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10/2017

LINXIS GROUP acquired by IK PARTNERS

FRANCE Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV €300–700M

Context

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.

LINXIS GROUP, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).

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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

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
€250–500M
€25–50M
[members only]
2016
€250–500M
€25–50M
[members only]

Other operations with LINXIS GROUP

Other operations with LINXIS GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2022HILLENBRANDLINXIS GROUPFRANCEFood & Beverage Lines

REFERENCES

Valuation range: EV €300–700M

Revenue range: €250–500M

EBITDA range: €25–50M

EV/Revenue range: 1x - 3x

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 LINXIS GROUP by IK PARTNERS 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.

Acquirer: ik partners