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← DATABASE
06/2015

STELLA acquired by ICG

FRANCE Construction / Finishing Works / External Joinery EV €300–700M

Context

ICG has acquirer a majority stake in Groupe Stella from Equistone Partners Europe, which had been the lead investor since 2010. This quaternary LBO aimed to support the management team in professionalizing the group and initiating its first steps toward international expansion.

STELLA, which reported an EBITDA margin of [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

Target

Founded in 1954 with the iconic "La Toulousaine" brand, Stella Group is a leading European manufacturer of shutters, grilles, and solar protection solutions for the residential, commercial, and Corporate markets. The group operates through a portfolio of strong brands (La Toulousaine, Profalux, Eveno) and offers a comprehensive range of products including roller shutters, garage doors, gates, and high-security grilles. With state-of-the-art Corporate facilities across France, Stella is distinguished by its indirect distribution model, serving a vast network of over 10,000 professional installers, and its growing leadership in smart home automation integration.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2014
€100–200M
€25–50M
[members only]
2013
€100–200M
€25–50M
[members only]

Other operations with STELLA

Other operations with STELLA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
11/2018PAI PARTNERSSTELLAFRANCEExternal Joinery
11/2018STELLAFLIPFRANCEExternal Joinery

REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €25–50M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

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

Acquirer: icg