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12/2023

GROUPE ROGER DELATTRE acquired by NORD CAPITAL PARTENAIRES

FRANCE Construction / Structural Works / Masonry & Civil Eng. REV 50M - 100M EUR

Context

Groupe Roger Delattre has engaged in its first-ever private equity transaction, securing a minority investment from Nord Capital Investissement through a primary Leveraged Buyout (LBO). This strategic move was designed to fuel the company's next growth phase while maintaining leadership continuity. The historical majority shareholder, Reinold Delattre, and his associate will retain their controlling stake post-transaction. A significant element of the deal involves creating an ownership path for key executives, allowing them to become shareholders and better aligning management interests with the company's long-term objectives. The transaction's financing includes a senior bank debt facility, with leverage reported to be less than three times the company's historical earnings. The principal rationale for this partnership is to execute an aggressive external growth strategy. The company has a pre-defined plan for targeted acquisitions across France, aimed at strengthening its position in core business segments, with a particular focus on the building framework market. The ultimate ambition behind this capital injection is to substantially increase the company's scale and market share over the next five years.

GROUPE ROGER DELATTRE, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of .

Target

Roger Delattre is a long-standing family-owned industrial group specializing in the structural and building envelope sectors, with a core expertise in steel framing, metalwork, and facade systems. Based in Boulogne-sur-Mer, the company operates through a decentralized network of 10 subsidiaries, employing approximately 400 people. Its business model is built on providing integrated construction solutions for complex building structures, leveraging decades of technical know-how to serve both public and private sector projects. The firm has historically utilized a strategic buy-and-build approach to diversify its service offering, moving from a regional specialist to a major national player in the structural works segment. Its value proposition is anchored in the high quality of its engineering and its ability to handle large-scale, multi-technical building envelopes.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
2022

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REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE ROGER DELATTRE by NORD CAPITAL PARTENAIRES 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.

Target: groupe roger delattre