GLOBAL PALLETS AND PACKAGING SERVICES GPS acquired by MML CAPITAL
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).
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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.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: mml capital