mynth
07/2023

ID UNLIMITED takes majority stake in ANEYRON

SPAIN Consumer Products / Sport / Other Sports REV 5M - 25M EUR

Context

FlexDev Group (now ID Unlimited), the textile personalisation group backed by the Dentressangle family investment holding company, acquired Aneyron, the Zaragoza-based maker of heat transfers for sportswear marking, from its management and family shareholders in a deal announced on 11 July 2023. At the time, Aneyron generated revenue of €7M and employed 40 people, after investing in new industrial premises and a new production line in 2021. Victor Pinilla and his family kept a shareholding and continued to run the Spanish business, committing to its long-term growth within the group. The acquisition gave FlexDev a foothold in the Spanish sportswear personalisation market, alongside its operations in the United Kingdom, Italy, Ireland and France and FlexDev Turkey, a production subsidiary launched a few weeks earlier. FlexDev then employed about 400 people and worked for major European football clubs, FIFA and UEFA, while developing in US sports and motor racing. The group was later renamed ID Unlimited, and Aneyron became ID Unlimited Spain.

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Target

Founded in Zaragoza, Aneyron produces heat-applied transfers carrying player names and numbers, badges and logos, used to personalise professional sportswear, fashion garments and luxury products. It specialises in transfer printing for textile marking and uses a water-based manufacturing process. Its customers include Spanish professional football clubs, international sportswear brands, sports federations, specialist retailers and workwear companies, all served from its production site in Zaragoza, midway between Madrid and Barcelona.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

FREE VIEW
Year
Rev
EBITDA
EBIT
2023
7M
2022

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REFERENCES

Revenue range: 5M - 25M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: id unlimited