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03/2019Majority

Crédit Agricole Assurances takes majority stake in Comexposium

FRANCE Professional Services / Marketing & Events EV €1–10bn

Context

The acquisition of Comexposium by Crédit Agricole Assurances marks the exit of the private equity firm Charterhouse Capital Partners, which originally acquired its majority stake in 2015. This transaction involves the transfer of control to a major institutional investor while the Paris Ile-de-France Chamber of Commerce and Industry (CCIP) maintains its historical involvement and significant shareholding. The strategic rationale for the deal is rooted in the substantial value creation achieved during the previous ownership cycle, characterized by an aggressive external growth policy involving numerous strategic acquisitions. These operations have allowed the group to consolidate its leadership in the professional events sector and broaden its international footprint. The transition to an institutional partner reflects the group’s maturity and the resilience of its business model in a consolidating global market. This partnership is designed to ensure the group remains a cornerstone of the global event industry, providing the necessary resources for further tactical build-ups and the continuous modernization of its flagship exhibitions. The deal also reinforces the stability of the group's governance, ensuring its long-term alignment with the interests of the French professional communities it serves.

In the past, Comexposium was acquired by Charterhouse in 2015 as part of its expansion strategy.

Comexposium, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 15x–25x.

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Target

Created in 2008 following the merger of the trade show activities of the Paris-Ile-de-France Chamber of Commerce and Industry (Comexpo) and Unibail (Exposium), Comexposium is a leading global organizer of large-scale events. The group manages and owns a diversified portfolio of B2B and B2C exhibitions across numerous industrial sectors, including flagship events such as SIAL for the food industry and the Foire de Paris. Its business model is based on the rental of exhibition space, the sale of specialized services to exhibitors, and visitor ticketing, supported by recognized logistical and commercial expertise. Strategically, the company holds a dominant position in the French market while having developed a significant international footprint. It operates as a global networking platform, facilitating commercial exchanges for thousands of exhibitors and hundreds of thousands of annual visitors. The company relies on an agile organizational structure capable of managing large-scale events that require complex coordination between institutional partners, venue managers, and professional federations.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
€250–500M
€50–100M
[members only]
2018
€250–500M
€50–100M
[members only]

Other operations with Comexposium

Other operations with Comexposium
DateAcquirerTargetCountrySector
05/2015CHARTERHOUSECOMEXPOSIUMFRANCEMarketing & Events

Other operations with Crédit Agricole Assurances

Other operations with Crédit Agricole Assurances
DateAcquirerTargetCountrySector
11/2021ENGIE / CRÉDIT AGRICOLE ASSURANCESEOLIA RENOVABLESSPAINWind

Similar deals in Professional Services

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12/2018INSPIREDINPROVA FINANCEUNITED KINGDOMStrategy & Management
06/2018APEX GROUPIPESUNITED KINGDOMAccounting & Audit
06/2018EMZ PARTNERS / BNP PARIBAS DEVELOPPEMENT / IDIA CAPITAL INVESTISSEMENTDIAMFRANCEMarketing & Events
03/2018ALTER DOMUSCORTLAND CAPITAL MARKET SERVICESUNITED STATESAccounting & Audit
12/2017PERMIRADUFF & PHELPSUNITED STATESConsulting & Audit
10/2017CVCTMF GROUPNETHERLANDSAccounting & Audit
07/2017BLACKSTONECLARION EVENTSUNITED KINGDOMMarketing & Events
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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €250–500M

EBITDA range: €50–100M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Comexposium by Crédit Agricole Assurances 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.

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Comexposium, a French company specialised in Marketing & Events, by Crédit Agricole Assurances in 2019. This followed an earlier holding cycle initiated in May 2015, when the company was acquired by Charterhouse.

How was the acquisition of Comexposium by Crédit Agricole Assurances valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Comexposium’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Comexposium generated annual revenue estimated in the €250–500M range and EBITDA in the €50–100M bracket (FY 2019). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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