SOLO GROUP acquired by PLATINUM EQUITY
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.
SOLO GROUP, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.2x).
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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.
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Historical Financials (EUR)
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|---|---|---|---|---|
| 09/2025 | PLATINUM EQUITY | XD CONNECTS | NETHERLANDS | Consumer Products |
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 250M - 500M EUR
EBITDA range: 100M - 200M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: platinum equity