At what enterprise value was KERNEOS acquired in 2016?

During the acquisition of KERNEOS by IMERYS in 2016, 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 IMERYS?

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

When was KERNEOS acquired by IMERYS?

KERNEOS was acquired by IMERYS in 2016.

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 100M - 200M 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.imerys.com/public/2019/06/17/IMERYS_RA_2017-18_FR_web.pdf

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Home Database Industry & ManufacturingKERNEOS

12/2016

KERNEOS acquired by IMERYS

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

Context

Imerys has finalized an agreement to acquire Kerneos from Astorg, a maneuver designed to fundamentally expand its specialized materials offering for the building and infrastructure markets. The strategic rationale for this transaction centers on a "technological-integration" play, merging the Kerneos's industry-leading technical operational depth in calcium aluminate binders with the group’s established global distribution and mineral processing infrastructure. This structural alignment provides the organization with the scientific talent and high-performance hardware—specifically the target's nine international production sites—required to address the increasing complexity of modern construction chemistry.

It is worth noting that the fund Astorg took control of Kerneos through an LBO in 2013.

KERNEOS, which reported an EBITDA margin of in 2016, 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

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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Other operations with KERNEOS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2013	ASTORG	KERNEOS	FRANCE	Construction Materials

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 100M - 200M 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 IMERYS 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.