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01/2017

GROUPE FINIZY (MEILLEURTAUX) acquired by GOLDMAN SACHS

FRANCE Brokerage EV 300M - 700M EUR

Context

Goldman Sachs acquired a majority stake in Meilleurtaux, winning a competitive auction process managed by Rothschild & Cie. The seller, Equistone Partners Europe, realized a massive exit after acquiring the asset from BPCE in 2013. The transaction is financed by a debt package (TLA + TLB) representing roughly 4.0x EBITDA, a moderate leverage level designed to leave room for future external growth. The management team remains in place to pursue an aggressive build-up strategy.

GROUPE FINIZY (MEILLEURTAUX), which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.4x).

-> Deep-dive in Financial Services market trends

Target

Meilleurtaux is the leading French digital marketplace for financial services. Originally a pure mortgage broker, the group successfully diversified under previous ownerships into borrower insurance (Assurea), financial information (MoneyVox/cBanque), and savings (MonFinancier). At the time of the deal, mortgage brokerage represented only ~20% of revenue, positioning the group as a diversified FinTech.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2016
2015

Other operations with GROUPE FINIZY (MEILLEURTAUX)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2021GROUPE FINIZY (MEILLEURTAUX)ACTIVE ASSURANCESFRANCEBrokerage
07/2020SILVER LAKEGROUPE FINIZY (MEILLEURTAUX)FRANCEBrokerage

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE FINIZY (MEILLEURTAUX) by GOLDMAN SACHS 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: goldman sachs