FORTIDIA
Acquired by
BC PARTNERS
FORTIDIA acquired by BC PARTNERS
Context
BC Partners has completed a strategic investment to acquire a majority ownership stake in Fortidia, a global platform for shipping and business services. The stake was acquired from the company's founding Fiorelli family and funds managed by Oaktree Capital Management. This transaction represents a partnership, as Chairman and CEO Paolo Fiorelli will continue to lead the company and will also retain a significant equity position. For Fortidia, this partnership arrives at a pivotal moment, intended to fuel ambitious plans for strengthening its competitive position, accelerating international expansion, and enhancing its financial profile. The management team believes BC Partners’ operational expertise and resources will be instrumental in achieving these growth objectives. From BC Partners' perspective, the investment aligns with its strategic focus on backing successful entrepreneurs within the route-based services sector, an area the firm identifies as having strong long-term growth potential. The private equity firm was attracted to Fortidia’s resilient business model, its extensive established network, and its compelling growth trajectory. Post-closing, BC Partners intends to collaborate closely with the management team to pursue further growth, both organically by enhancing service offerings and expanding the global network, and inorganically through strategic M&A in a fragmented market.
FORTIDIA, which reported an EBITDA margin of LOGIN in 2024, 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
Fortidia (ex MBE Worldwide S.p.A.), is a global commerce platform headquartered in Milan, Italy. The company specializes in supporting micro, small, and medium-sized enterprises (MSMEs) and consumers by offering a comprehensive suite of services that includes shipping, fulfillment, logistics, marketing, and print solutions. Its operations are structured through a multi-brand platform, which features well-known names such as Mail Boxes Etc. (for operations outside the U.S. and Canada), World Options, PACK & SEND, PostNet, and AlphaGraphics, among others. The company leverages both direct and franchised channels to serve its customers across online and offline environments. In 2024, Fortidia's extensive global network comprised over 3,200 Business Solutions Centers located in 57 countries, staffed by more than 14,000 associates. During that year, the platform catered to approximately 850,000 business customers worldwide, demonstrating its significant scale and reach within the global commerce and logistics sectors. The company's model is designed to address the diverse needs of its client base in a highly fragmented international market.
Ent. Value
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with FORTIDIA
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 12/2019 | OAKTREE CAPITAL MANAGEMENT | FORTIDIA | ITALY | Transport & Logistics | Fortidia (ex MBE Worldwide S.p.A.), is a global commerce platform headquartered in Milan, Italy. The company specializes in supporting micro, small, and medium-sized enterprises (MSMEs) and consumers by offering a comprehensive suite of services that includes shipping, fulfillment, logistics, marketing, and print solutions. Its operations are structured through a multi-brand platform, which features well-known names such as Mail Boxes Etc. (for operations outside the U.S. and Canada), World Options, PACK & SEND, PostNet, and AlphaGraphics, among others. The company leverages both direct and franchised channels to serve its customers across online and offline environments. In 2024, Fortidia's extensive global network comprised over 3,200 Business Solutions Centers located in 57 countries, staffed by more than 14,000 associates. During that year, the platform catered to approximately 850,000 business customers worldwide, demonstrating its significant scale and reach within the global commerce and logistics sectors. The company's model is designed to address the diverse needs of its client base in a highly fragmented international market. |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 1b - 3b EUR
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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: fortidia
Acquirer: bc partners