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M&A

ISNARD GROUPE

Acquired by

CEREA PARTNERS

FRANCE Chemicals & Materials EV [1m EUR - 100m EUR] 07/2024

Target

ISNARD GROUPE

Acquirer

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.

The transaction values ISNARD GROUPE at an EV/Revenue multiple of LOGIN.

This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 10.2x since the beginning of 2026, 2.1% increase compared to 2025. 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.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2023
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2022
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Other operations with ISNARD GROUPE

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.