Tikehau Capital, the alternative asset management group, has entered into exclusive negotiations to acquire a majority stake in Groupe Sterne, a European leader in high-value-added sustainable transport and logistics. Tikehau would invest via its T2 Energy Transition fund, succeeding Meanings Capital Partners, who led the group�s initial transformation and will significantly reinvest alongside the management team.

GROUPE STERNE, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the 11.1x average currently observed in the Business Services sector.

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