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10/2024100%

Quadpack Industries acquired by Texen

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

Context

Texen S.A.S., under the umbrella of its parent company PSB Industries, has finalized the acquisition of 100% of Quadpack Industries. The transaction was initiated through the acquisition of a 77.66% controlling block from Eudald Holdings SL and the company's founders, followed by a 9.85% stake from a minority shareholder. The remaining shares were acquired via an "asymmetric" capital reduction process, allowing PSB Industries to gain full ownership and delist Quadpack from the Euronext Growth market. The strategic rationale for this merger is to create a global leader in beauty packaging, moving the combined entity into the world's Top 5 within the sector. While Quadpack and Texen will initially remain standalone entities to preserve their respective cultures, the group will leverage significant synergies in geographical coverage (Asia, Europe, Americas) and market segments (Luxury vs. Masstige). The founders of Quadpack have reinvested into PSB Industries, remaining involved in the future growth of the unified group.

Quadpack Industries, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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Target

Headquartered in Barcelona, Quadpack Industries is a global manufacturer and provider of hybrid packaging solutions for the "masstige" skincare and makeup markets. The company’s business model is built on a "one-stop-shop" approach, offering a vast range of standard packaging products that are customized through advanced decoration and finishing techniques. Quadpack operates specialized wood and plastic manufacturing facilities in Spain and Germany, complemented by an extensive global sourcing and sales network spanning Europe, the US, and Australia. The company is particularly recognized for its commitment to sustainability, being a B Corp certified entity that focuses on eco-designed solutions and biodegradable materials. By providing brands with ready-to-use yet highly differentiated packaging, Quadpack has established itself as a key partner for rapidly growing beauty brands looking for agility and sustainable innovation.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

Above 20x

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€100–200M
€5–25M
€0–5M
2022
€100–200M
€5–25M
€0–5M

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REFERENCES

Valuation range: EV €100–350M

Revenue range: €100–200M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Quadpack Industries by Texen 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.

FAQ

What transaction does this page cover?

This page covers Texen’s acquisition of 100% of Quadpack Industries, a Spanish company specialised in Packaging & Containers, in 2024.

How was the acquisition of Quadpack Industries by Texen valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Quadpack Industries’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Quadpack Industries generated annual revenue estimated in the €100–200M range and EBITDA in the €5–25M bracket (FY 2023). Detailed financial figures are available to members.

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.

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