mynth
12/2019

FORTIDIA acquired by OAKTREE CAPITAL MANAGEMENT

ITALY Transport & Logistics / Logistics / Warehousing / 3PL REV 500M - 1b EUR

Context

Oaktree Capital Management made a strategic minority investment in MBE Worldwide, a global provider of logistics and business services. The transaction was structured as a significant capital increase, with the investment proceeds intended to fuel the company's next phase of growth. The founding Fiorelli family, who will continue to lead the company, retained a majority ownership stake post-transaction. The partnership with Oaktree provides MBE with significant capital and a strategic partner with deep experience to support its ambitious expansion plans. The primary rationale for the deal is to accelerate MBE's international presence and enhance its competitive position, pursuing growth both organically and through further strategic acquisitions. Oaktree was attracted to MBE's impressive track record, strong market position within promising and growing industries, and experienced management team. For MBE, which had been actively seeking a private equity partner, the transaction was a key step in securing a valued investor to help achieve its long-term goals of increasing financial strength and global reach in the evolving shipping, fulfillment, and marketing solutions markets for SMEs.

FORTIDIA, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
2018

Other operations with FORTIDIA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2026BC PARTNERSFORTIDIAITALYWarehousing / 3PL

REFERENCES

Revenue range: 500M - 1b EUR

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

Press release: view release

Target: fortidia

Acquirer: oaktree capital management