STELLA acquired by 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.
In the past, Stella underwent an LBO led by Icg in 2015.
STELLA, which reported an EBITDA margin of [members only] in 2018, 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
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with STELLA
Other operations with STELLA
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €150–250M
EBITDA range: €50–100M
EV/Revenue range: 2x - 6x
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 PAI PARTNERS 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: pai partners