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05/2023Majority

Siparex takes majority stake in Sodikart

FRANCE Consumer Products / Sport / Cycling & Micromobility EV €100–350M

Context

Siparex acquired a majority stake in Sodikart, succeeding Evolem (shareholder for 15 years). Siparex invested between EUR30M and EUR50M. The founder and management team retain a minority stake. Supported by a debt lever of 3x EBITDA, the goal is to double the group's size within 5 years through international M&A.

Sodikart, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Retail & Consumer sector (12.0x in 2023).

-> Deep-dive in Retail & Consumer market trends

Target

Sodikart is a French company and a world leader in karting industry. It designs, manufactures, and distributes a wide range of karts (rental, racing, and electric) and equipment. The group also operates tracks and organizes international competitions, positioning itself as a vertically integrated player in the recreational motorsports market.

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
2022
€50–100M
[members only]
[members only]
2021
€50–100M
[members only]
[members only]

Other operations with Siparex

Other operations with Siparex
DateAcquirerTargetCountrySector
09/2026SIPAREXKOALYSFRANCETIC (Testing, Inspection, Certification)
03/2026SIPAREXWINNCAREFRANCEMedical Devices
03/2026SIPAREXATK SPORTSITALYOutdoor
01/2026SIPAREX123 ELECFRANCESpecialized E-commerce
01/2026SIPAREX / SOCADIF / BNP PARIBAS DEVELOPPEMENTNOVAKAMPFRANCEAerospace, Naval & Defense
10/2025SIPAREX / BPIFRANCEBRIFER (LA FERROVIAIRE DE LA BRIE)FRANCERailways
04/2025SIPAREXNOOUSFRANCERecruitment / Headhunting
03/2025SIPAREXLABORATOIRE POLIDISFRANCEMedical Consumables
07/2023SIPAREXGROUPE PASSMANFRANCEIT Equipment
07/2021SIPAREXALCATRAZ ITFRANCEOperators

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02/2023SCANDINAVIAN TOBACCO GROUPALEC BRADLEY CIGAR DISTRIBUTORSUNITED STATESConsumer Products
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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 Sodikart by Siparex 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: sodikart

Acquirer: siparex

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Sodikart, a French company specialised in Sport, by Siparex in 2023.

How was the acquisition of Sodikart by Siparex 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 Sodikart’s revenue at the time of the deal?

At the time of the transaction, Sodikart’s annual revenue was estimated within the €50–100M range (FY 2022). Detailed financial figures are available to members.

How does the valuation of Sodikart compare to benchmarks in the Retail & Consumer 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 12.0x EBITDA during 2023.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized 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.