At what enterprise value was IKH acquired in 2021?

During the acquisition of IKH by GRAFTON GROUP in 2021, 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. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of IKH when it was acquired by GRAFTON GROUP?

The exact EV/EBITDA multiple for IKH is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was IKH acquired by GRAFTON GROUP?

IKH was acquired by GRAFTON GROUP in 2021.

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

The revenue of IKH at the time of the deal is estimated to be in the range of 100M - 200M 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 IKH 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 IKH 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.directorstalkinterviews.com/grafton-group-to-acquire-ikh-in-finland-for-e199.3-million/4121003011

← DATABASE

Home Database Business ServicesIKH

07/2021

IKH acquired by GRAFTON GROUP

FINLAND Industrial Services / Industrial & Technical Distribution EV 100M - 350M EUR

Context

Grafton Group has successfully finalized the acquisition of 100% of the share capital of the target, marking its first entry into the Finnish market and establishing a significant presence in the Nordic region. This strategic transaction represents a pivotal step in the acquirer's international development strategy, specifically targeting high-growth technical wholesale sectors with resilient defensive characteristics. The strategic rationale for the move centers on the acquisition of a high-quality platform that broadens the group’s market position into specialized segments such as personal protective equipment and professional tools.

IKH, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

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.

-> Deep-dive in Business Services market trends

Target

IKH is a premier technical distribution organization specializing in the wholesale and retail of workwear, personal protective equipment, professional tools, and specialized spare parts. The entity’s business model is built on a high-density distribution framework, operating through a sophisticated network of independently-owned partner stores complemented by a selection of flagship owned sites. Its value proposition is anchored in the high-precision availability of a vast product catalog catering to the industrial, construction, and agricultural sectors. Strategically, the firm focuses on the Nordic and Baltic regions, utilizing a centralized logistics and distribution infrastructure to facilitate cross-border expansion into Sweden and Estonia. By maintaining structural operational depth in mission-critical safety and maintenance products, the organization ensures a mission-critical role in the productivity of professional trades and industrial enterprises. The entity prioritizes long-term technical reliability and standardized quality across its diverse partner-led retail presence.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2021	TURENNE CAPITAL / NORD CAPITAL PARTENAIRES	KALI ENVIRONNEMENT	FRANCE	Industrial Services	Turenne Emergence and Nord Capital Investissement have invested in the share capital of Kali Environnement Group as part of a primary LBO transaction aimed at supporting the reorganization of its shareholder base and the transfer of control by its founder, Pascal Marly
08/2021	TRANSCAT	NEXA ENTERPRISE	IRELAND	Industrial Services	Transcat has successfully finalized the acquisition of 100% of the share capital of the target, marking a significant expansion of its technical advisory capabilities within the life sciences sector. This strategic transaction represents a definitive move to incorporate high-margin calibration optimization services into the group’s broader service segment
07/2021	PAI PARTNERS	APAVE GROUPE	FRANCE	Industrial Services	PAI Partners has finalized a strategic minority investment in Apave Group, marking the first time the organization has opened its capital to an outside institutional partner. GAPAVE, the historical association governing the group, remains the primary shareholder as it transitions toward a foundation structure
06/2021	LOXAM	JM TRYKLUFT	FRANCE	Industrial Services	Loxam acquired 100% of JM Trykluft to strengthen its Danish footprint, particularly in the western part of the country. This acquisition added 9 branches to Loxam's existing Danish network (bringing it to 36 branches at the time)
06/2021	TOWERBROOK	UPERIO	FRANCE	Industrial Services	TowerBrook acquired Uperio from LFPI. This follows a successful consolidation phase where LFPI merged Matebat and Arcomet in 2019 to create a global champion. The transaction was funded by senior debt from CA CIB and BPCE
06/2021	LOXAM	MASKINSLUSSEN	SWEDEN	Industrial Services	Loxam acquired 100% of Maskinslussen to densify its network in Sweden, specifically in the western part of the country. This acquisition added 3 branches to Loxam's existing Swedish operations. The deal allowed Loxam to integrate 35 employees and a high-quality fleet, strengthening its competitive position in the Swedish industrial heartland
05/2021	INTERTEK	SAI GLOBAL ASSURANCE	AUSTRALIA	Industrial Services	This strategic acquisition involves the full takeover of a premier global provider of assurance services from its previous private equity owner, Baring Private Equity Asia. The transaction is designed to significantly scale the acquirer's business assurance division, particularly within capital-light and high-margin segments that address the increasing corporate focus on risk-based quality assurance following global supply chain disruptions
04/2021	QCAPITAL	VENPA	ITALY	Industrial Services	QCapital acquired a 42.5% stake in Venpa for EUR15 million. This primary LBO was designed to professionalize the family-owned business (Pege and Piovan families) and launch an aggressive "buy-and-build" strategy
04/2021	DWS GROUP / CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	ERMEWA	FRANCE	Industrial Services	SNCF sold its 100% stake in Ermewa to a consortium composed of CDPQ and DWS. This major infrastructure transaction allows the group to reduce the its debt.
02/2021	NORD COFFRAGE	RENTMAT BTP	FRANCE	Industrial Services	Nord Coffrage acquired Rentmat BTP to solidify its national presence. Following the acquisition of Gradel in 2019, this deal allowed the group to cross the EUR40M revenue milestone. Yann Vuillaumier, Rentmat's founder, reinvested significantly in the group and was appointed Managing Director to lead operations alongside its President

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IKH by GRAFTON GROUP 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).