mynth
10/2024

PARIS MATCH acquired by LVMH

FRANCE Media & Internet / Content & Publishing EV 100M - 350M EUR

Context

LVMH Moët Hennessy Louis Vuitton has completed the acquisition of the iconic weekly magazine Paris Match from the Lagardère group. This transaction represents the culmination of a long-held ambition for LVMH's Chairman and CEO, Bernard Arnault, who has publicly expressed his deep admiration for the magazine, viewing it as a significant piece of French cultural heritage and a premium brand. The deal followed high-level, discrete negotiations between the Arnault family and the Bolloré family, who are the controlling shareholders of Vivendi, Lagardère's parent company. For LVMH, the acquisition is a strategic move to add a prestigious media asset to its portfolio of luxury houses. The group plans to leverage its global expertise and resources to foster Paris Match's growth, particularly in accelerating its digital transformation and international development. For the seller, Lagardère, the divestiture is part of a strategic realignment following its integration into Vivendi, allowing the company to focus on other media properties within its portfolio. The transaction provides Paris Match with a new, well-capitalized owner committed to preserving its journalistic legacy while steering it toward future innovation and expansion in the evolving media landscape. The magazine is set to operate as a distinct 'Maison' within the LVMH group.

The acquisition of Paris Match is part of the growth strategy of Lvmh, which already has several external growth operations under its belt, notably L'EpéE 1839 in 2024.

PARIS MATCH, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

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

Paris Match is an iconic French-language weekly news and celebrity magazine. Founded on March 25, 1949, it has established itself as a cornerstone of French photojournalism, operating under the famous motto, "Le poids des mots, le choc des photos" (The weight of words, the shock of photos). The publication covers a wide range of topics, including major national and international news, political affairs, celebrity profiles, and royal families, often referred to as "the family album of the French." It is renowned for its high-quality photography and in-depth reporting, which have chronicled significant historical and cultural events for generations of readers. In addition to its print edition, Paris Match maintains a significant digital presence, adapting its content for online audiences through its website and social media platforms. The magazine's brand carries a global aura, recognized for its distinctive style and its role in shaping public discourse in France and beyond. According to the Alliance pour les chiffres de la presse et des médias, its paid circulation in France was approximately 450,000 copies in 2023. The publication continues to be a prominent voice in the European media landscape, known for its exclusive interviews and powerful visual storytelling.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue 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 PARIS MATCH by LVMH 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).

Press release: view release

Target: paris match

Acquirer: lvmh