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10/2021

GROUPE STERNE acquired by TIKEHAU CAPITAL

FRANCE Transport & Logistics / Freight Transport / Road Freight EV 300M - 700M EUR

Context

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 in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Sterne Group is a leading European provider of premium, low-carbon critical logistics and high-value urgent transportation services. Operating as a multimodal transport operator, freight forwarder, customs broker, and corporate mail solutions provider, the group specializes in both scheduled and on-demand premium shipping tailored to high-criticality industries (healthcare, luxury, banking, high-tech, and defense). Its core economic model relies on a highly integrated service architecture that optimizes supply chain velocity and agility for over 6,000 corporate clients. The organization operates through an extensive European network spanning 84 regional agencies, coordinating 170,000 daily delivery stops and over 3,500 emergency courier runs. A defining feature of Sterne's operational framework is its structural focus on low-carbon, overnight logistics, with 75% of deliveries executed at night, backed by a 100% Euro 5/Euro 6 compliant partner fleet that saves 100,000 tonnes of CO2 annually.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

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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 STERNE by TIKEHAU CAPITAL 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.

Press release: view release

Target: groupe sterne

Acquirer: tikehau capital