UNIPEX acquired by BNP PARIBAS DEVELOPPEMENT
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).
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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
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EV / Revenue
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Historical Financials (EUR)
Other operations with UNIPEX
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2022 | BARENTZ | UNIPEX | FRANCE | B2B Specialized Distribution |
REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 50M - 100M EUR
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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