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 LOGIN in 2020, 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

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

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
LOGIN
LOGIN
LOGIN
2019
LOGIN
LOGIN
LOGIN

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
08/2021BC PARTNERS / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD)CERAMTECGERMANYChemicals & Materials

Private equity firm BC Partners and the Canada Pension Plan Investment Board (CPPIB) have partnered to acquire advanced ceramics producer CeramTec. Following the completion of the deal, BC Partners and CPPIB will each hold a 50% equity stake in the company

06/2021IBERCHEM GROUPPARFEXFRANCEChemicals & Materials

Iberchem has acquired a 95% stake in Parfex, a French fragrance house, with the intention to launch a squeeze-out to delist the company from Euronext Access. This acquisition is highly strategic for Iberchem (and its parent Croda), as it secures a foothold in Grasse, France, enhancing its legitimacy in the "Prestige" and "Fine Fragrance" segments

03/2021GROUPE GUILLINGAULT & FRÉMONTFRANCEChemicals & Materials

The acquisition of Gault & Frémont by Groupe GUILLIN marks a strategic expansion of the latter's offering in paper and carton packaging solutions, complementing its existing portfolio of plastic and hybrid packaging products

03/2021CHEQUERSALLIANCE ETIQUETTESFRANCEChemicals & Materials

Chequers Capital has acquired a majority stake in Alliance Etiquettes from Activa Capital. This transaction marks a highly successful exit for Activa Capital, which had built the group from a small regional player (Imprimerie Laulan, EUR8m revenue in 2015) into a national leader through eight add-on acquisitions

12/2020FRANCHI UMBERTO MARMIINGEGNER GIULIO FAGGIONI CARRARAITALYChemicals & Materials

The transaction involves the acquisition of a 50% interest in Ingegner Giulio Faggioni Carrara (IGFC) by the listed entity Franchi Umberto Marmi (FUM). A significant feature of the transaction is the strategic reinvestment by the seller, Giulio Vanelli Marmi (GVM), which subscribed to a 29

11/2020CRODA INTERNATIONALIBERCHEM GROUPSPAINChemicals & Materials

Croda International has acquired Iberchem Group from the French private equity firm Eurazeo. This acquisition provides Croda with an immediate, high-growth platform in the global Fragrances & Flavours (F&F) market

10/2020ARDIANADVANCION (ANGUS CHEMICAL)UNITED STATESChemicals & Materials

Ardian, the global private investment house, acquired a 50% ownership stake in Angus Chemical Company from Golden Gate Capital. The investment was driven by Angus's indispensable position within the global Life Sciences value chain

09/2020CLAYENS GROUPPSB INDUSTRIES (HEALTHCARE & INDUSTRY)FRANCEChemicals & Materials

This operation represents the first programmatic bolt-on acquisition executed by Clayens NP since its primary sponsor-backed buyout, designed to accelerate the platform’s diversification into highly resilient and high-margin healthcare manufacturing verticals

06/2020CEREA PARTNERS / BPIFRANCEAXIUM PACKAGINGFRANCEChemicals & Materials

Private equity firm Cerea Partners, utilizing its Cerea Capital II fund, has completed the acquisition of family-owned group Axium through a primary LBO transaction. As part of this deal finalized on June 25, 2020, Bpifrance has joined the consortium to acquire a minority equity stake in the business

03/2020SPARRING CAPITALPURE TRADE WORLDWIDEFRANCEChemicals & Materials

Sparring Capital acquired a majority stake in Pure Trade alongside the management team. The transaction marked the first deployment of the Sparring Capital Fund 2. The partnership was strictly engineered to accelerate Pure Trade’s international expansion—particularly in the United States—and to professionalize the group’s organization while participating in sector consolidation via external growth

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: verified 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: tarkett

Acquirer: wendel