ISNARD GROUPE acquired by CEREA PARTNERS
Context
Cerea Partners acquired a majority stake (approximately two-thirds) in Isnard Groupe, valuing the company between EUR30 million and EUR40 million. The transaction is a classic "Primary LBO" (first time opening capital to PE). The deal involves recruiting a new external CEO to lead operations. Financing was secured through a senior debt package in two tranches.
ISNARD GROUPE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing 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.
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Target
Based in Grasse (the historic epicenter of the global perfume industry), Isnard Groupe has operated for over 60 years as a critical link in the fragrance and flavor supply chain. Originally a transporter of alcohol, the company evolved under Claude Isnard into a specialized distributor of solvents and alcohols essential for the extraction of natural essences. Beyond distribution, Isnard has diversified into high-value-added services, offering custom contract manufacturing ("façonnier") and packaging solutions for international clients and smaller niche brands.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 20M - 50M EUR
Revenue range: 25M - 50M EUR
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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).
Acquirer: cerea partners