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05/2016

MAISONS DU MONDE went public

FRANCE Retail / Specialized Retail / Home & DIY EV 1b - 4b EUR

Context

Maisons du Monde successfully completed its initial public offering (IPO) on Euronext Paris in May 2016, marking a key milestone in the group's evolution following several leveraged buyout (LBO) cycles. The transaction was structured as a global offering, combining a new share issue and a sale of existing shares by historical financial shareholders, including Bain Capital. The IPO raised approximately €330 million, with a fixed price of €17 per share, resulting in a market capitalization of around €769 million at the time of listing. The deal's structure was based on a balanced allocation of approximately €160 million in primary proceeds, intended to strengthen the company's balance sheet and reduce debt, and around €170 million in secondary proceeds, allowing for partial liquidity for existing investors. This transaction provides Maisons du Monde with a more solid financial foundation to accelerate its growth, while enabling shareholder funds to secure a gradual exit in favorable market conditions. The success of the operation reflects the attractiveness of the group's omnichannel model, positioned in the accessible furniture and home decor market, combining physical retail and e-commerce.

In the past, the company had already been the subject of several LBOs, notably led by Apax Partners / Lbo France in 2007 and Bain Capital in 2013. These multiple LBO cycles illustrate the strong appeal for this type of asset.

MAISONS DU MONDE, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

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.

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Target

Founded in 1996 by Xavier Marie, Maisons du Monde is a specialty retailer of home decor and furniture, catering to the mass market across all areas of the home. The company has developed a unique concept that combines international inspiration, frequent collection updates, and affordable pricing, enabling it to appeal to a broad customer base seeking diverse decorative styles. The brand offers a highly diversified range of products, including furniture, decorative items, textiles, and accessories for both indoor and outdoor spaces. Its business model is built on a strong international sourcing capability and a curated selection of products inspired by global trends, which are regularly refreshed to maintain a high level of in-store appeal. This approach sets Maisons du Monde apart from more traditional players in the furniture sector.

Ent. Value

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Multiples

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Historical Financials (EUR)

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Other operations with MAISONS DU MONDE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
06/2013BAIN CAPITALMAISONS DU MONDEFRANCERetail

The transaction marks the sale of Maisons du Monde to Bain Capital, following a competitive process involving several private equity players, including Axa Private Equity and PAI Partners. LBO France, Apax Partners, and NiXEN Partners, which had held a stake in the group since the secondary LBO in 2008, are divesting their interest in this deal, while management retains a significant stake to ensure strategic and operational continuity

04/2007APAX PARTNERS / LBO FRANCEMAISONS DU MONDEFRANCERetail

Apax Partners and LBO France have formed a 50-50 consortium to acquire Maisons du Monde through a secondary leveraged buyout (LBO), following a competitive sale process. The transaction allows the two funds to take control of approximately 70% of the French home furnishings and decoration specialist's equity, succeeding the previous investor duo of Barclays Private Equity and Ixen, which had supported the company's initial growth phase

06/2005BARCLAYS PRIVATE EQUITY / NATEXIS INDUSTRIEMAISONS DU MONDEFRANCERetail

The transaction involves a joint acquisition of Maisons du Monde by Barclays Private Equity and Natexis Industrie through a management buyout (MBO), with the goal of supporting the company's next phase of growth

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M 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 MAISONS DU MONDE by PUBLIC MARKETS (IPO) 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).

Target: maisons du monde