LABELYS acquired by FLORAC, CEREA PARTNERS & UNIGRAINS
Context
Labelys organized a new buy-out to welcome Florac, Cerea, and Unigrains as new shareholders. The management team maintains a significant minority stake (~40% slightly diluted). The primary objective of this EUR200M equity injection is to finance a new wave of acquisitions across Europe. The financing package includes a senior debt and a Tranche C (private debt), with a leverage kept below 4x EBITDA, providing the group with a robust M&A "war chest" to reach EUR350M+ in revenue by 2028.
LABELYS, 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 Industry & Manufacturing sector (11.6x).
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Target
Founded as a spin-off from the printer CPI, Labelys is a European leader in the design and manufacturing of high-quality self-adhesive labels. The group serves a diversified and premium client base across sectors such as Cosmetics, Food & Beverage (Wine & Spirits), E-commerce, and Industry. With 1,000 employees and 19 production sites across Southern Europe, Labelys specializes in complex printing techniques and specialized materials, offering critical branding and regulatory solutions for global and regional brands.
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: cerea partners / florac / unigrains