ONE EQUITY PARTNERS takes majority stake in CLAYENS GROUP
Context
The acquisition of a majority stake in Clayens Group by One Equity Partners marks the exit of the previous majority shareholder, Siparex, which alongside existing co-investors and the incumbent management team led by CEO Eric Pisani, will reinvest as minority partners to maintain corporate continuity. Under Siparex’s stewardship since 2019, the group scaled its operations from €273 million to over €350 million in trailing twelve-month revenue, primarily driven by the execution of four strategic add-on acquisitions that expanded its geographic and technological footprint. The transition of ownership to One Equity Partners is timed to capitalize on macro-driven industrial re-shoring trends, as multinational OEMs shift production volumes from China back to European and North American manufacturing hubs amid increasing supply chain constraints. Moving forward, the post-acquisition operational agenda focuses on accelerating Clayens' transition from a regional European champion into a global outsourced manufacturing platform by leveraging One Equity Partners' capital and pipeline in North America to execute cross-Atlantic transformational combinations. The immediate growth strategy prioritizes scaling existing facilities in North America and Eastern Europe, increasing utilization across the 25 operational sites, and pursuing target acquisitions to broaden specialized technical capabilities in high-margin sectors such as medical and aerospace components.
In the past, the company underwent an LBO led by Siparex in 2019, and continued an active consolidation strategy by notably acquiring Psb Industries (2020).
CLAYENS GROUP, which reported an EBITDA margin of in 2021, 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 in Genas, France, Clayens Group is an outsourced contract manufacturer specializing in high-performance polymers, advanced composites, and precision metals. The company operates a manufacturing footprint of 25 facilities across Europe, North Africa, and North America, delivering high-specification components processed through thermoplastic and thermoset injection, metalloplastics, and precision metal machining. Revenue is generated from blue-chip multinational original equipment manufacturers and tier-1 suppliers in the aerospace, automotive, healthcare, electronics, and construction sectors. Client engagements are structured under multi-year procurement agreements tied directly to individual customer product lifecycles, with initial customer acquisition locked in during early-stage collaborative research and development and rigorous technical component qualification phases.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with CLAYENS GROUP
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2020 | CLAYENS GROUP | PSB INDUSTRIES (HEALTHCARE & INDUSTRY) | FRANCE | Plastics |
| 08/2019 | SIPAREX | CLAYENS GROUP | FRANCE | Plastics |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 250M - 500M EUR
EBITDA range: 25M - 50M EUR
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Press release: view release
Target: clayens group
Acquirer: one equity partners