mynth
06/2018

DIAM acquired by EMZ PARTNERS, BNP PARIBAS DEVELOPPEMENT & IDIA CAPITAL INVESTISSEMENT

FRANCE Professional Services / Marketing & Events EV 300M - 700M EUR

Context

In a significant strategic shift, the management team of DIAM Group successfully regained majority control from Ardian. This transaction is a management-sponsored leveraged buyout, structured as a "sponsorless" operation. The broad base of internal executives successfully negotiated exclusive terms to orchestrate the complete exit of the incumbent private equity firm, Ardian, which had held the majority stake for a brief but highly successful holding period. By leveraging a bespoke financial package provided by the specialized minority investment partners, the management team successfully transitioned from minority stakeholders to absolute majority owners. This strategic reorganization perfectly aligns the company's capital structure with the operational leaders directly responsible for executing its ongoing global expansion roadmap.

It is worth noting that the fund Ardian took control of Diam through an LBO in 2016.

DIAM, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.5x).

-> Deep-dive in Business Services market trends

Target

Diam is a global specialist in point-of-sale merchandising, catering exclusively to the high-end beauty and luxury sectors. The enterprise seamlessly integrates the design, manufacturing, installation, and ongoing maintenance of sophisticated retail displays. While its historical core competency lies in premium visual merchandising, the firm has strategically expanded into elite shopfitting for prestigious boutiques and travel retail environments. The organization distinguishes itself by perfectly combining automated, high-efficiency manufacturing processes with meticulous artisanal finishing. Operating through localized production facilities across multiple continents, it effectively meets the rigorous demands of luxury brands. Driven by an ambitious leadership team, the company actively seeks to accelerate its external growth, specifically targeting the highly lucrative luxury packaging segment and the continuous expansion of its comprehensive in-store service offerings, encompassing installation, digital marketing, and sustainable recycling programs.

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Historical Financials (EUR)

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Other operations with DIAM

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2024ARDIANDIAMFRANCEMarketing & Events
06/2016ARDIANDIAMFRANCEMarketing & Events

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DIAM by EMZ PARTNERS / BNP PARIBAS DEVELOPPEMENT / IDIA CAPITAL INVESTISSEMENT 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.

Press release: view release

Acquirer: emz partners / idia capital investissement / bnp paribas developpement