UPERIO acquired by TOWERBROOK
Context
TowerBrook acquired Uperio from LFPI. This follows a successful consolidation phase where LFPI merged Matebat and Arcomet in 2019 to create a global champion. The transaction was funded by senior debt from CA CIB and BPCE. The management is led by Philippe Cohet (ex-Potain).
UPERIO, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level as low as the average currently observed in the Business Services sector (11.4x).
-> Deep-dive in Business Services market trends
Target
A European leader in tower crane rental and distribution. Formed by the merger of Matebat (France) and Arcomet (Belgium), Uperio operates a fleet of over 2,000 cranes. It provides sales, rental, maintenance, and fleet management services for the construction industry.
Ent. Value
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 150M - 250M EUR
EBITDA 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: towerbrook