Context
HLD and Dentressangle acquired a majority stake in Kiloutou to support its transformation into a pan-European leader. Under PAI (2011-2017), the group doubled its size. The new shareholders' mission was to accelerate international growth (Poland, Spain, Germany, Italy) and technical specialization.
KILOUTOU, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).
-> Deep-dive in Business Services market trends
Target
Kiloutou is the second-largest equipment rental company in France and a top-tier player in the European market. Founded in 1980 by Franky Mulliez, the group has evolved from a local challenger into a diversified international giant, recognized for its strong brand identity, high service standards, and aggressive pan-European expansion strategy.
Ent. Value
€1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with KILOUTOU
Other operations with KILOUTOU
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2026 | KILOUTOU | KDM HIRE | IRELAND | Equipment Rental |
| 06/2025 | KILOUTOU | FROID LOC SERVICES (FLS) | FRANCE | Equipment Rental |
| 03/2022 | KILOUTOU | GSV (GRØNVOLD & SCHOU VESTERGAARD) | DENMARK | Equipment Rental |
| 12/2021 | KILOUTOU | AB MATERIELS | FRANCE | Equipment Rental |
| 01/2021 | KILOUTOU | SALMAT | FRANCE | Equipment Rental |
| 02/2020 | KILOUTOU | LOCAMODUL | FRANCE | Equipment Rental |
| 10/2018 | KILOUTOU | MICHAUD LOCATION | FRANCE | Equipment Rental |
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2018 | CINVEN | JLA | UNITED KINGDOM | Equipment Rental |
| 04/2018 | EUROFINS SCIENTIFIC | COVANCE FOOD SOLUTIONS | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 12/2017 | EUROFINS SCIENTIFIC | EAG LABORATORIES | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 11/2017 | OMERS | TRESCAL | FRANCE | TIC (Testing, Inspection, Certification) |
| 10/2017 | PARQUEST CAPITAL | GROUPE ASERTI | FRANCE | Industrial Services |
| 10/2017 | TRITON PARTNERS | UNICA | NETHERLANDS | Multi-technical Installation |
| 08/2017 | UNITED RENTALS | NEFF | UNITED STATES | Equipment Rental |
| 06/2017 | PARQUEST CAPITAL | ACCES INDUSTRIE | FRANCE | Equipment Rental |
| 06/2017 | ELEMENT MATERIALS TECHNOLOGY | EXOVA GROUP | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 05/2017 | ADVENT INTERNATIONAL | IPH GROUP | FRANCE | Industrial & Technical Distribution |
Other operations with HLD
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | HLD | ENTORIA | FRANCE | Brokerage |
| 02/2023 | HLD | INFODIS | FRANCE | Consulting & Integration |
| 09/2022 | HLD | GROUPE VILAVI | FRANCE | Brokerage |
| 07/2021 | HLD | JIMMY FAIRLY | FRANCE | Fashion & Apparel |
| 08/2020 | HLD | MICROWAVE VISION (MVG) | FRANCE | Instrumentation & Measurement |
| 06/2020 | HLD | TSG (TECHNICAL SERVICES GROUP) | FRANCE | Electrical |
REFERENCES
Valuation range: EV €1–10bn
Revenue range: €1–10bn
EBITDA range: €150–250M
EV/Revenue range: 1x - 3x
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 KILOUTOU by HLD 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: kiloutou
Acquirer: hld