HARDLOOP
Acquired by
SEVENTURE PARTNERS / KIMA VENTURES
HARDLOOP acquired by SEVENTURE PARTNERS / KIMA VENTURES
Target
HARDLOOP
Acquirer
SEVENTURE PARTNERS / KIMA VENTURES
Context
Hardloop completed a EUR3 million funding round to accelerate the development of its technological platform and support its European expansion. The round was led by historical investors Seventure Partners and SGPA, alongside a pool of Business Angels and banking partners (Banque Palatine, LCL, Societe Generale). A key component of this transaction is the opening of the company's capital to its employees, allowing the first wave of staff to become shareholders alongside the founders.
HARDLOOP, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.
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Target
Founded in 2015 in Annecy, Hardloop is a French e-commerce platform dedicated to outdoor sports (hiking, climbing, trekking, skiing). The company positions itself as a "Sportech" player with a platform serving over 350,000 customers and generating 1 million monthly visits across 9 European countries. Hardloop differentiates itself through a strong commitment to environmental sustainability (Carbon Neutral) and a curated selection of eco-designed technical gear from 300 premium brands.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with HARDLOOP
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