mynth
← DATABASE
07/2015

IMPRIMERIE LAULAN acquired by ACTIVA CAPITAL

FRANCE Chemicals & Materials / Packaging & Containers / Labels & Adhesives EV 20M - 50M EUR

Context

Activa Capital has officially launched "Alliance Etiquettes," a strategic build-up platform designed to consolidate the fragmented French market for premium wine and spirits labels. The initiative began with the control acquisition of Imprimerie Laulan in July 2015, followed by the acquisition of Groupe Enes in December 2015. By combining these regional specialists, Activa Capital aims to build a leading national player capable of leveraging industrial synergies and digital printing technologies. The group is led by Olivier Laulan, the former head of the founding entity, and has an aggressive roadmap to acquire further independent competitors to rapidly scale its revenue base.

IMPRIMERIE LAULAN, which reported an EBITDA margin of in 2014, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Based in the Bordeaux region, Imprimerie Laulan is a historic family-owned SME specializing in the design and printing of premium adhesive labels for the wine and spirits market. Recognized for its operational excellence, the company achieves exceptional profitability with an EBITDA margin of approximately 40%. It differentiates itself through its early adoption and mastery of digital printing technologies, allowing for high agility in managing short, complex production runs and delivering "just-in-time" solutions for local vineyards. With revenues of EUR8 million in 2015, Imprimerie Laulan served as the foundational "cornerstone" asset for Activa Capital s buy-and-build strategy to create the Alliance Etiquettes platform.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2014
2013

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
09/2015SCHWEITZER-MAUDUIT INTERNATIONAL (SWM)ARGOTECUNITED STATESPlastics
08/2015UNIQUE FABRICATINGGREAT LAKES FOAM TECHNOLOGIESUNITED STATESPlastics
06/2015INTERNATIONAL FLAVORS & FRAGRANCES (IFF)LUCAS MEYER COSMETICSCANADAFlavors & Fragrances
05/2015INITIATIVE & FINANCE / ISATIS CAPITALPURE TRADE WORLDWIDEFRANCEPackaging & Containers
05/2015MULTI-COLOR CORPORATION (MCC)BARATFRANCELabels & Adhesives
04/2015IDEX CORPORATIONNOVOTEMAITALYPlastics
01/2015SAGARD / SOCIETE GENERALE CAPITAL PARTENAIRES / EMZ PARTNERSSAFIC-ALCANFRANCESpecialty Chemicals
01/2015UI INVESTISSEMENTGAULT & FRÉMONTFRANCEPaper & Cardboard
11/2014IMERYSS&B INDUSTRIAL MINERALSGREECEConstruction Materials
10/2014CVCPAROC GROUPFINLANDConstruction Materials

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 5M - 25M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IMPRIMERIE LAULAN by ACTIVA CAPITAL 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.

Target: imprimerie laulan

Acquirer: activa capital