At what enterprise value was KERNEOS acquired in 2013?

During the acquisition of KERNEOS by ASTORG in 2013, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of KERNEOS when it was acquired by ASTORG?

The estimated EV/EBITDA multiple for KERNEOS is in the range of 5x - 12x.

When was KERNEOS acquired by ASTORG?

KERNEOS was acquired by ASTORG in 2013.

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

The revenue of KERNEOS at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of KERNEOS during the acquisition?

KERNEOS's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the KERNEOS 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 KERNEOS 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.astorg.com/news/astorg-partners-to-enter-exclusive-negotiations-with-materis-on-acquisition-of-kerneos

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Home Database Industry & ManufacturingKERNEOS

12/2013

KERNEOS acquired by ASTORG

FRANCE Chemicals & Materials / Construction Materials EV 500M - 1.5b EUR

Context

Astorg has finalized an agreement to acquire the Kerneos from Materis (Wendel), a maneuver designed to fundamentally transition the business from a subsidiary of a diversified construction conglomerate into a standalone global platform. The strategic rationale for this transaction centers on a "portfolio-emancipation" play, merging the target's industry-leading technical operational depth in calcium aluminates with the sponsor's established expertise in professionalizing mid-cap industrial champions. This structural alignment provides the organization with the institutional capital and strategic autonomy required to pursue an independent growth roadmap after years of serving as a cash-generating division for a leveraged parent.

KERNEOS, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.8x).

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Target

Kerneos is a France company specialized in High-Performance Mineral Binders. The company has carved out a distinct space in the industrial landscape by focusing on the synthesis of calcium aluminates, which are essential for applications requiring rapid hardening and extreme chemical resistance. Instead of producing standard construction materials, they thrive on a philosophy of technical operational depth, providing specialized ingredients that allow mortars and adhesives to withstand harsh environments or set in record time. What makes them a go-to partner for global construction and refractory firms is their ability to deliver consistent mineral performance across an international network of production sites.

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2013

2012

Other operations with KERNEOS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2016	IMERYS	KERNEOS	FRANCE	Construction Materials

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

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

Press release: view release

Acquirer: astorg