FINDEL has been 100% owned by MANUTAN since March 2024.

When was FINDEL acquired by MANUTAN?

FINDEL was acquired by MANUTAN in 2024.

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

The revenue of FINDEL at the time of the deal is estimated to be in the range of 100M - 200M GBP.

What was the EBITDA of FINDEL during the acquisition?

FINDEL's EBITDA is estimated to be in the range of 5M - 25M GBP.

How is the data for the FINDEL 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 FINDEL 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.prolificnorth.co.uk/news/50m-valued-findel-acquired-by-french-b2b-ecommerce-giant/

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.2x.

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Home Database Retail & ConsumerFINDEL

03/2024

FINDEL acquired by MANUTAN

UNITED KINGDOM Education / Educational Equipment REV 100M - 200M GBP

Context

Manutan acquired 100% of Findel from private equity firm Endless and the management team. This operation marks a successful exit for Endless, which had acquired Findel in 2021 for �30 million. The deal provides Findel with a long-term industrial home, leveraging Manutan's logistical power and European footprint to drive further growth. All 300 employees were retained.

FINDEL, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).

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Target

Headquartered in Greater Manchester, Findel is the UK s market leader in the supply of educational resources to schools and nurseries. The company operates a portfolio of well-known brands including Hope, GLS, Davies Sports, and Philip Harris (science equipment). Findel provides over 32,000 products ranging from art supplies to complex science kits.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2023

2022

Similar deals in Education

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
06/2024	AD EDUCATION	POLE LEONARD DE VINCI	FRANCE	Education Providers
04/2024	EQT PARTNERS	UNIVERSIDAD EUROPEA	SPAIN	Education Providers
11/2022	ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT / IRD INVEST	MEDIASCIENCE	FRANCE	Educational Equipment
09/2022	GALILEO GLOBAL EDUCATION	EMLYON	FRANCE	Education Providers
06/2022	SANOMA CORPORATION	PEARSON (ITALY & GERMANY)	ITALY	EdTech & Content
06/2022	AD EDUCATION	GROUPE OKTOGONE	FRANCE	EdTech & Content
05/2022	FIVE ARROWS	GROUPE EDH	FRANCE	Education Providers
03/2022	EDUSERVICES	ECOLE FRANCAISE	FRANCE	EdTech & Content
10/2021	GRANDIR	SODEXO CHILDCARE	FRANCE	Education Providers
10/2021	CAPZA	EDUSERVICES	FRANCE	Education Providers

REFERENCES

Revenue range: 100M - 200M GBP

EBITDA range: 5M - 25M GBP

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

Acquirer: manutan