At what enterprise value was COURIR acquired in 2023?

During the acquisition of COURIR by JD SPORTS in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of COURIR when it was acquired by JD SPORTS?

The estimated EV/EBITDA multiple for COURIR is in the range of 5x - 12x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was COURIR acquired by JD SPORTS?

COURIR was acquired by JD SPORTS in 2023.

What was the revenue of COURIR at the time of the deal?

The revenue of COURIR at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of COURIR during the acquisition?

COURIR's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the COURIR acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the COURIR deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.fusacq.com/actualite/jd-sports-a-fait-une-offre-sur-courir-pour-520-meura244113_fr_

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Home Database Retail & ConsumerCOURIR

05/2023

COURIR acquired by JD SPORTS

FRANCE Retail / Specialized Retail / Sport EV 500M - 1.5b EUR

Context

JD Sports submitted a binding offer to acquire 100% of Courir from the private equity firm Equistone Partners Europe. The transaction values the French company at an Enterprise Value of EUR520 million. For Equistone, this exit represents a remarkable success: the fund had acquired Courir in 2018 (a carve-out from Go Sport) for EUR283 million, transforming it into an autonomous and highly profitable player. The acquisition allows JD Sports to significantly strengthen its presence in France and integrate a brand with a strong female identity, which complements JD's historically more male-focused positioning.

Equistone had previously taken control of the company during an LBO in 2019.

COURIR, which reported an EBITDA margin of LOGIN in 2022, 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 (11.3x).

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

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.

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Other operations with COURIR

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
02/2019	EQUISTONE	COURIR	FRANCE	Retail	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.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of COURIR by JD SPORTS 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).

Target: courir

Acquirer: jd sports