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 11.2x, 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 11.2x. 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/

← DATABASE

Home Database Industry & ManufacturingVERESCENCE

05/2025

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 (11.2x).

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

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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2025	NORCROS	FIBO GROUP	NORWAY	Chemicals & Materials	FSN Capital IV and other minority shareholders have signed a definitive agreement to sell 100% of the shares in Fibo to Norcros. The transaction marks the conclusion of a successful 10-year growth journey under FSN Capital IV, which originally acquired Fibo as a carve-out from Byggma ASA in 2015
07/2025	UNIGASKET	ASSOTECH	ITALY	Chemicals & Materials	The acquisition of Assotech by Unigasket, an Italian group specializing in the production of tubes and joints for various industrial sectors, is the outcome of an external growth strategy implemented by the group in partnership with its majority shareholder, Palladio Holding
04/2025	ASTORG	SOLABIA	FRANCE	Chemicals & Materials	The private equity firm Astorg wins the auction to acquire the Solabia Group from TA Associates. This secondary LBO values the French biotech specialist at over EUR1.1 billion. The management team, led by CEO Jean-Baptiste Dellon, reinvests alongside Astorg
04/2025	HUHTAMAKI	ZELLWIN FARMS COMPANY	UNITED STATES	Chemicals & Materials	Huhtamaki has acquired Zellwin Farms Company for an Enterprise Value of USD 18 million. The deal provides Huhtamaki with immediate additional capacity in the molded fiber segment to serve the North American market
04/2025	BWGI (BW GESTÃO DE INVESTIMENTOS)	VERALLIA	FRANCE	Chemicals & Materials	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)
03/2025	GROUPE GRIS	LASER ALSACE PRODUCTION (LAP)	FRANCE	Chemicals & Materials	Groupe GRIS acquired 100% of Laser Alsace Production from its founder. This operation allows the group to integrate a new cutting technology—laser—which complements its historical expertise in press-cutting
02/2025	UPM RAFLATAC	METAMARK	UNITED KINGDOM	Chemicals & Materials	UPM Raflatac acquired 100% of Metamark for a total consideration of �146 million. This acquisition accelerates UPM's transformation into a "complete product provider" for the adhesive industry. By integrating Metamark, UPM gains a respected portfolio of graphic films that complements its existing labeling business
01/2025	GROUPE SGT (SOCIETE GENERALE DES TECHNIQUES)	AXIUM PACKAGING	FRANCE	Chemicals & Materials	The Groupe SGT continues its expansion by acquiring Axium Packaging from private equity funds Cerea Partners and Bpifrance. This strategic move marks a significant diversification for SGT: while SGT is a leader in preforms for the beverage market, Axium specializes in finished containers (bottles, jars) for the hygiene, beauty, and food sectors
01/2025	APERAM	UNIVERSAL STAINLESS & ALLOY PRODUCTS	UNITED STATES	Chemicals & Materials	The acquisition of the target by Aperam marks a definitive structural expansion into the North American market. The strategic rationale for this transaction centers on a "portfolio-decommoditization" play, merging the target's technical operational depth in aerospace-grade alloys with the group’s global leadership in stainless and specialty steel solutions
01/2025	MACFARLANE GROUP	THE PITREAVIE GROUP	UNITED KINGDOM	Chemicals & Materials	Macfarlane Group UK Limited, a wholly-owned subsidiary of Macfarlane Group PLC, has acquired 100% of The Pitreavie Group Limited. This strategic acquisition is designed to significantly enhance Macfarlane’s manufacturing presence in Scotland and provide internal supply capabilities for its distribution businesses in the North of England

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: verified 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