At what enterprise value was PIGUY GOLF CHALLENGE acquired in 2020?

During the acquisition of PIGUY GOLF CHALLENGE by INSPIRING GROUP CAPITAL in 2020, the transaction's Enterprise Value is estimated to be in the range of €0–15M.

What was the EV/EBITDA of PIGUY GOLF CHALLENGE when it was acquired by INSPIRING GROUP CAPITAL?

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

What was the EV/Revenue multiple of PIGUY GOLF CHALLENGE when it was acquired by INSPIRING GROUP CAPITAL?

The estimated EV/Revenue multiple for PIGUY GOLF CHALLENGE is in the range of below 1.5x.

What was the revenue of PIGUY GOLF CHALLENGE at the time of the deal?

The revenue of PIGUY GOLF CHALLENGE at the time of the deal is estimated to be in the range of €5–25M.

What was the EBITDA of PIGUY GOLF CHALLENGE during the acquisition?

PIGUY GOLF CHALLENGE's EBITDA is estimated to be in the range of €0–5M.

How is the data for the PIGUY GOLF CHALLENGE 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 PIGUY GOLF CHALLENGE 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://capitalfinance.lesechos.fr/deals/capital-developpement/inspiring-sport-capital-prend-les-commandes-de-piguy-golf-challenge-1255884

What is the average EV/EBITDA multiple for the Retail & Consumer sector in 2026?

The average EV/EBITDA multiple for the Retail & Consumer sector in 2026 is 11.9x.

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Home Database Retail & ConsumerPIGUY GOLF CHALLENGE

10/2020

PIGUY GOLF CHALLENGE acquired by INSPIRING GROUP CAPITAL

FRANCE Retail / Specialized Retail / Sport EV €0–15M

Context

Inspiring Sport Capital acquired a majority equity stake in Piguy Golf Challenge, buying out the previous financial holding companies. The current operational management team retained a minority stake in the company to ensure continuity and alignment of interests. This acquisition serves as the platform investment for a broader "Buy-and-Build" strategy in the European golf distribution market. The new shareholders aim to accelerate the company's digital transformation by implementing a B-to-B-to-C model (enabling pro shops to sell online via Piguy's inventory) and to pursue external growth opportunities to consolidate the fragmented European market.

PIGUY GOLF CHALLENGE, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Retail & Consumer sector (11.9x).

-> Deep-dive in Retail & Consumer market trends

Target

Piguy Golf Challenge is a specialized B2B distributor of golf equipment and accessories. The company acts as a key intermediary between major international golf brands and the fragmented network of retail points, including on-course "pro shops," specialized golf stores, and large sports retailers.

Ent. Value

€0–15M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2019

2018

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REFERENCES

Valuation range: EV €0–15M

Revenue range: €5–25M

EBITDA range: €0–5M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PIGUY GOLF CHALLENGE by INSPIRING GROUP CAPITAL 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.