Motion Equity Partners takes majority stake in Tournaire

FRANCE Chemicals & Materials / Packaging & Containers / Metal Packaging EV €100–350M

Context

Motion Equity Partners acquired a majority stake in Tournaire alongside the founding family to accelerate the group's global development and industrial modernization. The strategic rationale is built on two pillars: geographical expansion into new high-growth markets and the capitalization on the environmental trend favoring aluminum as a sustainable, recyclable alternative to plastic packaging. Motion intends to leverage Tournaire's unique product range to capture market share in the pharmaceutical and fine chemical sectors while implementing an ambitious buy-and-build strategy to consolidate the specialized technical packaging market in Europe and North America.

Tournaire, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Industry & Manufacturing sector (11.8x in 2022).

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded in 1833 and based in Grasse, the world s perfume capital, Tournaire is a historic leader in the design and manufacture of high-performance Corporate packaging. The group specializes in technical solutions for sampling, storing, and transporting high-value raw materials such as essential oils, active pharmaceutical ingredients (APIs), flavors, and fine chemicals. Tournaire is globally recognized for its expertise in aluminum processing and barrier technology, offering products that meet the most stringent UN-certified safety standards. Serving over 900 clients across resilient industries, the group positions itself as a strategic partner for companies requiring high-purity and tamper-proof packaging for sensitive materials.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with Motion Equity Partners

Other operations with Motion Equity Partners
Date	Acquirer	Target	Country	Sector
06/2026	MOTION EQUITY PARTNERS	POLARIS	FRANCE	Nutrition & Dietary Supplements
10/2023	MOTION EQUITY PARTNERS	BANOOK	FRANCE	CRO / Clinical Trials
05/2018	MOTION EQUITY PARTNERS	HOLWEG WEBER	UNITED STATES	Robotics & Automation

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REFERENCES

Valuation range: EV €100–350M

Revenue range: €50–100M

EV/Revenue range: 1x - 3x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Tournaire by Motion Equity 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.

Target: tournaire

Acquirer: motion equity partners

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Tournaire, a French company specialised in Packaging & Containers, by Motion Equity Partners in 2022, structured as a leveraged buyout (LBO).

How was the acquisition of Tournaire by Motion Equity Partners valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What was Tournaire’s revenue at the time of the deal?

At the time of the transaction, Tournaire’s annual revenue was estimated within the €50–100M range (FY 2021). Detailed financial figures are available to members.

How does the valuation of Tournaire compare to benchmarks in the Industry & Manufacturing sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.8x EBITDA during 2022.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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