mynth
09/2003MajorityLBO

LBO France takes majority stake in Materis

LUXEMBOURG Chemicals & Materials / Construction Materials EV €1–10bn

Context

The transaction involves the sale of Materis, a leading industrial player in the construction materials and technical solutions for the building sector. This deal is part of the exit strategy of the company's historical financial shareholders, The Carlyle Group, CVC Capital Partners, and Advent International, who had supported Materis' transformation and development into an integrated industrial platform. The sale process was structured as an international competitive bidding process, attracting several European and American private equity firms. LBO France was selected as the final buyer, leveraging its expertise as a private equity firm specializing in the acquisition of industrial assets and mature companies. The transaction was structured with the support of ING, acting as the financing arranger and contributing to the setup of a financing package combining various financial instruments and equity.

Materis, which reported an EBITDA margin of [members only] in 2002, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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Target

Materis is a leading industrial player specializing in construction materials and building solutions. The group develops and manufactures a range of technical materials for sector professionals, covering multiple complementary segments. Its activities focus on concrete admixtures, calcium aluminates, industrial mortars, decorative paints, and refractory products used in high-temperature environments. This diversified portfolio enables the company to cater to a wide range of needs, from new construction to renovation, as well as demanding industrial applications. The company leverages its strong expertise in materials chemistry and formulation, with a performance-driven approach emphasizing product durability and resistance. Materis operates multiple production sites and technical centers, facilitating the development of tailored solutions that meet local constraints and building market standards. With a presence in numerous countries, the group serves a customer base primarily comprising professionals, including industrial companies, construction firms, and specialized distributors. Materis' business model is built on proximity to local markets, adapting formulations to regional needs, and providing technical support to users on-site. This multi-disciplinary approach allows the company to intervene across the entire construction materials value chain, delivering comprehensive solutions to its customers.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2002
€1–10bn
€150–250M
[members only]
2001
€1–10bn
€150–250M
[members only]

Other operations with Materis

Other operations with Materis
DateAcquirerTargetCountrySector
01/2006WENDELMATERISLUXEMBOURGConstruction Materials

Other operations with LBO France

Other operations with LBO France
DateAcquirerTargetCountrySector
12/2021LBO FRANCEALLIANCE MARINEFRANCESport
11/2020LBO FRANCE / ANDERA PARTNERSPRENAX GROUPSWEDENBPO & Outsourcing
03/2020LBO FRANCEDUTSCHERFRANCEMedical Consumables
03/2019LBO FRANCEINFODISFRANCEConsulting & Integration
03/2019LBO FRANCEGROUPE PASSMANFRANCEIT Equipment
12/2017LBO FRANCECROUZETFRANCESensors & Optics
04/2015LBO FRANCEIKKS GROUPFRANCEFashion & Apparel
10/2010LBO FRANCEMATERNE-MONTBLANC (MOM GROUP)FRANCEFood Products
04/2007APAX PARTNERS / LBO FRANCEMAISONS DU MONDEFRANCEHome & DIY
06/2005LBO FRANCEACTARISFRANCEInstrumentation & Measurement

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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €1–10bn

EBITDA range: €150–250M

EV/Revenue range: below 1.5x

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 Materis by LBO France 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.

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Materis, a Luxembourgish company specialised in Construction Materials, by LBO France in 2003, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Wendel in January 2006 (see the dedicated deal page for details).

How was the acquisition of Materis by LBO France valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Materis’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Materis generated annual revenue estimated in the €1–10bn range and EBITDA in the €150–250M bracket (FY 2002). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is supported by three corroborating sources: an official corporate announcement published by the parties, independent reporting from specialized financial publications, as well as a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

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