LE ROY LOGISTIQUE acquired by NCI
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)
Similar deals in Transport & Logistics
Similar deals in Transport & Logistics
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2022 | IDIA CAPITAL INVESTISSEMENT / BPIFRANCE / SOFIPACA | VECTORYS | FRANCE | Road Freight |
| 05/2022 | DFDS | PRIMERAIL | GERMANY | Freight Transport |
| 01/2022 | CFTR (COMPAGNIE FRANCAISE DES TRANSPORTS REGIONAUX) | AUTOCARS MAISONNEUVE | FRANCE | Bus & Coach |
| 01/2022 | CMA-CGM | COLIS PRIVE | FRANCE | Last Mile Delivery |
| 12/2021 | BASALT INFRASTRUCTURE PARTNERS | NOBINA | SWEDEN | Bus & Coach |
| 10/2021 | TIKEHAU CAPITAL | GROUPE STERNE | FRANCE | Road Freight |
| 09/2021 | DFDS | ICT LOGISTICS | DENMARK | Freight Forwarding |
| 09/2021 | DFDS | HSF LOGISTICS GROUP | NETHERLANDS | Road Freight |
| 08/2021 | MAERSK (A.P. MOLLER - MAERSK) | B2C EUROPE | NETHERLANDS | Last Mile Delivery |
| 04/2021 | AQUASOURCA | GROUPE ASTR IN | FRANCE | Freight 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