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03/2021

PROVALLIANCE acquired by CORE EQUITY HOLDINGS

FRANCE Retail / Specialized Retail / Beauty & Cosmetics EV 500M - 1.5b EUR

Context

Core Equity Holdings entered into exclusive negotiations to acquire a majority stake (~54%) in Provalliance. Franck Provost and his family, who had regained full control after Chequers Capital's exit in 2017, will retain the remaining ~46% of the capital. The transaction follows discussions initiated in 2019 but delayed by the COVID-19 pandemic. The deal is structured to support an aggressive external growth strategy (including a bid for competitor Dessange International) and the expansion of the Bleu Libellule distribution network. The financing relies on renegotiating the existing bank debt.

PROVALLIANCE, 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 Retail & Consumer sector (11.0x).

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

Provalliance is the leading European hair salon group and the second largest globally. It owns iconic brands such as Franck Provost, Jean Louis David, Saint Algue, and Maniatis Paris. The group operates a network of nearly 3,500 salons (including 900 directly owned) across 35 countries. It also has a fast-growing distribution division for professional beauty products, "Bleu Libellule," which accounts for ~25% of revenue.

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

EBITDA 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 PROVALLIANCE by CORE EQUITY HOLDINGS 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).

Target: provalliance

Acquirer: core equity holdings