Agic Capital takes majority stake in Pure Trade Worldwide

FRANCE Chemicals & Materials / Packaging & Containers EV €100–350M

Context

AGIC Capital acquired a majority stake in Pure Trade from Sparring Capital, which had held the investment since February 2020. During Sparring's holding period, the group demonstrated strong resilience through the Covid crisis and expanded its global footprint with offices in Paris, Barcelona, Hong Kong, Shenzhen, Shanghai, and New York. The transaction is designed to support the next phase of international development, particularly in the US and Asia, as the group targets €90M in revenue for 2023. CEO and Founder Stefane Ladous, along with the existing management team, reinvested in the transaction to drive continued growth.

Pure Trade Worldwide, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Industry & Manufacturing sector (11.1x in 2023).

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded in 1996, Pure Trade is a prominent player in the market for high-end promotional products and packaging specifically tailored for luxury cosmetic and perfume brands. The group operates a "fabless" business model, leveraging an extensive international network of certified suppliers to offer flexible, eco-friendly, and innovative designs. Its client roster includes prestigious names such as Dior, Guerlain, YSL, and Armani. Headquartered in Paris, the company has a global presence with offices in New York, Hong Kong, London, and Barcelona.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

Other operations with Pure Trade Worldwide

Other operations with Pure Trade Worldwide
Date	Acquirer	Target	Country	Sector
03/2020	SPARRING CAPITAL	PURE TRADE WORLDWIDE	FRANCE	Packaging & Containers
05/2015	INITIATIVE & FINANCE / ISATIS CAPITAL	PURE TRADE WORLDWIDE	FRANCE	Packaging & Containers

Similar deals in Chemicals & Materials

Similar deals in Chemicals & Materials
Date	Acquirer	Target	Country	Sector
09/2023	MELLBY GÅRD	DUNI GROUP	SWEDEN	Paper & Cardboard
08/2023	APOLLO GLOBAL MANAGEMENT / IRENIC CAPITAL	ARCONIC	UNITED STATES	Metallurgy / Foundry
07/2023	MICHELIN	FLEX COMPOSITE GROUP	FRANCE	Plastics
05/2023	ARKEMA	POLYTEC PT	GERMANY	Plastics
05/2023	TRAJAN	ESSENCES & PARFUMS	FRANCE	Flavors & Fragrances
04/2023	TIKEHAU CAPITAL / SAFRAN / AIRBUS	AUBERT & DUVAL	FRANCE	Metallurgy / Foundry
04/2023	STIRLING SQUARE CAPITAL	TAPÌ	ITALY	Packaging & Containers
03/2023	AIMIA / PALADIN PRIVATE EQUITY	GIOVANNI BOZZETTO	ITALY	Specialty Chemicals
02/2023	HOLCIM GROUP	DURO-LAST	UNITED STATES	Construction Materials
12/2022	COMPASS GROUP EQUITY PARTNERS	MEARTHANE PRODUCTS CORPORATION	UNITED STATES	Plastics

REFERENCES

Valuation range: EV €100–350M

Revenue range: €50–100M

EV/Revenue range: 1x - 3x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Pure Trade Worldwide by Agic 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.

Target: pure trade worldwide

Acquirer: agic capital

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Pure Trade Worldwide, a French company specialised in Packaging & Containers, by Agic Capital in 2023, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in March 2020, when the company was acquired by Sparring Capital.

How was the acquisition of Pure Trade Worldwide by Agic Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What was Pure Trade Worldwide’s revenue at the time of the deal?

At the time of the transaction, Pure Trade Worldwide’s annual revenue was estimated within the €50–100M range (FY 2023). Detailed financial figures are available to members.

How does the valuation of Pure Trade Worldwide compare to benchmarks in the Industry & Manufacturing sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.1x EBITDA during 2023.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.