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STELLA

Acquired by

PAI PARTNERS

FRANCE Construction EV [500m EUR - 1b EUR] 11/2018

Target

STELLA

Acquirer

PAI PARTNERS

Context

PAI Partners acquired a majority stake in Stella Group, facilitating the exit of ICG, which had backed the company since 2015. The management team reinvested significantly alongside PAI. The strategic rationale for this new investment cycle is to accelerate the Group's internationalization through a targeted 'buy-and-build' strategy, focusing on market consolidation in Germany, Southern Europe, and the Benelux region.

STELLA, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGINcurrently observed in the Construction & Real Estate sector.

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.

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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
EBIT
2018
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2017
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Other operations with STELLA

DateAcquirerTargetCountrySectorDeal Context
11/2018STELLAFLIPFRANCEExternal Joinery

Stella Group acquired 100% of FLIP from its CEO and the investment firm Siparex. This acquisition was purely geographical, allowing StellaGroup to fill a gap in its national coverage by establishing a strong industrial base in Northern France. The deal brought the group's total headcount to 850 employees and pushed its pro-forma 2018 revenue above the EUR230M threshold.

06/2015ICGSTELLAFRANCEExternal Joinery

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.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.