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03/2022

LE ROY LOGISTIQUE acquired by NCI

FRANCE Transport & Logistics / Logistics EV €100–350M

Context

Le Roy Logistique executes a Management Buy-Out (MBO) allowing its management team to take control of the company. The historical shareholders (the Le Roy family and Groupe Alian) are exiting. The transaction is backed by a pool of regional financial investors led by NCI, aiming to support the group's "Destination 2026" strategic plan, which targets doubling revenues through organic growth and acquisitions.

LE ROY LOGISTIQUE, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Business Services sector (11.4x).

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Target

A French transport organizer and logistics provider. The group operates over 20 sites nationwide, offering supply chain solutions ranging from freight forwarding and warehousing to co-packing and e-commerce logistics.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
€100–200M
€5–25M
[members only]
2020
€100–200M
€5–25M
[members only]

Similar deals in Transport & Logistics

Similar deals in Transport & Logistics

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2022IDIA CAPITAL INVESTISSEMENT / BPIFRANCE / SOFIPACAVECTORYSFRANCERoad Freight
05/2022DFDSPRIMERAILGERMANYFreight Transport
01/2022CFTR (COMPAGNIE FRANCAISE DES TRANSPORTS REGIONAUX)AUTOCARS MAISONNEUVEFRANCEBus & Coach
01/2022CMA-CGMCOLIS PRIVEFRANCELast Mile Delivery
12/2021BASALT INFRASTRUCTURE PARTNERSNOBINASWEDENBus & Coach
10/2021TIKEHAU CAPITALGROUPE STERNEFRANCERoad Freight
09/2021DFDSICT LOGISTICSDENMARKFreight Forwarding
09/2021DFDSHSF LOGISTICS GROUPNETHERLANDSRoad Freight
08/2021MAERSK (A.P. MOLLER - MAERSK)B2C EUROPENETHERLANDSLast Mile Delivery
04/2021AQUASOURCAGROUPE ASTR INFRANCEFreight Transport

REFERENCES

Valuation range: EV €100–350M

Revenue range: €100–200M

EBITDA range: €5–25M

EV/Revenue range: below 1.5x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LE ROY LOGISTIQUE by NCI 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: le roy logistique

Acquirer: nci