At what enterprise value was STAR SERVICE acquired in 2019?

You can find the full valuation details of STAR SERVICE on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of STAR SERVICE when it was acquired by MACSF?

The exact EV/EBITDA multiple for STAR SERVICE is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was STAR SERVICE acquired by MACSF?

STAR SERVICE was acquired by MACSF in 2019.

What was the revenue of STAR SERVICE at the time of the deal?

The revenue of STAR SERVICE at the time of the deal is estimated to be in the range of 150M - 250M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the STAR SERVICE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the STAR SERVICE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/LBO/Operations/OBO/Star-Service-transporte-un-OBO-ter-307366

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Home Database Business ServicesSTAR SERVICE

09/2019

STAR SERVICE acquired by MACSF

FRANCE Transport & Logistics / Freight Transport / Last Mile Delivery REV 150M - 250M EUR

Context

Star Service has completed its third leveraged operation (an OBO) to diversify its shareholding and support a new phase of healthcare-led growth. In this transaction, the founder and the management team (which has expanded since the previous 2013 operation) maintain majority control of the capital. The pool of minority investors has been significantly renewed: while historical partners Socadif and BNP Paribas Développement have reinvested, lead investor Andera Partners has fully exited its position via the Winch Capital 2 fund. Two new strategic minority entrants, the insurer MACSF and the healthcare group Vivalto, have joined the round to provide sector-specific expertise. The rationale for this OBO is to capitalize on Star Service's successful transformation into a multi-sector logistics leader, having more than doubled its revenue from €93M to €200M over the last five years. The entry of healthcare-focused investors is specifically designed to accelerate the group's expansion into pharmaceutical and laboratory transport, a segment characterized by high technical barriers and strict regulatory requirements for temperature control. The deal is financed by a three-tranche senior debt package provided by a pool of major French commercial banks and Zencap. Looking forward, the partners aim to leverage external growth to build international presence and consolidate the group's leadership in the rapidly growing medical and e-commerce delivery markets.

STAR SERVICE, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

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.

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Target

Founded in 1987, Star Service is a leading French provider of specialized last-mile logistics solutions. The group operates a business model focused on high-value urban delivery for diverse sectors, including large-scale food retail, e-commerce, and specialized healthcare. Its value proposition is built on technical expertise in handling sensitive goods, particularly through temperature-controlled transport for pharmaceutical products and laboratory samples. Star Service,s strategy emphasizes sectoral diversification, moving from its historical base in food retail to become a key player in healthcare logistics following the strategic integration of specialized subsidiaries. The group serves a prestigious client base of retailers, laboratories, and automotive spare parts distributors, leveraging a dense operational network to ensure reliable, high-frequency deliveries in urban environments. By integrating advanced tracking technologies and adhering to strict regulatory standards for medical transport, Star Service positions itself as a critical infrastructure partner in the evolving supply chain for both digital commerce and public health services.

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Similar deals in Business Services

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12/2020	EQT PARTNERS	TORGHATTEN	NORWAY	Transport & Logistics	The deal involves EQT Infrastructure V fund's voluntary cash offer to acquire all outstanding shares in Torghatten ASA, excluding the airline segment, through HATI BidCo AS. The offer price is set at NOK 175 per share, with an additional distribution of shares in Flyco AS to existing shareholders, valuing each Torghatten share at NOK 192
10/2020	GENEO	GROUPE BBL	FRANCE	Transport & Logistics	BBL Invest, the holding company controlling the BBL Group, has signed a capital agreement with the investment company GENEO Capital Entrepreneur. This transaction, worth a total of EUR15 million, strengthens the BBL Group's equity capital and provides it with long-term resources to finance its growth
05/2020	SIPAREX / BPIFRANCE	GROUPE TOP CHRONO	FRANCE	Transport & Logistics	Siparex and Bpifrance acquired a 51% majority stake in Top Chrono during the company's first-ever LBO. The transaction facilitated the exit of founders. The strategic rationale focuses on scaling Top Chrono's national footprint beyond the Paris region and capitalizing on the structural shift toward home delivery accelerated by the health crisis
12/2019	OAKTREE CAPITAL MANAGEMENT	FORTIDIA	ITALY	Transport & Logistics	Oaktree Capital Management made a strategic minority investment in MBE Worldwide, a global provider of logistics and business services. The transaction was structured as a significant capital increase, with the investment proceeds intended to fuel the company's next phase of growth
12/2018	ARKEA CAPITAL / UNEXO / SOCADIF	GROUPE MALHERBE	FRANCE	Transport & Logistics	The management team reorganized the capital structure to consolidate their majority position. Existing sponsors Siparex and NCI exited after a 5-year cycle. The new investor pool (Arkea, Unexo, Socadif) injected EUR35 million in equity
09/2018	OUEST CROISSANCE	LES VEDETTES DE PARIS	FRANCE	Transport & Logistics	Ouest Croissance acquired a minority stake in Vedettes de Paris to support the company's investment plan. The key objective was the electrification of the fleet (hybrid/electric boats) and the renovation of docking infrastructures to meet new environmental standards and enhance the tourist experience
05/2018	PAI PARTNERS / BARING PRIVATE EQUITY	WORLD FREIGHT COMPANY	FRANCE	Transport & Logistics	The acquisition of World Freight Company International (WFCI) by PAI Partners and Baring Private Equity Asia represents a significant strategic move in the global air freight industry. The deal is driven by the growing demand for air cargo services, particularly in the Asia-Europe corridor, and the need for companies to consolidate and expand their networks to remain competitive
01/2015	GREENBRIAR EQUITY GROUP	WORLD FREIGHT COMPANY	FRANCE	Transport & Logistics	The acquisition of World Freight Company by Greenbriar Equity Group marks a significant milestone in the company's history, as it transitions from one private equity owner to another. The deal is expected to provide World Freight Company with the necessary resources and support to drive growth and expansion, both organically and through strategic acquisitions
01/2014	ARDIAN	NHV GROUP	BELGIUM	Transport & Logistics	Ardian partnered with the group's CEO and co-founder to acquire a majority stake in NHV Group from its founding shareholders and Fin.co Capital Partners. The transaction was structured to provide the company with a sustainable shareholding platform to accelerate its global expansion strategy

REFERENCES

Revenue range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of STAR SERVICE by MACSF 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).

Target: star service

Acquirer: macsf