisition?

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

How is the data for the ALLIANCE ETIQUETTES 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 ALLIANCE ETIQUETTES 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://capitalfinance.lesechos.fr/deals/lbo/activa-cede-alliance-etiquettes-a-chequers-pour-environ-200-m-1299049

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Home Database Industry & ManufacturingALLIANCE ETIQUETTES

03/2021

ALLIANCE ETIQUETTES acquired by CHEQUERS

FRANCE Chemicals & Materials / Packaging & Containers / Labels & Adhesives EV 100M - 350M EUR

Context

Chequers Capital has acquired a majority stake in Alliance Etiquettes from Activa Capital. This transaction marks a highly successful exit for Activa Capital, which had built the group from a small regional player (Imprimerie Laulan, EUR8m revenue in 2015) into a national leader through eight add-on acquisitions. The management team remains invested in the business, and Activa Capital is reinvesting as a minority shareholder to support the next phase of growth. The new ownership aims to double or triple the group's size by pursuing international acquisitions in key wine-producing countries (Italy, Spain, Portugal) and expanding further into the luxury and cosmetics label markets.

This platform was built through multiple acquisitions, including Groupe Etienne (2018) and 5 Sept Etiquette (2020), illustrating an active consolidation strategy.

ALLIANCE ETIQUETTES, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Headquartered in the Bordeaux region, Alliance Etiquettes is a leading French producer of premium adhesive labels, primarily serving the wine and spirits market (over 80% of sales). The group also has a strong presence in the luxury food and cosmetics sectors, notably through its specialized pewter label business (Applic Etains).

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Other operations with ALLIANCE ETIQUETTES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2024	ALLIANCE ETIQUETTES	GRUPPO SAMORANI	ITALY	Labels & Adhesives
03/2020	ALLIANCE ETIQUETTES	5 SEPT ETIQUETTE	FRANCE	Labels & Adhesives
02/2018	ALLIANCE ETIQUETTES	GROUPE ETIENNE	FRANCE	Labels & Adhesives
01/2016	ALLIANCE ETIQUETTES	IMPRIMERIE MAUMY	FRANCE	Labels & Adhesives
12/2015	ALLIANCE ETIQUETTES	NS ETIQUETTES	FRANCE	Labels & Adhesives

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M 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 ALLIANCE ETIQUETTES 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.

Target: alliance etiquettes

Acquirer: chequers