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03/2022

GSV (GRØNVOLD & SCHOU VESTERGAARD) acquired by KILOUTOU

DENMARK Industrial Services / Equipment Rental EV 300M - 700M EUR

Context

Kiloutou acquired GSV, the Danish market leader, to establish its third major European pillar alongside France and Poland. This acquisition, the largest in Kiloutou's history at the time, allowed the group to integrate a highly digitalized player and expand its geographical footprint to Northern Europe.

The acquisition of Gsv is part of the growth strategy of Kiloutou, which already has several external growth operations under its belt, notably Ab Materiels in 2021.

GSV (GRØNVOLD & SCHOU VESTERGAARD), which reported an EBITDA margin of in 2021, 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

The undisputed leader in the Danish equipment rental market. GSV provides a comprehensive range of machinery (aerial platforms, earthmoving, modular space) and digital solutions for the construction and Corporate sectors.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

Similar deals in Industrial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
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04/2022SOLOMAT LOCATIONLOCANETFRANCEEquipment Rental
03/2022BUFABTI MIDWOOD & COUNITED KINGDOMIndustrial & Technical Distribution
02/2022MasterGridKTHVFRANCEEngineering & Consulting
02/2022MasterGridSHB ELECTRICFRANCEMulti-technical Installation
02/2022HIG CAPITALBERARDI BULLONERIEITALYIndustrial & Technical Distribution
01/2022TEMASEKELEMENT MATERIALS TECHNOLOGYUNITED KINGDOMTIC (Testing, Inspection, Certification)
01/2022IK PARTNERSRENTA GROUPFINLANDEquipment Rental
12/2021KILOUTOUAB MATERIELSFRANCEEquipment Rental
11/2021PHENNA GROUPJAMES FISHER TESTING SERVICESUNITED KINGDOMTIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M 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 GSV (GRØNVOLD & SCHOU VESTERGAARD) by KILOUTOU 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.

Acquirer: kiloutou