mynth
10/2019

UNIPEX acquired by BNP PARIBAS DEVELOPPEMENT

FRANCE B2B Specialized Distribution EV 50M - 150M EUR

Context

BNP Paribas Developpement invested EUR8.8 million to acquire a minority stake in Unipex. The management team, retains a two-thirds majority of the capital, while 5% is distributed to key managers. The deal is leveraged with a EUR27 million senior debt package arranged by Societe Generale. This operation allows the senior management (aged ~60) to realize some value while preparing the company for a full sale to a majority PE fund within 3-5 years.

UNIPEX, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Unipex is a distributor of specialty ingredients acting as an intermediary between chemical producers and manufacturers. The company serves the pharmaceutical, cosmetic, chemical, and food industries. It distributes approximately 1,700 ingredients to 1,600 clients across France, Benelux, and North Africa. Originally a division of the Unipex Group, it became independent in 2015. In 2018, the company generated EUR92 million in revenue.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2018
2017

Other operations with UNIPEX

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2022BARENTZUNIPEXFRANCEB2B Specialized Distribution

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of UNIPEX by BNP PARIBAS DEVELOPPEMENT 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: bnp paribas developpement