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06/2019

GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES) acquired by GROUPE BERTO

FRANCE Industrial Services / Equipment Rental REV 25M - 50M EUR

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 in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

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REFERENCES

Revenue 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 TDS (TRANSPORTS DEPLACEMENTS SERVICES) by GROUPE BERTO 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.