At what enterprise value was THE REEFER GROUP (TRG) acquired in 2025?

You can find the full valuation details of THE REEFER GROUP (TRG) on mynth capital. 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 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of THE REEFER GROUP (TRG) when it was acquired by ARKEA CAPITAL / IDIA CAPITAL INVESTISSEMENT / EPOPEE GESTION?

The exact EV/EBITDA multiple for THE REEFER GROUP (TRG) is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

What was the revenue of THE REEFER GROUP (TRG) at the time of the deal?

The revenue of THE REEFER GROUP (TRG) at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 THE REEFER GROUP (TRG) 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 THE REEFER GROUP (TRG) 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://epopeegestion.fr/the-reefer-group-annonce-la-recomposition-de-son-capital-avec-un-consortium-mene-par-arkea-capital-le-groupe-credit-agricole-et-epopee-gestion/

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Home Database Industry & ManufacturingTHE REEFER GROUP (TRG)

11/2025

THE REEFER GROUP (TRG) acquired by ARKEA CAPITAL, IDIA CAPITAL INVESTISSEMENT & EPOPEE GESTION

FRANCE Automotive / Manufacturers (OEM) / Heavy Duty & Special Vehicles REV 250M - 500M EUR

Context

Arkea Capital, the Credit Agricole Group, and Epopee Gestion acquired a combined majority stake (over 50%) in The Reefer Group from Amundi PEF. A pool of eleven other minority financial investors retains approximately 30% of the capital. The transaction also includes a significant reinvestment by the management team which now includes 63 managers holding around 19% of the shares. The deal was supported by a senior debt package with a leverage between 3.0x and 3.5x EBITDA. The strategic rationale is to double the group's size within the next five years, primarily through an aggressive international external growth strategy, building on the recent acquisition of Paneltex and the group's leadership in the customized refrigerated transport market.

THE REEFER GROUP (TRG), which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).

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

The Reefer Group is a European leader in the manufacturing of refrigerated trucks and trailers. It operates through three main subsidiaries: Chereau and Aubineau Constructeur in France, and Sor Iberica in Spain. The group specializes in high-quality, customized refrigerated solutions for the transport industry. Recently, the group expanded its footprint by acquiring the British competitor Paneltex. With approximately 1,200 employees and a strong focus on decarbonization and fleet innovation, the group serves a growing market driven by specialized logistics and regulatory shifts toward sustainable transport solutions.

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2024

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REFERENCES

Revenue range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THE REEFER GROUP (TRG) by ARKEA CAPITAL / IDIA CAPITAL INVESTISSEMENT / EPOPEE GESTION 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: the reefer group (trg)

Acquirer: epopee gestion / idia capital investissement / arkea capital