At what enterprise value was MANNOK acquired in 2024?

During the acquisition of MANNOK by CIMSA in 2024, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of MANNOK when it was acquired by CIMSA?

The estimated EV/EBITDA multiple for MANNOK is in the range of 5x - 12x.

When was MANNOK acquired by CIMSA?

MANNOK was acquired by CIMSA in 2024.

What was the revenue of MANNOK at the time of the deal?

The revenue of MANNOK at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of MANNOK during the acquisition?

MANNOK's EBITDA is estimated to be in the range of 25M - 50M EUR.

How is the data for the MANNOK 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 MANNOK 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://constructionnews.ie/mannok-cimsa-acquisition/

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingMANNOK

08/2024

MANNOK acquired by CIMSA

IRELAND Chemicals & Materials / Construction Materials EV 300M - 700M EUR

Context

Cimsa acquired a 94.7% majority stake in Mannok while the local management team retained a 5.3% minority interest to ensure continuity. The transaction provides an exit for the consortium of US hedge funds (led by Brigade Capital Management) that had owned the business since its receivership in 2014. Cimsa intends to use Mannok as its "growth hub" for the UK and Irish markets, leveraging Sabancı's financial power to accelerate Mannok's decarbonization and sustainability initiatives.

MANNOK, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Headquartered on the border between Northern Ireland and the Republic of Ireland, Mannok (Formerly known as Quinn Corporate Holdings) is a diversified Corporate manufacturer employing over 800 people. It operates two primary divisions: Building Products (manufacturing cement, PIR insulation, roof tiles, and precast concrete) and Packaging (producing rigid plastic containers for the food industry).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

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2023

2022

Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2024	TEXEN	QUADPACK INDUSTRIES	SPAIN	Packaging & Containers
10/2024	ASTORG	LEBRONZE ALLOYS	FRANCE	Metallurgy / Foundry
07/2024	FLORAC / CEREA PARTNERS / UNIGRAINS	LABELYS	FRANCE	Labels & Adhesives
07/2024	CEREA PARTNERS	ISNARD GROUPE	FRANCE	Flavors & Fragrances
07/2024	AXALTA COATING SYSTEMS	COVERFLEXX	UNITED STATES	Paints & Coatings
06/2024	BLACKSTONE	SEDIVER	FRANCE	Glass & Ceramics
06/2024	SONOCO PRODUCTS COMPANY	EVIOSYS	SWITZERLAND	Metal Packaging
05/2024	THE NAVIGATOR COMPANY	ACCROL GROUP	UNITED KINGDOM	Paper
05/2024	AXIOM GROUPE	OSMEA	FRANCE	Wood Packaging
05/2024	GERRESHEIMER	BLITZ LUXCO	ITALY	Packaging & Containers

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MANNOK by CIMSA 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: mannok