mynth
12/2018

BELMOND acquired by LVMH

UNITED STATES Hospitality & Leisure / Hospitality / Hotels & Accommodation EV 3b - 100b USD

Context

The acquisition of Belmond Ltd. by LVMH Louis Vuitton Moët Hennessy represents a strategic move by the luxury conglomerate to expand its presence in the hospitality industry. The deal brings together two leaders in the luxury sector, with Belmond's unique collection of hotels, trains, and river cruises complementing LVMH's existing portfolio of luxury brands. The acquisition is expected to enhance LVMH's ability to deliver exceptional experiences to its customers, while also providing Belmond with the resources and support to continue its growth and development. The transaction is seen as a positive move for both companies, with Belmond's CEO stating that the acquisition will enable the company to 'reach new levels' in delivering timeless, one-of-a-kind luxury experiences. The deal is also expected to have a positive impact on the luxury hospitality industry as a whole, with the combined entity well-positioned to drive innovation and growth in the sector. With its strong brand heritage and commitment to excellence, LVMH is expected to leverage Belmond's unique assets and expertise to further expand its presence in the global luxury market.

The acquisition of Belmond is part of the growth strategy of Lvmh, which already has several external growth operations under its belt, notably Colgin Cellars in 2017.

BELMOND, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Belmond Ltd. is a renowned luxury hospitality company that owns and operates a unique collection of hotels, trains, and river cruises in some of the world's most inspiring and enriching destinations. With a history spanning over 40 years, Belmond has established itself as a leader in the luxury travel industry, offering exceptional experiences to discerning travelers. The company's portfolio includes 46 iconic properties, such as the Hotel Cipriani in Venice, the Copacabana Palace in Rio de Janeiro, and the Grand Hotel Europe in St. Petersburg. Belmond also operates seven trains, including the legendary Venice Simplon-Orient-Express, and two river cruises, providing guests with unforgettable journeys. The company's commitment to delivering timeless, one-of-a-kind luxury experiences has earned it a loyal following among travelers seeking unique and memorable experiences. With its strong brand heritage and exceptional service, Belmond has become synonymous with luxury travel and hospitality.

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Historical Financials (USD)

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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 450M - 900M USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BELMOND by LVMH are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: belmond

Acquirer: lvmh