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09/2021

GROUP CERADEL acquired by CICLAD

FRANCE Retail / Specialized Retail EV 10M - 30M EUR

Context

Ciclad acquired a majority stake in Ceradel from its founding shareholders in a transaction advised by Clairfield International. The deal was structured as a Leveraged Buy-Out (LBO) aimed at reorganizing the capital structure to facilitate the exit of historical shareholders while bringing in financial firepower for expansion. The new strategic roadmap focuses on accelerating digitalization (e-commerce growth) and pursuing a "Buy-and-Build" strategy to consolidate the fragmented European market for ceramic supplies.

GROUP CERADEL, 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 Retail & Consumer sector (10.9x).

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Target

Founded in 1967 and headquartered near Limoges (the historic capital of French porcelain), Ceradel is the leading distributor and manufacturer of supplies for the ceramic and glass arts in Europe. The group serves a hybrid client base ranging from professional artisans and Corporateists to schools and amateur hobbyists. Its comprehensive catalog includes consumables (clays, glazes, raw materials) and equipment (pottery wheels, tools). Crucially, Ceradel is also a manufacturer, producing its own high-end electric and gas kilns.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 10M - 30M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUP CERADEL by CICLAD 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

Acquirer: ciclad