At what enterprise value was ALTADIA acquired in 2021?

During the acquisition of ALTADIA by THE CARLYLE GROUP in 2021, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of ALTADIA when it was acquired by THE CARLYLE GROUP?

The estimated EV/EBITDA multiple for ALTADIA is in the range of 5x - 12x.

When was ALTADIA acquired by THE CARLYLE GROUP?

ALTADIA was acquired by THE CARLYLE GROUP in 2021.

What was the revenue of ALTADIA at the time of the deal?

The revenue of ALTADIA at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of ALTADIA during the acquisition?

ALTADIA's EBITDA is estimated to be in the range of 150M - 250M EUR.

How is the data for the ALTADIA 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 ALTADIA 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.carlyle.com/media-room/news-release-archive/carlyle-acquire-altadia-group-lone-star

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.5x.

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Home Database Industry & ManufacturingALTADIA

12/2021

THE CARLYLE GROUP takes majority stake in ALTADIA

SPAIN Chemicals & Materials / Specialty Chemicals EV 1b - 4b EUR

Context

The Carlyle Group has announced its intention to acquire Altadia Group, the world's largest manufacturer of intermediate products for the production of ceramic tiles. This strategic acquisition will enable Carlyle to strengthen its presence in the materials sector and capitalize on the growth of the ceramic market. The acquisition of Altadia Group is the result of a sale process led by Lone Star Funds, which had acquired the group in 2017. Carlyle plans to finance the acquisition through a senior secured term loan and a senior secured revolving credit facility. The transaction is subject to customary regulatory approvals and is expected to be completed in the first half of 2022. This acquisition represents a significant strategic opportunity for Carlyle, which will be able to capitalize on Altadia's leading position in the ceramic market and its expertise in research and development. Carlyle plans to support Altadia's growth through the development of its R&D platform and strategic acquisitions to expand its presence in international markets.

ALTADIA, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.5x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Altadia Group is the world's largest manufacturer of intermediate products for the production of ceramic tiles. Formed in 2021, the group was created through the transformative merger of Esmalglass-Itaca and Ferro Tile Coatings, consolidating its leading market position across all ceramic specialties, including the production of inkjet inks, body stains, glaze stains, and frits & glazes. With an extensive footprint across 19 countries and a workforce of over 3,600 people, Altadia services a diversified base of global customers, including leading ceramic tile producers. The company has a strong reputation for producing high-quality solutions that aim to transform everyday spaces and surfaces. Its product portfolio includes inkjet inks, body stains, glaze stains, and frits & glazes. Altadia is well-positioned to capitalize on the growth of the ceramic market, thanks to its expertise in research and development, as well as its extended production and distribution network.

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA 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 ALTADIA by THE CARLYLE GROUP 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

Target: altadia

Acquirer: the carlyle group