COURIR acquired by EQUISTONE
Context
Equistone acquired 100% of Courir from Groupe Go Sport for an Enterprise Value of EUR283 million. This disposal was vital for Rallye, which was seeking to reduce its debt load. The transaction was structured as an MBO: the existing management team reinvested alongside Equistone to gain autonomy.
COURIR, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).
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Target
Courir is the market leader in France for sneaker and fashion-oriented sportswear retail. With a network of over 313 stores (mainly in France, but with a growing footprint in Spain, Belgium, Portugal, the Netherlands, and Luxembourg), the company distinguishes itself through a unique positioning: it primarily targets a female and urban demographic, a segment often underserved by generalist competitors. Originally a subsidiary of Groupe Go Sport, Courir became independent in 2018 under the ownership of Equistone.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with COURIR
Other operations with COURIR
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2023 | JD SPORTS | COURIR | FRANCE | Sport |
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Other operations with EQUISTONE
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|---|---|---|---|---|
| 07/2022 | EQUISTONE / ALPINVEST | SICAME | FRANCE | Electrical Equipment |
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| 07/2016 | EQUISTONE / GEI | ADISTA | FRANCE | MSP (Managed Services) |
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €250–500M
EBITDA range: €10–30M
EV/Revenue range: below 1.5x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of COURIR by EQUISTONE 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.
Target: courir
Acquirer: equistone