mynth
04/2025

VERALLIA

Acquired by

BWGI (BW GESTÃO DE INVESTIMENTOS)

FRANCE Chemicals & Materials / Packaging & Containers / Glass Packaging EV 3b - 100b EUR

Context

BWGI, which currently holds 28.8% of Verallia's capital, has filed a voluntary tender offer to acquire control of the company. The offer proposes a price of 30 euros per share (with the 2024 dividend attached). Unlike typical private equity buyouts, BWGI has explicitly stated its intention to maintain Verallia's listing on Euronext Paris, seeking only to cross the regulatory threshold of 50% capital or voting rights. A critical component of this transaction is the management of Verallia's existing debt structure. Due to "Change of Control" clauses in current financing agreements, Verallia has initiated a massive consultation process with its lenders and bondholders to obtain waivers or amendments. To ensure financial stability, the company has secured a comprehensive "backstop" and "bridge" financing package of up to €1.6 billion from a banking syndicate to refinance existing credits or reimburse bondholders who might exercise their "Put Option." The offer is subject to the reasoned opinion of Verallia’s Board of Directors and the approval of the AMF.

VERALLIA, which reported an EBITDA margin of LOGIN in 2024, 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.

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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

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Equity Value

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Multiples

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2024
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2023
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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 3b - 100b EUR

Revenue range: 2.5b - 5b EUR

EBITDA range: 450M - 900M 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 BWGI (BW GESTÃO DE INVESTIMENTOS) 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).