LA COMPAGNIE DU GOLFE ET DE LA NAVIGATION acquired by AMDG PE
Context
The maritime group La Compagnie du Golfe et de la Navigation (CGN), which owns the iconic brands Les Bateaux Verts and Vedettes Iles d'Or, completes a new LBO ("LBO Bis"). The founder and CEO, Denis Robert, reorganizes the capital structure by bringing in AMDG Private Equity as a strategic partner, alongside Smalt Capital. This operation allows the exit of previous financial backers and provides the group with resources to accelerate its energy transition (hybridization of the fleet) and consolidate its leadership in the Var tourism market.
LA COMPAGNIE DU GOLFE ET DE LA NAVIGATION, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).
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Target
A leading maritime transport group in the French Riviera (Var), formed by Denis Robert. It operates two major entities: Les Bateaux Verts (regular shuttles in the Gulf of Saint-Tropez) and VedettesIles d'Or (excursions to Porquerolles/Port-Cros from Le Lavandou). The group manages a fleet of approx. 35 vessels.
Ent. Value
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Historical Financials (EUR)
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|---|---|---|---|---|
| 10/2024 | FRANCE EUROPE TRANSPORTS RAPIDES (FETR) | DUCAMIN | FRANCE | Road Freight |
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| 04/2024 | STELLANTIS | 2L LOGISTICS | FRANCE | Road Freight |
| 04/2024 | INFRANITY | TRANSARC | FRANCE | Bus & Coach |
| 11/2023 | ACEH (TRANSPORTS CHEMINAL) | TRANSPORTS DU VIVARAIS (TDV) | FRANCE | Road Freight |
| 10/2023 | IRD INVEST | GROUPE COQUELLE | FRANCE | Road Freight |
| 10/2023 | THE CARLYLE GROUP | LOCABOX | FRANCE | Warehousing / 3PL |
| 07/2023 | CREDIT MUTUEL EQUITY / BNP PARIBAS DEVELOPPEMENT | DIMOTRANS | FRANCE | Freight Transport |
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REFERENCES
Revenue range: 5M - 25M EUR
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Acquirer: amdg pe