At what enterprise value was EASYBOX acquired in 2025?

You can find the full valuation details of EASYBOX on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M 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 Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EASYBOX when it was acquired by SAFESTORE HOLDINGS / NUVEEN REAL ESTATE?

The exact EV/EBITDA multiple for EASYBOX is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

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 EASYBOX 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 EASYBOX 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://corporate.safestore.com/media-centre/latest-news/safestore-to-enter-italy/

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Home Database Business ServicesEASYBOX

01/2025

EASYBOX

Acquired by

SAFESTORE HOLDINGS & NUVEEN REAL ESTATE

ITALY Transport & Logistics / Logistics / Warehousing / 3PL EV 100M - 350M EUR

EASYBOX acquired by SAFESTORE HOLDINGS & NUVEEN REAL ESTATE

ITALY Transport & Logistics / Logistics / Warehousing / 3PL EV 100M - 350M EUR

Context

Safestore Holdings PLC and Nuveen Real Estate have established an evenly split joint venture to acquire 100% of Easybox. This strategic partnership marks the formal entry for both entities into the Italian self-storage sector, which is currently identified as one of the most under-penetrated markets in Western Europe. The transaction includes ten income-producing facilities with strong trading track records and two specialized turn-key development projects located in Milan, which are scheduled for delivery in the first half of 2025. Safestore’s initial equity contribution was funded via a dedicated loan facility, with the management anticipating the investment to be earnings-accretive by 2027 as the development sites reach operational maturity. The joint venture intends to institutionalize the Easybox platform by integrating it into Safestore’s broader European network, focusing on leveraging data-driven pricing and management expertise to achieve a projected 10% stabilized return. This move significantly diversifies Safestore’s geographic footprint, adding Italy to its existing operations in the UK, France, Spain, and the Benelux region.

EASYBOX, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

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

Founded in 1998, Easybox is the second-largest self-storage operator in Italy by number of stores. The company provides flexible storage solutions for both individual and business customers, operating a high-quality portfolio of modern facilities fitted to high technical specifications. Its business model addresses the significant supply-demand gap in the Italian market, which is currently one of the most under-penetrated in Europe with only 0.02 sq ft of storage space per capita. At the time of acquisition, the portfolio consisted of 10 operational stores and two turn-key developments totaling 780,000 square feet (72,000 sqm) of maximum lettable area (MLA). The assets are strategically concentrated in Italy's primary economic hubs, including a dominant presence in Milan, alongside facilities in Rome, Turin, Genoa, and Florence.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EASYBOX by SAFESTORE HOLDINGS / NUVEEN REAL ESTATE 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).

Acquirer: nuveen real estate