Equinox acquired a 60% majority stake in MIGAL Group. The transaction was structured as a partnership with the founding family, who reinvested significantly to retain a 40% minority stake and continue leading the operational management. The deal creates a platform to accelerate international growth, particularly in the US, Canada, and UK markets. It also establishes a war chest for external growth, with the aim of acquiring complementary players in the forging and machining industry.

MIGAL GROUP, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 10.5x average currently observed in the Industry & Manufacturing sector.

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