At what enterprise value was GERFLOR acquired in 2011?

During the acquisition of GERFLOR by ICG in 2011, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of GERFLOR when it was acquired by ICG?

The estimated EV/EBITDA multiple for GERFLOR is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was GERFLOR acquired by ICG?

GERFLOR was acquired by ICG in 2011.

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

The revenue of GERFLOR at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of GERFLOR during the acquisition?

GERFLOR's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the GERFLOR 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 GERFLOR 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.privateequitywire.co.uk/icg-acquires-gerflor-axa-private-equity/

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Home Database Industry & ManufacturingGERFLOR

02/2011

GERFLOR

Acquired by

ICG

FRANCE Chemicals & Materials / Building & Interior Materials / Flooring EV 500M - 1.5b EUR

GERFLOR acquired by ICG

FRANCE Chemicals & Materials / Building & Interior Materials / Flooring EV 500M - 1.5b EUR

Context

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. The acquisition will see ICG support the existing management team, led by CEO Bertrand Chammas, in executing the company's development strategy, including further international expansion and targeted acquisitions. The transaction follows a period of five years during which AXA Private Equity (Ardian) has actively supported the Gerflor management team in expanding the business through bolt-on acquisitions and investment in organic growth. The deal is expected to provide Gerflor with the necessary resources and expertise to drive further growth and consolidation in the European flooring market.

GERFLOR, which reported an EBITDA margin of LOGIN in 2010, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing 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

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.

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Other operations with GERFLOR

Date	Acquirer	Target	Country	Sector	Deal Context
01/2020	COBEPA	GERFLOR	FRANCE	Chemicals & 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. The deal was finalized in late January 2020 after receiving approval from the European Commission. The strategic rationale for the acquisition is to strengthen Gerflor’s market leadership and accelerate its international expansion, particularly in North America and Asia. Under ICG’s previous ownership, the company more than doubled its revenues, reaching the €1 billion milestone through a mix of organic growth and strategic bolt-on acquisitions. The new ownership structure under Cobepa is designed to provide the long-term capital necessary to pursue further external growth and leverage Gerflor’s expertise in high-growth niches like sports and healthcare flooring.
10/2006	ARDIAN	GERFLOR	FRANCE	Chemicals & Materials	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.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M 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 ICG are reserved for mynth community members. Register for free to unlock full data.

Authors: 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: icg