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07/2017

GROUPE BRUNEAU acquired by EQUISTONE

FRANCE B2B Specialized Distribution / Office Supplies & Furniture EV 300M - 700M EUR

Context

Equistone Partners Europe has acquired a majority stake in Groupe Bruneau from Weinberg Capital Partners. The transaction was structured as a secondary MBO designed to accelerate the group's geographical expansion and European footprint. As a premier French digital-native B2B distributor of workplace furniture, equipment, and office supplies, Groupe Bruneau leverages a high-performing e-commerce platform and state-of-the-art logistics infrastructure serving a highly loyal SME customer base. Equistone's investment thesis focuses on partnering with the incumbent management team to scale operations internationally, primarily driving growth through a programmatic buy-and-build and market consolidation strategy across the European workplace solutions sector.

GROUPE BRUNEAU, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

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Target

Bruneau is a leading European B2B provider specializing in office furniture, supplies, and equipment for professionals. The group offers a vast catalog of over 100,000 products, ranging from stationery and IT equipment to ergonomic office furniture and hygiene products. Bruneau stands out for its high-performance logistics, offering 24-hour delivery for a large part of its catalog. Primarily serving SMEs and large corporations, the group has successfully transitioned from a traditional mail-order business to a pure-player digital model, leveraging a powerful e-commerce platform and a dedicated customer service network.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
2016

Other operations with GROUPE BRUNEAU

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
01/2026GROUPE BRUNEAUOFFICEEASYFRANCEOffice Supplies & Furniture
10/2021TOWERBROOKGROUPE BRUNEAUFRANCEOffice Supplies & Furniture

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE BRUNEAU by EQUISTONE 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: equistone