At what enterprise value was DS SMITH acquired in 2024?

During the acquisition of DS SMITH by INTERNATIONAL PAPER COMPANY in 2024, 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 3b - 100b GBP. 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 Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DS SMITH when it was acquired by INTERNATIONAL PAPER COMPANY?

The estimated EV/EBITDA multiple for DS SMITH is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was DS SMITH acquired by INTERNATIONAL PAPER COMPANY?

DS SMITH was acquired by INTERNATIONAL PAPER COMPANY in 2024.

What was the revenue of DS SMITH at the time of the deal?

The revenue of DS SMITH at the time of the deal is estimated to be in the range of 5b - 100b GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of DS SMITH during the acquisition?

DS SMITH's EBITDA is estimated to be in the range of 750M - 1.3b GBP. 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 DS SMITH 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 DS SMITH 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.dssmith.com/media/our-stories/2024/4/recommended-all-share-combination-of-ds-smith-plc-with-international-paper-company

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Home Database Industry & ManufacturingDS SMITH

04/2024

DS SMITH

Acquired by

INTERNATIONAL PAPER COMPANY

UNITED KINGDOM Chemicals & Materials / Packaging & Containers / Paper & Cardboard EV 3b - 100b GBP

DS SMITH acquired by INTERNATIONAL PAPER COMPANY

UNITED KINGDOM Chemicals & Materials / Packaging & Containers / Paper & Cardboard EV 3b - 100b GBP

Context

International Paper and DS Smith have reached an agreement on the terms of a recommended all-share combination. Under the terms, DS Smith shareholders are entitled to receive 0.1285 new International Paper shares for each DS Smith share, valuing the target at 415 pence per share (a 47.7% premium over the undisturbed share price). The transaction creates a truly global leader in sustainable packaging, with industry-leading positions in both Europe and North America. The strategic rationale is built on optimizing the combined mill network and supply chains, with expected pre-tax cash synergies of at least $514 million (£413 million) annually by the end of the fourth year. Upon completion, DS Smith shareholders will own approximately 33.7% of the combined entity. To facilitate the merger, International Paper will seek a secondary listing on the London Stock Exchange. The deal is expected to be EPS accretive in year one and is slated to become effective in the fourth quarter of 2024, subject to regulatory and shareholder approvals.

DS SMITH, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.0x).

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

DS Smith is a leading European provider of sustainable fiber-based packaging solutions, specializing in corrugated packaging. The company’s business model is centered on a "customer-first" approach, driving growth through innovation in high-quality packaging and superior service levels. DS Smith has established an extensive reach across Europe, positioning itself as a key partner for a broad set of customers in attractive and growing end-markets. Its value proposition focuses on renewable and recyclable materials, aligning with the global transition toward sustainable packaging. By the time of the transaction, DS Smith had achieved significant scale through its dedication to circular economy principles and its ability to serve complex supply chains across the continent.

Ent. Value

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2023

Other operations with DS SMITH

REFERENCES

Valuation range: EV 3b - 100b GBP

Revenue range: 5b - 100b GBP

EBITDA range: 750M - 1.3b GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DS SMITH by INTERNATIONAL PAPER COMPANY are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: ds smith