COMEXPOSIUM acquired by CRÉDIT AGRICOLE ASSURANCES
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.
It is worth noting that the fund Charterhouse took control of Comexposium through an LBO in 2015.
COMEXPOSIUM, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).
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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
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with COMEXPOSIUM
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2015 | CHARTERHOUSE | COMEXPOSIUM | FRANCE | Marketing & Events |
REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 250M - 500M EUR
EBITDA range: 50M - 100M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: crédit agricole assurances