mynth
02/2014

EURAZEO takes majority stake in VIGNAL GROUP

FRANCE Automotive / Auto Parts & Suppliers / Auto Parts & Systems EV 50M - 150M EUR

Context

The acquisition of Vignal Systems by Eurazeo PME is a strategic move to support the company's growth ambitions, particularly in the areas of internationalization and technological transition. By investing in Vignal Systems, Eurazeo PME aims to leverage its expertise in accompanying companies in their development and expansion strategies. The acquisition is expected to provide Vignal Systems with the necessary resources to pursue its growth objectives, including the transition to LED technology and the expansion of its international presence. With Eurazeo PME's support, Vignal Systems is expected to accelerate its growth trajectory, driven by its strong market position, innovative products, and internationalization strategy. The acquisition is also expected to provide opportunities for Vignal Systems to diversify its product offerings and enter new markets, further solidifying its position as a leader in the European signalization market.

VIGNAL GROUP, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.5x).

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Target

Vignal Systems is a French company founded in 1919, specializing in the design, manufacture, and marketing of signalization products, particularly for trucks. With over 40% market share in rear signalization for trucks in Europe, the company enjoys a strong leadership position. Vignal Systems has consolidated its position through recognized industrial expertise, a permanent innovation approach driven by an experienced R&D team, and a top-tier management culture. The company benefits from a resilient business model and an organization that allows it to absorb market cycles. Vignal Systems employs 230 people across its sites in Vénissieux and Corbas, and has a significant international presence, with over 70% of sales generated outside of France. The company's product portfolio includes a range of signalization solutions, and it has been investing in the transition from traditional bulbs to LED technology. With a strong reputation in its sector, Vignal Systems is well-positioned to continue its growth trajectory, driven by its expertise, innovation, and internationalization strategy.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2013
2012

Other operations with VIGNAL GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
12/2018EMZ PARTNERSVIGNAL GROUPFRANCEAuto Parts & Systems
04/2014VIGNAL GROUPABL LIGHTSFRANCEAuto Parts & Systems

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VIGNAL GROUP by EURAZEO 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.

Press release: view release

Target: vignal group

Acquirer: eurazeo