mynth
← DATABASE
12/2021

ALLIANCE MARINE acquired by LBO FRANCE

FRANCE Retail / Specialized Retail / Sport EV €100–350M

Context

LBO France acquired a majority stake in Alliance Marine from Weinberg Capital Partners (who had backed the company since 2016). The management team reinvested significantly in the new structure to ensure continuity. The deal was financed with a mix of equity and senior debt. The exit provided a strong return for Weinberg, who oversaw the group doubling in size during their tenure. The new shareholder's roadmap focuses on continuing the aggressive external growth strategy to create a global platform.

ALLIANCE MARINE, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).

-> Deep-dive in Retail & Consumer market trends

Target

Founded in 1999, Alliance Marine is the undisputed European leader in the distribution of equipment and spare parts for both the recreational boating (yachting) and professional marine sectors. The group operates as a federation of specialized companies (including well-known brands like Plastimo, VDM-Reya, Ocean Safety, and Typhoon). It serves a vast network of ship chandlers, boat builders (OEMs), and service yards. Alliance Marine has grown significantly through a "Buy-and-Build" strategy, integrating over 20 acquisitions across France, the UK, Germany, Italy, and Scandinavia.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
€150–250M
€10–30M
[members only]
2019
€150–250M
€10–30M
[members only]

Similar deals in Retail

Similar deals in Retail

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2022GENEOI-RUNFRANCESport
01/2022GROUPE IDIEKO SPORTFRANCESport
12/2021PORTOBELLO CAPITALCONDISSPAINGeneral Grocery
09/2021CICLADGROUP CERADELFRANCESpecialized Retail
09/2021PROPOLIS DEVELOPPEMENTBONABIOFRANCEFine Food / Organic
07/2021GARIBALDI PARTICIPATIONS / SOCIETE GENERALE CAPITAL PARTENAIRESMATERIEL VELOFRANCESport
07/2021EQUISTONEVERTBAUDETFRANCEFashion & Apparel
03/2021CORE EQUITY HOLDINGSPROVALLIANCEFRANCEBeauty & Cosmetics
10/2020INSPIRING GROUP CAPITALPIGUY GOLF CHALLENGEFRANCESport
01/2020123 IMSNOWLEADERFRANCESport

REFERENCES

Valuation range: EV €100–350M

Revenue range: €150–250M

EBITDA range: €10–30M

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 ALLIANCE MARINE by LBO FRANCE 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 marine

Acquirer: lbo france