ATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE) acquired by MANAGEMENT & PRIVATE INVESTORS
Context
The management team of Ateliers de France acquired the majority stake previously held by a consortium of investors (IDI, Raise Invest, Tikehau Capital, and Bpifrance's "Creative Industries" fund). The deal allows the financial sponsors to exit with a 2.1x cash-on-cash multiple.
ATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE), which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of .
Target
Ateliers de France is a federation of specialized artisanal companies dedicated to high-end decoration and the restoration of historical heritage. The group was built around the historic painting and gilding firm Meriguet-Carrère. It aggregates rare trades (stone cutting, ironwork, wood paneling, fine masonry) to serve prestigious clients: national palaces (Versailles, Elysee), luxury hotels (Ritz, Crillon), and private ultra-high-net-worth residences globally. Since the previous LBO in 2017, the group has tripled in size, completing nearly 20 acquisitions.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Construction
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2024 | SPIE BATIGNOLLES | GROUPE ETPO | FRANCE | Public Works |
| 01/2024 | BNP PARIBAS DEVELOPPEMENT / SOCIETE GENERALE CAPITAL PARTENAIRES / BTP CAPITAL / BPIFRANCE / CREDIT MUTUEL EQUITY | DEMATHIEU BARD | FRANCE | Construction |
| 12/2023 | NORD CAPITAL PARTENAIRES | GROUPE ROGER DELATTRE | FRANCE | Masonry & Civil Eng. |
| 06/2023 | ARGOS WITYU | TKH FRANCE | FRANCE | Electrical |
| 03/2023 | BNP PARIBAS DEVELOPPEMENT / BPIFRANCE / BTP CAPITAL / ESFIN PARTICIPATIONS | GCC | FRANCE | Construction |
| 11/2022 | VEIDEKKE | CONSTRUCTA ENTREPRENØR | NORWAY | Masonry & Civil Eng. |
| 11/2022 | HAL HOLDING | ROYAL BOSKALIS WESTMINSTER | NETHERLANDS | Public Works |
| 07/2022 | BYGGPARTNER GRUPPEN | ÅHLIN & EKEROTH BYGGNADS | SWEDEN | Masonry & Civil Eng. |
| 07/2022 | BYGGPARTNER GRUPPEN | FLODÉN BYGGNADS | SWEDEN | Masonry & Civil Eng. |
| 07/2022 | PER AARSLEFF | TRYM ANLEGG | NORWAY | Railways |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 450M - 900M EUR
EBITDA range: 25M - 50M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE) by MANAGEMENT & PRIVATE INVESTORS 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.