VIGNAL GROUP
Acquired by
EMZ PARTNERS
VIGNAL GROUP acquired by EMZ PARTNERS
Context
The sale of Vignal Lighting Group to EMZ Partners marks a significant milestone in the company's history. The transaction is the result of a strategic review process initiated by Eurazeo PME, which had been the majority shareholder of Vignal Lighting Group since 2014. During its ownership period, Eurazeo PME supported the company's significant transformation from a European player in signaling for trucks and trailers to a global leader in lighting for on and off-road specialty vehicles. The company's expansion was driven by a combination of organic growth and strategic acquisitions, including the acquisition of ABL Lights and CEA. The sale to EMZ Partners is expected to provide Vignal Lighting Group with the necessary resources and support to continue its growth and expansion plans. The transaction is also expected to generate significant proceeds for Eurazeo PME, which will be used to fund future investments and support the growth of its portfolio companies. The deal highlights the attractiveness of the specialty lighting market and the potential for growth and consolidation in the sector.
VIGNAL GROUP, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (10.9x).
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
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
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with VIGNAL GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2014 | VIGNAL GROUP | ABL LIGHTS | FRANCE | Automotive | The acquisition of ABL Lights by Vignal Systems is a strategic move to consolidate the European market for work lights and signalling lights for industrial vehicles. By combining their complementary product lines and customer portfolios, the two companies aim to step up their development in Europe, the United States, and Asia. The acquisition will also enable Vignal Systems to extend its geographical coverage into the strategic US market, leveraging ABL Lights' operations in the United States. The deal is expected to boost the group's growth, both in France and abroad, and open up significant cross-selling opportunities with leading manufacturers of utility, industrial, and commercial vehicles. The combination of the two companies will also facilitate the technological switch to LED lighting, which is expected to drive growth over the next five years. With the support of Eurazeo PME, Vignal Systems' majority shareholder, the company has reinjected significant funds into the deal, demonstrating its commitment to driving growth and expansion in the sector. |
| 02/2014 | EURAZEO | VIGNAL GROUP | FRANCE | Automotive | 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. |
REFERENCES
Revenue range: 100M - 200M 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 EMZ PARTNERS 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).
Press release: view release
Target: vignal group
Acquirer: emz partners