At what enterprise value was ALTADIA acquired in 2021?

During the acquisition of ALTADIA by THE CARLYLE GROUP in 2021, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

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. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

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. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ALTADIA during the acquisition?

ALTADIA's EBITDA is estimated to be in the range of 150M - 250M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

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

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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 LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.1x).

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.

-> 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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: altadia

Acquirer: the carlyle group