At what enterprise value was GROUPE TOP CHRONO acquired in 2020?

During the acquisition of GROUPE TOP CHRONO by SIPAREX / BPIFRANCE in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 20M - 50M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of GROUPE TOP CHRONO when it was acquired by SIPAREX / BPIFRANCE?

The estimated EV/EBITDA multiple for GROUPE TOP CHRONO is in the range of 5x - 12x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was GROUPE TOP CHRONO acquired by SIPAREX / BPIFRANCE?

GROUPE TOP CHRONO was acquired by SIPAREX / BPIFRANCE in 2020.

What was the revenue of GROUPE TOP CHRONO at the time of the deal?

The revenue of GROUPE TOP CHRONO at the time of the deal is estimated to be in the range of 25M - 50M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of GROUPE TOP CHRONO during the acquisition?

GROUPE TOP CHRONO's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the GROUPE TOP CHRONO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the GROUPE TOP CHRONO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.lesechos.fr/pme-regions/ile-de-france/avec-siparex-le-livreur-top-chrono-entame-son-expansion-en-region-1205875

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Home Database Business ServicesGROUPE TOP CHRONO

05/2020

GROUPE TOP CHRONO acquired by SIPAREX & BPIFRANCE

FRANCE Transport & Logistics / Freight Transport / Last Mile Delivery EV 20M - 50M EUR

Context

Siparex and Bpifrance acquired a 51% majority stake in Top Chrono during the company's first-ever LBO. The transaction facilitated the exit of founders. The strategic rationale focuses on scaling Top Chrono's national footprint beyond the Paris region and capitalizing on the structural shift toward home delivery accelerated by the health crisis. The new shareholders aim to double the group's size through a mix of high organic growth and targeted external acquisitions (build-ups) to consolidate the fragmented last-mile delivery market in major French urban centers.

GROUPE TOP CHRONO, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.0x).

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.

-> Deep-dive in Business Services market trends

Target

Founded as a premium courier service in Paris, Top Chrono has evolved into a leading specialist in "last-mile" logistics and urgent delivery solutions. The group operates across two strategic pillars: a booming B2C segment (55% of activity), serving global e-commerce giants like Amazon and major retailers like Carrefour, and a resilient B2B segment focused on critical transport (legal, healthcare shuttles). The company has successfully expanded from its Parisian stronghold to major French metropolises including Lyon, Bordeaux, and Lille, leveraging its density and technological agility to meet the increasing demand for ultra-fast, reliable urban delivery.

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Other operations with GROUPE TOP CHRONO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
10/2024	GROUPE TOP CHRONO	KLEDYS	FRANCE	Transport & Logistics	Top Chrono, which specializes in last-mile delivery in the Ile-de-France region, has just acquired Kledys. This acquisition will enable Top Chrono to strengthen its healthcare division.

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE TOP CHRONO by SIPAREX / BPIFRANCE are reserved for mynth community members. Register for free to unlock full data.

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).

Acquirer: siparex / bpifrance