mynth
04/2021

ERMEWA acquired by DWS GROUP / CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

FRANCE Industrial Services / Equipment Rental EV 3b - 100b EUR

Context

SNCF sold its 100% stake in Ermewa to a consortium composed of CDPQ and DWS. This major infrastructure transaction allows the group to reduce the its debt.

ERMEWA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

-> Deep-dive in Business Services market trends

Target

A European leader in Corporate railcar leasing and tank container rentals. Ermewa manages a fleet of over 40,000 railcars and 60,000 tank containers, serving the chemical, petroleum, gas, and construction industries.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
LOGIN
LOGIN
LOGIN
2019
LOGIN
LOGIN
LOGIN

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
06/2021LOXAMJM TRYKLUFTFRANCEIndustrial Services

Loxam acquired 100% of JM Trykluft to strengthen its Danish footprint, particularly in the western part of the country. This acquisition added 9 branches to Loxam's existing Danish network (bringing it to 36 branches at the time)

05/2021INTERTEKSAI GLOBAL ASSURANCEAUSTRALIAIndustrial Services

This strategic acquisition involves the full takeover of a premier global provider of assurance services from its previous private equity owner, Baring Private Equity Asia. The transaction is designed to significantly scale the acquirer's business assurance division, particularly within capital-light and high-margin segments that address the increasing corporate focus on risk-based quality assurance following global supply chain disruptions

04/2021QCAPITALVENPAITALYIndustrial Services

QCapital acquired a 42.5% stake in Venpa for EUR15 million. This primary LBO was designed to professionalize the family-owned business (Pege and Piovan families) and launch an aggressive "buy-and-build" strategy

02/2021APAX PARTNERS / BPIFRANCEBTP CONSULTANTSFRANCEIndustrial Services

Apax Partners and Bpifrance have entered into an exclusive agreement to acquire a majority stake in BTP Consultants Group, marking a pivotal primary LBO and management transmission. The transaction facilitates the handover from the founder to a new leadership team, which is reinvesting significantly alongside the institutional shareholders

02/2021ARDIANGBA GROUPGERMANYIndustrial Services

Ardian has announced the acquisition of a majority stake in GBA Group, partnering with the existing management team and Quadriga Capital. This transaction follows a period of significant growth under the previous ownership, during which the target successfully institutionalized its platform and expanded its geographic reach through targeted acquisitions

02/2021CLAYTON, DUBILIER & RICE (CD&R)WOLSELEY UKUNITED KINGDOMIndustrial Services

Clayton, Dubilier & Rice has completed the acquisition of Wolseley UK from its former parent company, Ferguson plc (LSE: FERG). This strategic carve-out allows Ferguson to focus exclusively on its North American operations while providing Wolseley with the dedicated capital and operating capabilities needed to accelerate its growth in the UK market

02/2021NORD COFFRAGERENTMAT BTPFRANCEIndustrial Services

Nord Coffrage acquired Rentmat BTP to solidify its national presence. Following the acquisition of Gradel in 2019, this deal allowed the group to cross the EUR40M revenue milestone. Yann Vuillaumier, Rentmat's founder, reinvested significantly in the group and was appointed Managing Director to lead operations alongside its President

01/2021KILOUTOUSALMATFRANCEIndustrial Services

Kiloutou acquired Salmat Nord to strengthen its historical stronghold in the Hauts-de-France region. This "bolt-on" transaction allowed Kiloutou to integrate a high-quality local fleet and a loyal customer base, optimizing its logistics and network density in a key industrial and construction hub

01/2021SOCIETE GENERALE CAPITAL PARTENAIRESDELTA SERVICE LOCATIONFRANCEIndustrial Services

A group of financial investors led by SGCP and Geneo Capital took a majority stake in DSL to support its "buy-and-build" strategy and national expansion. The deal, valued at approx. EUR70M, highlights the premium attached to specialized rental players with high technical expertise compared to generalist rental companies

12/2020APPLUS+ GROUPQPS EVALUATION SERVICESCANADAIndustrial Services

Applus+ has acquired 100% of the share capital of QPS Evaluation Services Inc. from its founding partners. The three senior managers of QPS, including the President, have committed to remaining with the business for several years to ensure a smooth integration

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ERMEWA by DWS GROUP / CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 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: ermewa

Acquirer: cdpq - caisse de depot et placement du quebec / dws group