LBO France takes majority stake in Materis
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)
Other operations with Materis
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2006 | WENDEL | MATERIS | LUXEMBOURG | Construction Materials |
Other operations with LBO France
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2021 | LBO FRANCE | ALLIANCE MARINE | FRANCE | Sport |
| 11/2020 | LBO FRANCE / ANDERA PARTNERS | PRENAX GROUP | SWEDEN | BPO & Outsourcing |
| 03/2020 | LBO FRANCE | DUTSCHER | FRANCE | Medical Consumables |
| 03/2019 | LBO FRANCE | INFODIS | FRANCE | Consulting & Integration |
| 03/2019 | LBO FRANCE | GROUPE PASSMAN | FRANCE | IT Equipment |
| 12/2017 | LBO FRANCE | CROUZET | FRANCE | Sensors & Optics |
| 04/2015 | LBO FRANCE | IKKS GROUP | FRANCE | Fashion & Apparel |
| 10/2010 | LBO FRANCE | MATERNE-MONTBLANC (MOM GROUP) | FRANCE | Food Products |
| 04/2007 | APAX PARTNERS / LBO FRANCE | MAISONS DU MONDE | FRANCE | Home & DIY |
| 06/2005 | LBO FRANCE | ACTARIS | FRANCE | Instrumentation & Measurement |
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|---|---|---|---|---|
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| 01/2010 | OAKTREE CAPITAL MANAGEMENT | VERESCENCE | FRANCE | Glass Packaging |
| 10/2006 | ARDIAN | GERFLOR | FRANCE | Flooring |
| 01/2006 | WENDEL | MATERIS | LUXEMBOURG | Construction Materials |
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.
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