SNOWLEADER acquired by 123 IM
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.
It is worth noting that the fund 123 Im took control of Snowleader through an LBO in 2020.
SNOWLEADER, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.9x).
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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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Historical Financials (EUR)
Other operations with SNOWLEADER
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2020 | 123 IM | SNOWLEADER | FRANCE | Sport |
REFERENCES
Revenue range: 50M - 100M EUR
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Target: snowleader
Acquirer: 123 im