mynth
10/2015

VERALLIA

Acquired by

APOLLO GLOBAL MANAGEMENT & BPIFRANCE

FRANCE Chemicals & Materials / Packaging & Containers / Glass Packaging EV 1b - 4b EUR

Context

Saint-Gobain finalized the sale of its glass packaging subsidiary, Verallia, to a consortium led by Apollo Global Management and Bpifrance. The strategic rationale for Saint-Gobain was to complete its refocusing on high-performance habitat and industrial materials. For the acquirers, the deal represented a massive industrial carve-out of a profitable, market-leading business. Apollo won a highly competitive auction process against several private equity rivals (Blackstone, CVC, Bain/Ardian) and strategic bidders (Ba Vidro) by submitting a superior bid and partnering with Bpifrance to provide social and governmental guarantees regarding French employment. The transaction resulted in a significant reduction of Saint-Gobain's net debt and established Verallia as an independent player ready for a new cycle of industrial investment.

VERALLIA, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded as the packaging division of the Saint-Gobain Group, Verallia is one of the world’s leading manufacturers of glass containers for food and beverages. The company specializes in the production of glass bottles and jars, serving major global brands in the wine, spirits, and food industries. Its business model is based on high-volume industrial production with a strong emphasis on sustainability and glass recycling. Strategically, Verallia operates an extensive network of glass plants globally, maintaining a leadership position through technical innovation in glass coloring and lightweighting. The company’s value proposition centers on providing premium, infinitely recyclable packaging solutions that preserve the quality and taste of consumer products.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2014
LOGIN
LOGIN
LOGIN
2013
LOGIN
LOGIN
LOGIN

Other operations with VERALLIA

DateAcquirerTargetCountrySectorDeal Context
VERALLIAFRANCEChemicals & Materials

Founded as the packaging division of the Saint-Gobain Group, Verallia is one of the world’s leading manufacturers of glass containers for food and beverages. The company specializes in the production of glass bottles and jars, serving major global brands in the wine, spirits, and food industries. Its business model is based on high-volume industrial production with a strong emphasis on sustainability and glass recycling. Strategically, Verallia operates an extensive network of glass plants globally, maintaining a leadership position through technical innovation in glass coloring and lightweighting. The company’s value proposition centers on providing premium, infinitely recyclable packaging solutions that preserve the quality and taste of consumer products.

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VERALLIA by APOLLO GLOBAL MANAGEMENT / BPIFRANCE are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: bpifrance / apollo global management