PURE TRADE WORLDWIDE acquired by SPARRING CAPITAL
Context
Sparring Capital acquired a majority stake in Pure Trade alongside the management team. The transaction marked the first deployment of the Sparring Capital Fund 2. The partnership was strictly engineered to accelerate Pure Trade’s international expansion—particularly in the United States—and to professionalize the group’s organization while participating in sector consolidation via external growth. Pure Trade had demonstrated solid fundamentals with an annual growth rate of nearly 20% p.a. over the five years leading up to the transaction.
It is worth noting that the fund Initiative & Finance / Isatis Capital took control of Pure Trade Worldwide through an LBO in 2015.
PURE TRADE WORLDWIDE, which reported an EBITDA margin of in 2019, 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
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
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with PURE TRADE WORLDWIDE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2023 | AGIC CAPITAL | PURE TRADE WORLDWIDE | FRANCE | Packaging & Containers |
| 05/2015 | INITIATIVE & FINANCE / ISATIS CAPITAL | PURE TRADE WORLDWIDE | FRANCE | Packaging & Containers |
REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: pure trade worldwide
Acquirer: sparring capital