BRITAX CHILDCARE
Acquired by
NORDIC CAPITAL
BRITAX CHILDCARE acquired by NORDIC CAPITAL
Target
BRITAX CHILDCARE
Acquirer
NORDIC CAPITAL
Context
The Carlyle Group sold 100% of Britax Childcare to Nordic Capital following approximately five years of ownership during which revenues approximately doubled and earnings more than doubled. Carlyle had acquired the business from Britax International in October 2005 and focused its value creation strategy on geographic expansion into emerging markets, product range diversification including the launch into wheeled goods and travel systems, enhancement of the company's online presence, and continuous investment in R&D and safety technology innovation.
BRITAX CHILDCARE, which reported an EBITDA margin of LOGIN in 2009, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).
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
Britax Childcare is a leading global manufacturer of premium branded children's car safety seats and wheeled goods, headquartered in the United Kingdom with operations across North America, Australia, and Germany. The company designs, tests, assembles, and markets a range of premium child car safety seats, travel systems, and wheeled goods under several well-recognised consumer brands: Britax® and Römer® in Europe, Safe'n'Sound®, Steelcraft®, Babylove® and others in Australia, and Britax® in the United States. Britax Childcare distributes its products through independent specialist retailers, multiple retail chains, and vehicle OEMs, benefiting from its deep expertise in vehicle occupant safety derived from its heritage in automotive components. The company is the leading manufacturer and supplier in the premium segment of child car safety seats globally, renowned for its uncompromising safety standards, innovative technologies — including the development and promotion of ISOFIX — and premium design aesthetics. Britax Childcare benefits from strong structural tailwinds driven by increasingly stringent child car seat regulations being adopted across emerging and developed markets, as well as growing parental awareness of child safety.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (GBP)
Other operations with BRITAX CHILDCARE
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: nordic capital