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09/2022

GLOBAL PALLETS AND PACKAGING SERVICES GPS acquired by MML CAPITAL

FRANCE Transport & Logistics / Logistics EV 300M - 700M EUR

Context

Groupe GPS, a specialist in reusable industrial packaging logistics, completes a secondary LBO ("LBO bis"). The private equity firm MML Capital, alongside Metric Capital Partners, acquires the stakes previously held by Cerea Partners, Bpifrance, and Arkea Capital. This transaction, valuing the group at over EUR250 million, aims to fund the massive expansion of its crate fleet and accelerate international growth, particularly in Asia and the US.

GLOBAL PALLETS AND PACKAGING SERVICES GPS, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

A global leader in reusable Corporate packaging solutions (circular economy). The group designs, rents, and manages a fleet of over 1.5 million reusable metal crates (replacing single-use wooden or metal packaging), primarily serving the synthetic rubber and tire industries worldwide.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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05/2022IDIA CAPITAL INVESTISSEMENT / BPIFRANCE / SOFIPACAVECTORYSFRANCERoad Freight
03/2022NCILE ROY LOGISTIQUEFRANCELogistics
01/2022CMA-CGMCOLIS PRIVEFRANCELast Mile Delivery
01/2022CFTR (COMPAGNIE FRANCAISE DES TRANSPORTS REGIONAUX)AUTOCARS MAISONNEUVEFRANCEBus & Coach
12/2021BASALT INFRASTRUCTURE PARTNERSNOBINASWEDENBus & Coach
10/2021TIKEHAU CAPITALGROUPE STERNEFRANCERoad Freight
08/2021MAERSK (A.P. MOLLER - MAERSK)B2C EUROPENETHERLANDSLast Mile Delivery

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GLOBAL PALLETS AND PACKAGING SERVICES GPS by MML CAPITAL 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.

Acquirer: mml capital