Azulis Capital takes majority stake in Holweg Weber
Context
Holweg‑Weber has been acquired by Azulis Capital, acting together with BNP Paribas Développement, Unigrains and the company’s founders, from Sollya, the entity controlled by Perfectis. The transaction transfers ownership of the French and American machine‑building operations to a new holding, Bag Invest, which will serve as the vehicle for the combined business. Financing comprises senior loans provided by Banque CIC Est, Banque Palatine, Crédit Lyonnais and Société Générale, complemented by a mezzanine tranche sourced from CIC Mezzanine and Céréa Mezzanine II. The acquisition aligns with Azulis Capital’s strategy to consolidate specialized equipment manufacturers that serve the packaging sector, providing a platform for cross‑border integration of engineering resources and supply chains. By uniting the design expertise of the French unit with the production capacity of the U.S. facility, the buyer seeks to broaden product breadth, accelerate technology transfer and enhance service coverage for existing customers. The involvement of development finance partners reflects a focus on supporting growth initiatives, including capacity expansion and entry into new geographic markets. Post‑closing, the combined entity is expected to standardise component procurement, realise cost efficiencies in manufacturing and leverage a unified sales organization to increase market penetration in Europe and North America. The integrated R&D function will target reduced energy consumption and faster change‑over times, aiming to meet stricter sustainability standards demanded by packaging producers. Operational synergies are projected to improve EBITDA margins while preserving the existing service network for current clients.
Holweg Weber, which reported an EBITDA margin of [members only] in 2011, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.
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Target
Holweg Weber designs and manufactures machinery for the production of paper-based packaging. The product portfolio includes converting lines, die‑cutters, flexo printers and finishing equipment that enable converters to transform raw paper into cartons, trays and other secondary packaging formats. Customers comprise multinational packaging converters, regional paper mills and specialized contract manufacturers that require high‑speed, low‑waste solutions for food, beverage and consumer goods sectors. The company sells equipment on a project basis, providing engineering, installation and after‑sales service under long‑term maintenance contracts that generate recurring revenue streams. Founded in the United States, the firm expanded its production footprint to Germany and Spain during the 2010s, establishing localized engineering teams and service hubs to support European clients. Its engineering approach combines proprietary tooling designs with modular automation platforms that can be adapted to a range of paper grades and product dimensions. Holweg Weber sources core components from a network of Tier‑1 suppliers in Europe and North America, integrating them into customized lines that meet specific customer throughput and quality specifications. The business model emphasizes upfront equipment sales complemented by service agreements that extend the economic relationship beyond installation.
Ent. Value
€20–50M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Holweg Weber
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2022 | AMBIENTA | HOLWEG WEBER | UNITED STATES | Robotics & Automation |
| 05/2018 | MOTION EQUITY PARTNERS | HOLWEG WEBER | UNITED STATES | Robotics & Automation |
Other operations with Azulis Capital
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2026 | AZULIS CAPITAL | CEETADEL | FRANCE | Digital Marketing, SEO, SEA, Data Analytics |
| 04/2026 | AZULIS CAPITAL | MEWS PARTNERS | FRANCE | Strategy & Management |
| 05/2025 | AZULIS CAPITAL | ACENSI | FRANCE | Consulting & Integration |
| 01/2020 | AZULIS CAPITAL | TALIS EDUCATION GROUP | FRANCE | Education Providers |
| 07/2016 | AZULIS CAPITAL | LA BOUTIQUE OFFICIELLE.COM | FRANCE | E-commerce & Marketplaces |
| 09/2014 | AZULIS CAPITAL | ITAL EXPRESS | FRANCE | B2B Specialized Distribution |
| 05/2011 | AZULIS CAPITAL / BNP PARIBAS DEVELOPPEMENT / GALIA | LAGARRIGUE | FRANCE | Implants & Prosthetics |
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REFERENCES
Valuation range: EV €20–50M
Revenue range: €25–50M
EBITDA range: €5–25M
EV/Revenue range: below 1.5x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Holweg Weber by Azulis Capital 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.
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