IMPRIMERIE LAULAN acquired by ACTIVA CAPITAL
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 [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).
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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
€20–50M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
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|---|---|---|---|---|
| 09/2015 | SCHWEITZER-MAUDUIT INTERNATIONAL (SWM) | ARGOTEC | UNITED STATES | Plastics |
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| 06/2015 | INTERNATIONAL FLAVORS & FRAGRANCES (IFF) | LUCAS MEYER COSMETICS | CANADA | Flavors & Fragrances |
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| 04/2015 | IDEX CORPORATION | NOVOTEMA | ITALY | Plastics |
| 01/2015 | UI INVESTISSEMENT | GAULT & FRÉMONT | FRANCE | Paper & Cardboard |
| 01/2015 | SAGARD / SOCIETE GENERALE CAPITAL PARTENAIRES / EMZ PARTNERS | SAFIC-ALCAN | FRANCE | Specialty Chemicals |
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Other operations with ACTIVA CAPITAL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2026 | ACTIVA CAPITAL | Impulsa Group | FRANCE | Accounting & Audit |
| 07/2025 | ACTIVA CAPITAL | GROUPE DESEGUR | FRANCE | TIC (Testing, Inspection, Certification) |
| 02/2022 | ACTIVA CAPITAL | RHETORES | FRANCE | Wealth & Asset Management |
REFERENCES
Valuation range: EV €20–50M
Revenue range: €5–25M
EBITDA range: €5–25M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 5x - 12x
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