At what enterprise value was LINXIS GROUP acquired in 2022?

During the acquisition of LINXIS GROUP by HILLENBRAND in 2022, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LINXIS GROUP when it was acquired by HILLENBRAND?

The estimated EV/EBITDA multiple for LINXIS GROUP is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was LINXIS GROUP acquired by HILLENBRAND?

LINXIS GROUP was acquired by HILLENBRAND in 2022.

What was the revenue of LINXIS GROUP at the time of the deal?

The revenue of LINXIS GROUP at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LINXIS GROUP during the acquisition?

LINXIS GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the LINXIS GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the LINXIS GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/sortie/linxis-group-passera-sous-pavillon-americain-pour-572-m-1777853

← DATABASE

Home Database Industry & ManufacturingLINXIS GROUP

07/2022

LINXIS GROUP acquired by HILLENBRAND

FRANCE Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV 500M - 1.5b EUR

Context

IK Partners agreed to sell Linxis Group to Hillenbrand The transaction represents a full exit for the sponsor, which had initially acquired the group from Cerea Partners in July 2017 and subsequently disposed of its dairy‑focused division to the same seller later in 2018. The strategic rationale is anchored in industrial and geographic complementarity. Linxis brings a strong position in food‑processing and bakery equipment, with a global footprint that now includes roughly 40% of sales in North America and just under 45% in Europe. Its product portfolio and aftermarket services align closely with Hillenbrand’s Advanced Process Solutions segment, allowing the acquirer to extend its offering into adjacent parts of the food‑processing value chain while leveraging Linxis’s European manufacturing base and technical know‑how. The deal also supports Hillenbrand’s ambition to reach about USD 1.5 billion in revenue for its Advanced Process Solutions division.

Ik Partners had previously taken control of the company during an LBO in 2017.

LINXIS GROUP, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

Target

Linxis Group, formerly known as Bretèche Industrie, is a French manufacturer of industrial machinery for the food industry, headquartered in France and specialized in mixing, blending, and dosing solutions for the agro‑food value chain. The group primarily serves industrial bakeries, dairy and cheese producers, and broader food‑processing companies, providing integrated lines that ensure product consistency, throughput, and repeatability in high‑volume environments. Its core equipment portfolio covers kneading and mixing systems, feeders, and downstream handling solutions tailored to complex food‑processing workflows, through its various specialized brands (Shick, Shaffer, Unifiller). Over recent years, Linxis has strengthened its value proposition by expanding its service mix, improving procurement efficiency, and investing in a French industrial site to enhance productivity and quality. This shift has supported higher operational margins while reinforcing its role as a long‑term partner in industrial food‑processing infrastructure.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Other operations with LINXIS GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
10/2017	IK PARTNERS	LINXIS GROUP	FRANCE	Industrial Equipment	The acquisition of Bretèche Industrie (now LINXIS GROUP)by IK Investment Partners represents a major turning point in the group’s trajectory, marking the end of a successful investment cycle under Equistone Partners Europe. The strategic rationale for this transaction centers on an "international-consolidation" play, merging the target's industry-leading technical operational depth in specialized machinery with the sponsor's extensive expertise in cross-border scaling and buy-and-build execution. This structural alignment provides the organization with the scientific talent and logistical hardware required to address the increasing demand for automated food and pharmaceutical processing lines.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LINXIS GROUP by HILLENBRAND are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: hillenbrand