At what enterprise value was HEMA acquired in 2018?

You can find the full valuation details of HEMA on mynth capital. 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 Retail & Consumer industry currently tracks an average EBITDA multiple of 11.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HEMA when it was acquired by RAMPHASTOS INVESTMENTS?

The exact EV/EBITDA multiple for HEMA is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.5x. Join our community for free to access full valuation data and industry trends.

When was HEMA acquired by RAMPHASTOS INVESTMENTS?

HEMA was acquired by RAMPHASTOS INVESTMENTS in 2018.

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

The revenue of HEMA at the time of the deal is estimated to be in the range of 750M - 1.3b EUR. Register for free to access the full transaction report and exact valuation multiples.

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 HEMA 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 HEMA 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.reuters.com/article/world/europe/lion-capital-sells-dutch-retailer-hema-to-dutch-billionaire-idUSKCN1MS28A/

← DATABASE

Home Database Retail & ConsumerHEMA

10/2018

HEMA

Acquired by

RAMPHASTOS INVESTMENTS

NETHERLANDS Retail / Specialized Retail REV 750M - 1.3b EUR

HEMA acquired by RAMPHASTOS INVESTMENTS

NETHERLANDS Retail / Specialized Retail REV 750M - 1.3b EUR

Context

Ramphastos Investments, owned by Dutch billionaire Marcel Boekhoorn, acquired HEMA from Lion Capital in October 2018. The deal ended Lion's 11-year ownership since 2007 and positioned HEMA for renewed focus under domestic ownership. HEMA's scale (700+ stores, €1bn+ sales) and iconic Dutch status made it attractive despite losses (€31 million net loss 2017). Ramphastos targeted HEMA's e-commerce potential, international growth, and profitability recovery amid discounter competition. Boekhoorn's local expertise offered continuity after Lion's failed 2010/2018 sales. Post-deal priorities included debt reduction (€753 million gross), margin improvement, and digital/international acceleration.

HEMA, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.5x).

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.

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Target

HEMA is a Dutch retail chain founded in 1926 and headquartered in Amsterdam, Netherlands. The company operates more than 700 stores across nine countries, primarily in the Netherlands, Belgium, Germany, France, Spain, the United Kingdom, Luxembourg, Austria, and the United Arab Emirates. HEMA sells over 30,000 own-brand products across categories including clothing (especially children's and babywear), home goods, stationery, food, cosmetics, gardening tools, and household items at accessible price points designed for impulse purchases. Products range from mugs and breakfast bowls to jeans, socks, bath products, and seasonal decorations, all manufactured under HEMA's private label primarily in Asia and Eastern Europe. The chain generates roughly three-quarters of its revenues in the Netherlands despite international expansion. HEMA's business model emphasizes own-brand sourcing for competitive pricing and broad appeal. Revenue derives from store sales, with growth through new openings and e-commerce.

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REFERENCES

Revenue range: 750M - 1.3b EUR

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

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).