mynth
10/2006

GERFLOR acquired by ARDIAN

FRANCE Chemicals & Materials / Building & Interior Materials / Flooring EV 300M - 700M EUR

Context

The acquisition of Gerflor by Axa PE (now Ardian) marks a defining milestone for the company, culminating in a tertiary LBO structure. Actively led by Axa PE as the lead sponsor, the transaction secures a majority stake in the business, equipping Gerflor with the requisite financial firepower to accelerate its overarching growth strategy. The post-closing roadmap will focus on expanding the company's product portfolio, driving operational efficiencies, and consolidating its market leadership. This operation provides a clean exit for the historical shareholder base, notably PAI and the investor consortium that backed the asset since its 1998 vintage.

GERFLOR, which reported an EBITDA margin of LOGIN in 2005, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).

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

Gerflor is a global leader in the manufacturing and distribution of decorative and eco-responsible solutions for resilient flooring and interior finishes. The organization operates as a multi-specialist, managing a portfolio of world-renowned brands such as Mipolam, Taralay, and Taraflex. The entity serves diverse end-markets, including residential, healthcare, education, and sports, while maintaining a dominant position in the transportation flooring sector (aviation and buses). Founded in France, the company counts over 4,200 employees and distributes products in more than 100 countries. With 70% of its sales generated in Europe, the firm is the co-leader of the European resilient flooring market. Its business model is driven by continuous innovation and a commitment to increasing recyclable content in its industrial processes.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2005
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2004
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Other operations with GERFLOR

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
01/2020COBEPAGERFLORFRANCEChemicals & Materials

Cobepa S.A. has acquired a majority stake in Gerflor SAS from Intermediate Capital Group (ICG) and other shareholders, including Credit Mutuel Equity. Following the transaction, ICG (which had owned the company since 2011) will retain a significant minority stake

02/2011ICGGERFLORFRANCEChemicals & Materials

Gerflor has been acquired by Intermediate Capital Group (ICG), a major transaction in the European flooring market that is expected to be finalized by the end of March 2011. ICG's investment in Gerflor is the outcome of a long-standing relationship between the two companies, with ICG having invested in Gerflor since 1992

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue 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 GERFLOR by ARDIAN 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: gerflor

Acquirer: ardian