mynth
06/2021

UPERIO acquired by TOWERBROOK

FRANCE Industrial Services / Equipment Rental EV 300M - 700M EUR

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

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

Similar deals in Industrial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2021GRAFTON GROUPIKHFINLANDIndustrial & Technical Distribution
07/2021PAI PARTNERSAPAVE GROUPEFRANCETIC (Testing, Inspection, Certification)
06/2021LOXAMMASKINSLUSSENSWEDENEquipment Rental
06/2021LOXAMJM TRYKLUFTFRANCEEquipment Rental
05/2021INTERTEKSAI GLOBAL ASSURANCEAUSTRALIATIC (Testing, Inspection, Certification)
04/2021DWS GROUP / CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBECERMEWAFRANCEEquipment Rental
04/2021QCAPITALVENPAITALYEquipment Rental
02/2021NORD COFFRAGERENTMAT BTPFRANCEEquipment Rental
02/2021CLAYTON, DUBILIER & RICE (CD&R)WOLSELEY UKUNITED KINGDOMIndustrial & Technical Distribution
02/2021ARDIANGBA GROUPGERMANYTIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

EBITDA 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 UPERIO by TOWERBROOK 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: towerbrook