When was XD CONNECTS acquired by PLATINUM EQUITY?

XD CONNECTS was acquired by PLATINUM EQUITY in 2025.

What was the revenue of XD CONNECTS at the time of the deal?

The revenue of XD CONNECTS at the time of the deal is estimated to be in the range of 100M - 200M EUR.

How is the data for the XD CONNECTS 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 XD CONNECTS 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://www.platinumequity.com/news/platinum-equity-to-acquire-european-custom-branded-merchandise-specialist-xd-connects/

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Home Database Retail & ConsumerXD CONNECTS

09/2025

XD CONNECTS acquired by PLATINUM EQUITY

NETHERLANDS Consumer Products REV 100M - 200M EUR

Context

Platinum Equity acquired XD Connects from Rivean Capital (formerly Gilde Buy Out Partners). The deal was structured as a merger with Solo Group to create a market leader with a ~10% market share in Europe. The combined group serves 20,000+ customers, offering a "one-stop shop" for both hard goods (XD Connects' strength) and personalizable textiles (Solo's strength).

XD CONNECTS, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).

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Target

Founded in 1986, XD Connects is a leading Dutch designer and supplier of higher-quality corporate gifts and custom-branded merchandise. Known for its strong focus on sustainability (named 2024 Sustainability Advocate of the Year), the company serves 5,000+ B2B resellers across Europe. It maintains a design studio, a sourcing office in Shanghai, and an in-house printing/fulfillment center in Romania.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Consumer Products

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	HSG (FORMERLY SEQUOIA CAPITAL CHINA)	GOLDEN GOOSE	ITALY	Fashion & Apparel
10/2025	FRENCH FOOD CAPITAL / BPIFRANCE	SABRE PARIS	FRANCE	Home & DIY
08/2025	KKR	KARO HEALTHCARE	Sweden	Hygiene & Beauty Brands
06/2025	PLATINUM EQUITY	SOLO GROUP	FRANCE	Consumer Products
06/2025	KONTOOR BRANDS	HELLY HANSEN	NORWAY	Fashion & Apparel
06/2025	PARTNERS GROUP	MPM	UNITED KINGDOM	Pet Care
05/2025	AUTHENTIC BRANDS GROUP	DOCKERS	UNITED STATES	Fashion & Apparel
04/2025	BRICONORD	SCELL-IT	FRANCE	Home & DIY
03/2025	USHOPAL GROUP	PAYOT	FRANCE	Hygiene & Beauty Brands
02/2025	BC PARTNERS	PETLAB	UNITED KINGDOM	Pet Care

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 XD CONNECTS by PLATINUM EQUITY 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

Acquirer: platinum equity