mynth
04/2025

SOLABIA acquired by ASTORG

FRANCE Chemicals & Materials / Specialty Chemicals EV 1b - 4b EUR

Context

The private equity firm Astorg wins the auction to acquire the Solabia Group from TA Associates. This secondary LBO values the French biotech specialist at over EUR1.1 billion. The management team, led by CEO Jean-Baptiste Dellon, reinvests alongside Astorg. This new partnership aims to accelerate Solabia's international growth, particularly in the United States, and to continue its buy-and-build strategy to broaden its portfolio of natural ingredients for the beauty and health sectors.

SOLABIA, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

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.

-> Deep-dive in Industry & Manufacturing market trends

Target

A leading French biotechnology company specializing in the production of natural active ingredients. Founded in 1972, Solabia serves the cosmetics, pharmaceutical, and nutrition industries. The group is renowned for its expertise in extraction, fermentation, and enzymatic catalysis. Under the leadership of Jean-Baptiste Dellon, it has expanded globally through acquisitions (e.g., in Israel, Brazil, and the US).

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
LOGIN
LOGIN
LOGIN
2023
LOGIN
LOGIN
LOGIN

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
07/2025UNIGASKETASSOTECHITALYChemicals & Materials

The acquisition of Assotech by Unigasket, an Italian group specializing in the production of tubes and joints for various industrial sectors, is the outcome of an external growth strategy implemented by the group in partnership with its majority shareholder, Palladio Holding

05/2025MOVENDO CAPITAL / DRAYCOTTVERESCENCEFRANCEChemicals & Materials

Stirling Square Capital Partners has reached an agreement to sell 100% of Verescence to a consortium formed by Movendo Capital and Draycott. This transaction follows a competitive auction process managed by Rothschild & Co, which attracted interest from major international private equity firms (One Rock, Lone Star, ICG) and global industrial players (PGP Glass, Vitro, Heinz)

04/2025HUHTAMAKIZELLWIN FARMS COMPANYUNITED STATESChemicals & Materials

Huhtamaki has acquired Zellwin Farms Company for an Enterprise Value of USD 18 million. The deal provides Huhtamaki with immediate additional capacity in the molded fiber segment to serve the North American market

04/2025BWGI (BW GESTÃO DE INVESTIMENTOS)VERALLIAFRANCEChemicals & Materials

BWGI, which currently holds 28.8% of Verallia's capital, has filed a voluntary tender offer to acquire control of the company. The offer proposes a price of 30 euros per share (with the 2024 dividend attached)

03/2025GROUPE GRISLASER ALSACE PRODUCTION (LAP)FRANCEChemicals & Materials

Groupe GRIS acquired 100% of Laser Alsace Production from its founder. This operation allows the group to integrate a new cutting technology—laser—which complements its historical expertise in press-cutting

02/2025UPM RAFLATACMETAMARKUNITED KINGDOMChemicals & Materials

UPM Raflatac acquired 100% of Metamark for a total consideration of �146 million. This acquisition accelerates UPM's transformation into a "complete product provider" for the adhesive industry. By integrating Metamark, UPM gains a respected portfolio of graphic films that complements its existing labeling business

01/2025GROUPE SGT (SOCIETE GENERALE DES TECHNIQUES)AXIUM PACKAGINGFRANCEChemicals & Materials

The Groupe SGT continues its expansion by acquiring Axium Packaging from private equity funds Cerea Partners and Bpifrance. This strategic move marks a significant diversification for SGT: while SGT is a leader in preforms for the beverage market, Axium specializes in finished containers (bottles, jars) for the hygiene, beauty, and food sectors

01/2025MACFARLANE GROUPTHE PITREAVIE GROUPUNITED KINGDOMChemicals & Materials

Macfarlane Group UK Limited, a wholly-owned subsidiary of Macfarlane Group PLC, has acquired 100% of The Pitreavie Group Limited. This strategic acquisition is designed to significantly enhance Macfarlane’s manufacturing presence in Scotland and provide internal supply capabilities for its distribution businesses in the North of England

01/2025APERAMUNIVERSAL STAINLESS & ALLOY PRODUCTSUNITED STATESChemicals & Materials

The acquisition of the target by Aperam marks a definitive structural expansion into the North American market. The strategic rationale for this transaction centers on a "portfolio-decommoditization" play, merging the target's technical operational depth in aerospace-grade alloys with the group’s global leadership in stainless and specialty steel solutions

12/2024VERITIV CORPORATIONORORA PACKAGING SOLUTIONSUNITED STATESChemicals & Materials

Veritiv Operating Company has successfully completed the acquisition of Orora Packaging Solutions (OPS) from Orora Limited (ASX: ORA). This landmark transaction represents a major step in Veritiv’s consolidation strategy within the North American packaging sector

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 100M - 200M EUR

EBITDA 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 SOLABIA by ASTORG 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).

Acquirer: astorg