STAVDAL acquired by RAMIRENT
Context
Ramirent acquired Stavdal to create the market leader in Sweden. this deal was finalized just as Loxam was launching its tender offer for Ramirent, meaning Stavdal was immediately integrated into the Loxam group.
STAVDAL, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, a level twice as low as the average currently observed in the Business Services sector (11.4x).
-> Deep-dive in Business Services market trends
Target
One of the leading general equipment rental companies in Sweden, with a strong presence in the Stockholm and Gothenburg metropolitan areas. Stavdal provides lifting equipment, construction machinery, and modular solutions.
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Similar deals in Industrial Services
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2019 | ACCES INDUSTRIE | NOVELIS | FRANCE | Equipment Rental |
| 05/2019 | INITIATIVE & FINANCE | NORD COFFRAGE | FRANCE | Equipment Rental |
| 04/2019 | ASHTEAD TECHNOLOGY | AQUA-TECH SOLUTIONS | UNITED STATES | Equipment Rental |
| 03/2019 | SPEEDY HIRE | LIFTERZ | UNITED KINGDOM | Equipment Rental |
| 03/2019 | WESTBRIDGE CAPITAL | APEM GROUP | UNITED KINGDOM | Engineering & Consulting |
| 02/2019 | MISTRAS GROUP | ONSTREAM PIPELINE INSPECTION | CANADA | TIC (Testing, Inspection, Certification) |
| 12/2018 | RAMIRENT | SRV KALUSTO | FINLAND | Equipment Rental |
| 10/2018 | KILOUTOU | MICHAUD LOCATION | FRANCE | Equipment Rental |
| 10/2018 | ASHTEAD TECHNOLOGY | WELAPTEGA | CANADA | TIC (Testing, Inspection, Certification) |
| 09/2018 | UNITED RENTALS | BLUELINE RENTAL | UNITED STATES | Equipment Rental |
Other operations with RAMIRENT
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2019 | LOXAM | RAMIRENT | FINLAND | Equipment Rental |
| 12/2018 | RAMIRENT | SRV KALUSTO | FINLAND | Equipment Rental |
REFERENCES
Valuation range: EV €100–350M
Revenue range: €50–100M
EBITDA range: €10–30M
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 STAVDAL by RAMIRENT 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.
Press release: view release
Acquirer: ramirent