At what enterprise value was VERESCENCE acquired in 2025?

During the acquisition of VERESCENCE by MOVENDO CAPITAL / DRAYCOTT in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of VERESCENCE when it was acquired by MOVENDO CAPITAL / DRAYCOTT?

The estimated EV/EBITDA multiple for VERESCENCE is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was VERESCENCE acquired by MOVENDO CAPITAL / DRAYCOTT?

VERESCENCE was acquired by MOVENDO CAPITAL / DRAYCOTT in 2025.

What was the revenue of VERESCENCE at the time of the deal?

The revenue of VERESCENCE at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of VERESCENCE during the acquisition?

VERESCENCE's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the VERESCENCE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the VERESCENCE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://verescence.com/fr/actualites/verescence-annonce-larrivee-du-consortium-compose-de-movendo-capital-et-draycott-en-tant-que-nouvel-actionnaire-du-groupe/

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Home Database Industry & ManufacturingVERESCENCE

05/2025

VERESCENCE

Acquired by

MOVENDO CAPITAL & DRAYCOTT

FRANCE Chemicals & Materials / Packaging & Containers / Glass Packaging EV 300M - 700M EUR

VERESCENCE acquired by MOVENDO CAPITAL & DRAYCOTT

FRANCE Chemicals & Materials / Packaging & Containers / Glass Packaging EV 300M - 700M EUR

Context

Stirling Square Capital Partners has reached an agreement to sell 100% of Verescence to a consortium formed by Movendo Capital and Draycott. This transaction follows a competitive auction process managed by Rothschild & Co, which attracted interest from major international private equity firms (One Rock, Lone Star, ICG) and global industrial players (PGP Glass, Vitro, Heinz). The acquisition represents a strategic shift for Verescence toward long-term family-office ownership, moving away from traditional short-cycle private equity. The deal is structured with a bank debt package representing a leverage level of 3.0x to 3.5x EBITDA and includes an earn-out provision based on the company's future financial performance. The strategic rationale for the Portuguese consortium is to back a global leader in a high-barrier-to-entry industry that is essential to the luxury ecosystem. The new owners have committed to supporting Verescence’s significant CAPEX requirements and its ambitious decarbonization initiatives, ensuring the company remains the partner of choice for luxury brands seeking sustainable packaging solutions in a growing global market.

VERESCENCE, 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

Verescence is the world’s leading manufacturer of high-end glass bottles for the perfumery and cosmetics industries. With a heritage spanning 130 years, the company operates as a critical partner for global luxury giants such as LVMH and Hermès. Its business model integrates advanced glass-making expertise with sophisticated finishing techniques (decoration and customization) across a unique industrial footprint. Verescence produces approximately 600 million bottles annually through four glass production sites and five finishing plants located across Europe, North America, and Asia. The company is a pioneer in sustainable luxury, focusing on glass lightweighting, recycled glass content, and an ambitious decarbonization roadmap for its industrial furnaces. By combining large-scale industrial capacity with artisanal precision, Verescence maintains a dominant position in the "prestige" beauty packaging segment, supported by a global workforce of 2,500 employees.

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Other operations with VERESCENCE

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M 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 VERESCENCE by MOVENDO CAPITAL / DRAYCOTT 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: draycott