GROUPE BRUNEAU
Acquired by
TOWERBROOK
GROUPE BRUNEAU acquired by TOWERBROOK
Target
GROUPE BRUNEAU
Acquirer
TOWERBROOK
Context
TowerBrook acquired a majority stake in Groupe Bruneau from Equistone Partners Europe, alongside the management team. The deal was struck following a period of exceptional performance where Bruneau's revenue jumped from EUR310M (in 2017) to approximately EUR500M (in 2021). The investment thesis for TowerBrook centers on transforming Bruneau from a regional powerhouse into the undisputed European leader in workplace solutions.
GROUPE BRUNEAU, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 11.1x average currently observed in the Business Services sector.
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with GROUPE BRUNEAU
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 01/2026 | GROUPE BRUNEAU | OFFICEEASY | FRANCE | Office Supplies & Furniture | Groupe Bruneau continues its external growth strategy by acquiring OfficeEasy, a specialist in IT and telecom solutions. This acquisition allows Bruneau to significantly diversify its product offering beyond traditional office supplies into high-growth technical categories like videoconferencing and professional telephony. OfficeEasy will not be merged operationally but will join the group as an independent entity to preserve its agility. The deal aims to leverage cross-selling opportunities across Bruneau's vast SME client base while reinforcing its position as a one-stop-shop for the modern workplace. |
| 07/2017 | EQUISTONE | GROUPE BRUNEAU | FRANCE | Office Supplies & Furniture | Equistone acquired a majority stake in Groupe Bruneau from Weinberg Capital Partners. The transaction was a secondary MBO intended to accelerate the group's European footprint. |
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