FINDEL acquired by MANUTAN
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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer 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
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.
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Historical Financials (GBP)
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REFERENCES
Revenue range: 100M - 200M GBP
EBITDA range: 5M - 25M GBP
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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).
Acquirer: manutan