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04/2024

SNOWLEADER acquired by 123 IM

FRANCE Retail / Specialized Retail / Sport REV 50M - 100M EUR

Context

Snowleader raised EUR15 million in a new funding round led by 123 Investment Managers, with participation from historic banking partners (Credit Agricole des Savoie via Oxygene and Bpifrance). This capital injection is designed to support a massive industrial scaling project. Specifically, the funds will finance the construction of a new 25,000 sqm automated logistics center in Le Versoud (near Grenoble) to triple shipping capacity. Additionally, the roadmap includes accelerating international sales (aiming for 40% export) and expanding the physical retail network in strategic European cities.

As a reminder, the company had previously received an investment from 123 Im in 2020.

SNOWLEADER, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.3x).

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

Snowleader is a dynamic French retailer specializing in outdoor sports gear and apparel. Based in Annecy, the company was founded to serve outdoor enthusiasts, offering a carefully curated selection of equipment and clothing for activities like skiing, snowboarding, hiking, trail running, and mountaineering.

Ent. Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2023
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2022
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Other operations with SNOWLEADER

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
01/2020123 IMSNOWLEADERFRANCERetail

Eleven years after its founding in Annecy, the outdoor sports retailer Snowleader reports nearly EUR35 million in sales, with 40% coming from international markets. To support its growth (38% in 2019), the company raised EUR10 million from 123 IM, BNP Paribas Developpement, and Sofimac Regions. A minority portion of this funding allows for the exit of some shareholders who had invested EUR2.5 million at the end of 2015—namely Turenne CP, Bpi, and Expansinvest.

REFERENCES

Revenue 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 SNOWLEADER by 123 IM 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: snowleader

Acquirer: 123 im