mynth
04/2021

WENDEL invests in TARKETT

FRANCE Chemicals & Materials / Building & Interior Materials / Flooring EV 1b - 4b EUR

Context

The transaction involves Wendel and the Deconinck family forming a partnership to acquire a significant stake in Tarkett. The partnership, known as Tarkett Participation, will launch a simplified tender offer to acquire Tarkett shares at a price of €20 per share, representing a premium of 25.8% to the last closing price. The transaction is subject to certain conditions, including the receipt of regulatory approvals and the tender of a minimum number of shares. If the offer is successful, Wendel will hold up to 30% of Tarkett Participation, alongside the Deconinck family, which will maintain a controlling stake in the company.

TARKETT, which reported an EBITDA margin of in 2020, 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

Tarkett is a leading global manufacturer of flooring solutions, including resilient flooring, sports surfaces, and accessories. The company operates 33 industrial sites and employs approximately 12,000 people worldwide. Tarkett's product portfolio includes a wide range of flooring solutions, such as linoleum, vinyl, and rubber flooring, which are sold to various customers, including commercial and residential builders, contractors, and architects. The company's revenue is generated through a combination of wholesale and retail channels, with a significant portion of sales coming from Europe and North America. Tarkett's business model is focused on providing high-quality, innovative flooring solutions that meet the evolving needs of its customers, while also prioritizing sustainability and environmental responsibility. The company has a long history of investing in research and development, which has enabled it to stay at the forefront of the flooring industry and maintain its competitive position in the market.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 250M - 500M EUR

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

Acquirer: wendel