At what enterprise value was GSE acquired in 2019?

During the acquisition of GSE by GOLDBECK in 2019, 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 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of GSE when it was acquired by GOLDBECK?

The estimated EV/EBITDA multiple for GSE is in the range of 5x - 12x. Join our community for free to access full valuation data and industry trends.

When was GSE acquired by GOLDBECK?

GSE was acquired by GOLDBECK in 2019.

What was the revenue of GSE at the time of the deal?

The revenue of GSE at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of GSE during the acquisition?

GSE'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 GSE 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 GSE 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.gsegroup.com/wp-content/uploads/2020/08/20190326_cp_gse_changement_actionnariat_goldbeck.pdf

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Home DatabaseGSE

03/2019

GSE acquired by GOLDBECK

FRANCE Construction / Structural Works EV 100M - 350M EUR

Context

Goldbeck has successfully finalized the acquisition of 100% of the share capital of GSE, marking a significant milestone in the creation of a premier European leader in turnkey commercial construction. This strategic transaction involves the full exit of the previous private equity sponsor, TowerBrook Capital Partners, which facilitated the organization's rapid international expansion over the past decade. The strategic rationale for the move centers on the high degree of geographic and technical complementarity between the two organizations. While the acquirer maintains a dominant presence in Central and Northern Europe, the partnership provides immediate access to high-growth markets in Southern and Eastern Europe, as well as an established operational footprint in China.

GSE, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

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.

Target

GSE is a specialized industrial organization operating as a global contractor for turnkey commercial real estate projects. The entity’s business model is centered on providing a comprehensive "Global Contractor" solution, managing every phase of a construction project from financial structuring and land qualification to technical design, execution, and after-sales service. Its value proposition lies in its contractual commitment to price, deadlines, and technical quality for industrial, logistics, and tertiary facilities. Strategically, the firm focuses on technical operational depth and agility, supporting multinational corporations and logistics providers in their facility expansion across international markets. By integrating specialized R&D efforts into its construction lifecycle, the organization facilitates the modernization of sustainable and functional workspaces. The firm prioritizes an entrepreneurial culture and client-centric engineering to maintain its position as a preferred partner in the commercial building landscape.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 450M - 900M 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 GSE by GOLDBECK 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).