GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES) acquired by GROUPE BERTO
Context
Groupe Berto acquired 100% of the six operational companies comprising Groupe TDS. This acquisition is one of the largest in Berto's history, allowing it to integrate a competitor with a very similar business model. The deal adds EUR43 million in revenue (representing ~15% inorganic growth) and 700 vehicles to Berto's fleet. It reinforces Berto's presence in strategic regions where TDS was well-established and consolidates its dominance in the specialized "rental with driver" market.
GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES), which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).
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
Groupe TDS is a French family-owned group specialized in the long-term rental of Corporate vehicles (VI), offering both "dry lease" (vehicle only) and "wet lease" (vehicle + driver). Operating through six subsidiaries, TDS serves clients in the construction, environment, and Corporate sectors. At the time of the acquisition, the group managed a fleet of 700 vehicles and had a strong regional footprint in key economic hubs (Nantes, Lyon, Antony, Sarcelles), generating EUR43 million in revenue.
Ent. Value
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Equity Value
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Multiples
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
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REFERENCES
Revenue range: 25M - 50M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).