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06/2025100%

Solo Group acquired by Platinum Equity

FRANCE Consumer Products EV €500M–1.5bn

Context

Platinum Equity acquired 100% of Solo Group from the founder and management. Shortly after, Platinum acquired Dutch competitor XD Connects and merged it with Solo under a new holding entity (Sun II Ltd.). The combined group manages the entire value chain from product development and global procurement to on-demand printing and fulfillment for over 20,000 B2B customers.

The acquisition of Solo Group is part of the growth strategy of Platinum Equity, which already has several external growth operations under its belt, notably Urbaser in 2021.

Solo Group, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

-> Deep-dive in Retail & Consumer market trends

Target

Founded in 1991, Solo Group is a European leader in the B2B market for personalizable corporate clothing and accessories. Following its 2022 acquisition of midocean, the group became a one-stop-shop for both textiles and hard goods (drinkware, tech accessories, bags). Solo operates a massive pan-European distribution network and advanced in-house customization facilities, serving over 19,000 customers.

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€250–500M
€100–200M
[members only]
2023
€250–500M
€100–200M
[members only]

Other operations with Platinum Equity

Other operations with Platinum Equity
DateAcquirerTargetCountrySector
10/2026PLATINUM EQUITYTRIMEITALYSpecial Machinery
07/2026PLATINUM EQUITY / NESTLEPERANEL EX NESTLE WATERFRANCESoft Drinks
09/2025PLATINUM EQUITYXD CONNECTSNETHERLANDSConsumer Products
06/2021PLATINUM EQUITYURBASERSPAINWaste Management
11/2020PLATINUM EQUITYBISCUIT INTERNATIONALFRANCEFood Products
10/2019PLATINUM EQUITYCISIONUNITED STATESMarTech
02/2019PLATINUM EQUITYMULTI-COLOR CORPORATION (MCC)UNITED STATESLabels & Adhesives
07/2018PLATINUM EQUITYYAK ACCESSUNITED STATESEquipment Rental

Similar deals in Consumer Products

Similar deals in Consumer Products
DateAcquirerTargetCountrySector
09/2025PLATINUM EQUITYXD CONNECTSNETHERLANDSConsumer Products
08/2025KKRKARO HEALTHCARESWEDENHygiene & Beauty Brands
06/2025KONTOOR BRANDSHELLY HANSENNORWAYFashion & Apparel
06/2025PARTNERS GROUPMPMUNITED KINGDOMPet Care
05/2025AUTHENTIC BRANDS GROUPDOCKERSUNITED STATESFashion & Apparel
04/2025BRICONORDSCELL-ITFRANCEHome & DIY
03/2025USHOPAL GROUPPAYOTFRANCEHygiene & Beauty Brands
02/2025BC PARTNERSPETLABUNITED KINGDOMPet Care
01/2025ID UNLIMITEDTHE EMBLEM SOURCEUNITED STATESOther Sports
01/2025ACON INVESTMENTSTRUE RELIGIONUNITED STATESFashion & Apparel

REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €250–500M

EBITDA range: €100–200M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Solo Group by Platinum Equity 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 Platinum Equity’s acquisition of 100% of Solo Group, a French company specialised in Consumer Products, in 2025.

How was the acquisition of Solo Group by Platinum Equity valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €500M–1.5bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Solo Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Solo Group generated annual revenue estimated in the €250–500M range and EBITDA in the €100–200M bracket (FY 2024). 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.

What is mynth?

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