At what enterprise value was MILLBROOK acquired in 2020?

During the acquisition of MILLBROOK by UTAC CERAM in 2020, 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 100M - 350M 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 Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MILLBROOK when it was acquired by UTAC CERAM?

The estimated EV/EBITDA multiple for MILLBROOK is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was MILLBROOK acquired by UTAC CERAM?

MILLBROOK was acquired by UTAC CERAM in 2020.

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

The revenue of MILLBROOK at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MILLBROOK during the acquisition?

MILLBROOK's EBITDA is estimated to be in the range of 5M - 25M 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 MILLBROOK 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 MILLBROOK 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://www.eurazeo.com/sites/default/files/infos-reglementees/01022021-CP-UTACMILLBROOK-Closing-FR-1.pdf

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Home Database Business ServicesMILLBROOK

12/2020

MILLBROOK acquired by UTAC CERAM

UNITED KINGDOM Industrial Services / TIC (Testing, Inspection, Certification) EV 100M - 350M EUR

Context

Utac Ceram acquired 100% of Millbrook from the British group Spectris. This transformative transaction, signed shortly after the acquirer's secondary LBO, allowed the group to double its size in terms of both revenue and headcount. The strategic rationale is centered on creating the most comprehensive vehicle testing and validation offering in the European market by combining the acquirer's autonomous vehicle expertise with the target's electric vehicle testing capabilities. Geographically, the merger provides a balanced footprint for both hot and cold weather testing and strengthens the group's position with international manufacturers, particularly through shared teams in China and the United States. Financing for the operation was secured as part of the group's recent leveraged buyout.

MILLBROOK, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

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

Established as a leading British specialist in vehicle testing and validation, Millbrook provides comprehensive engineering services for the automotive industry. It operates several major proving grounds and testing facilities in the United Kingdom, the United States, and Northern Finland, specializing in cold-weather track testing. The company is particularly recognized for its advanced expertise in electric vehicle (EV) testing and powertrain development. With a workforce of approximately 700 employees, it serves a global client base of automotive manufacturers and suppliers, offering specialized capabilities in crash testing, emissions, and safety validation across various environmental conditions.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MILLBROOK by UTAC CERAM 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).