At what enterprise value was GROUP CERADEL acquired in 2021?

During the acquisition of GROUP CERADEL by CICLAD in 2021, the transaction's Enterprise Value is estimated to be in the range of €10–30M.

What was the EV/EBITDA of GROUP CERADEL when it was acquired by CICLAD?

The estimated EV/EBITDA multiple for GROUP CERADEL is in the range of 5x - 12x.

What was the EV/Revenue multiple of GROUP CERADEL when it was acquired by CICLAD?

The estimated EV/Revenue multiple for GROUP CERADEL is in the range of below 1.5x.

When was GROUP CERADEL acquired by CICLAD?

GROUP CERADEL was acquired by CICLAD in 2021.

What was the revenue of GROUP CERADEL at the time of the deal?

The revenue of GROUP CERADEL at the time of the deal is estimated to be in the range of €10–30M.

What was the EBITDA of GROUP CERADEL during the acquisition?

GROUP CERADEL's EBITDA is estimated to be in the range of €0–5M.

How is the data for the GROUP CERADEL 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 GROUP CERADEL 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.ciclad.com/2021/09/06/ciclad-prend-une-participation-majoritaire-au-capital-du-groupe-ceradel/

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.9x.

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Home Database Retail & ConsumerGROUP CERADEL

09/2021

GROUP CERADEL acquired by CICLAD

FRANCE Retail / Specialized Retail EV €10–30M

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 [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).

-> Deep-dive in Retail & Consumer market trends

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

€10–30M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

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REFERENCES

Valuation range: EV €10–30M

Revenue range: €10–30M

EBITDA range: €0–5M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

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