Verallia acquired by Apollo Global Management & Bpifrance
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 [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.
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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
€1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
10x–18x
Historical Financials (EUR)
Other operations with Verallia
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2025 | BWGI (BW GESTÃO DE INVESTIMENTOS) | VERALLIA | FRANCE | Glass Packaging |
Other operations with Apollo Global Management / Bpifrance
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2019 | QUALIUM / BPIFRANCE | EMLYON | FRANCE | Education Providers |
| 06/2019 | PARQUEST CAPITAL / BPIFRANCE | ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) | FRANCE | Consulting & Audit |
| 11/2018 | SAGARD / BPIFRANCE | SABENA TECHNICS | FRANCE | MRO (Maintenance, Repair & Overhaul) |
| 09/2018 | LATOUR CAPITAL / BPIFRANCE / BNP PARIBAS DEVELOPPEMENT | SOGETREL | FRANCE | Infrastructures |
| 03/2018 | APOLLO GLOBAL MANAGEMENT | QDOBA RESTAURANT | UNITED STATES | Restaurants / Chains |
| 10/2017 | UI INVESTISSEMENT / BPIFRANCE | THERADIAL | FRANCE | Medical Devices |
| 10/2016 | CATHAY CAPITAL / BPIFRANCE | AD EDUCATION | FRANCE | Education Providers |
| 04/2016 | APHEON / BPIFRANCE | LOOPING GROUP | FRANCE | Leisure Facilities |
| 01/2016 | QUILVEST CAPITAL PARTNERS / BPIFRANCE | SOGETREL | FRANCE | Infrastructures |
| 06/2015 | APAX PARTNERS / CREDIT MUTUEL EQUITY / BPIFRANCE | TEKNIMED | FRANCE | Implants & Prosthetics |
Similar deals in Chemicals & Materials
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2016 | ALLIANCE ETIQUETTES | IMPRIMERIE MAUMY | FRANCE | Labels & Adhesives |
| 12/2015 | ALLIANCE ETIQUETTES | NS ETIQUETTES | FRANCE | Labels & Adhesives |
| 09/2015 | SCHWEITZER-MAUDUIT INTERNATIONAL (SWM) | ARGOTEC | UNITED STATES | Plastics |
| 08/2015 | UNIQUE FABRICATING | GREAT LAKES FOAM TECHNOLOGIES | UNITED STATES | Plastics |
| 07/2015 | ACTIVA CAPITAL | IMPRIMERIE LAULAN | FRANCE | Labels & Adhesives |
| 06/2015 | INTERNATIONAL FLAVORS & FRAGRANCES (IFF) | LUCAS MEYER COSMETICS | CANADA | Flavors & Fragrances |
| 05/2015 | MULTI-COLOR CORPORATION (MCC) | BARAT | FRANCE | Labels & Adhesives |
| 05/2015 | INITIATIVE & FINANCE / ISATIS CAPITAL | PURE TRADE WORLDWIDE | FRANCE | Packaging & Containers |
| 04/2015 | IDEX CORPORATION | NOVOTEMA | ITALY | Plastics |
| 01/2015 | UI INVESTISSEMENT | GAULT & FRÉMONT | FRANCE | Paper & Cardboard |
REFERENCES
Valuation range: EV €1–10bn
Revenue range: €1–10bn
EBITDA range: €250–500M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: verallia
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