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09/2025100%

XD Connects acquired by Platinum Equity

NETHERLANDS Consumer Products REV €100–200M

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).

The acquisition of XD Connects is part of the growth strategy of Platinum Equity, which already has several external growth operations under its belt, notably Solo Group in 2025.

XD Connects, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only].

-> Deep-dive in Retail & Consumer market trends

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

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€100–200M
[members only]
[members only]
2023
€100–200M
[members only]
[members only]

Other operations with Platinum Equity

Other operations with Platinum Equity
DateAcquirerTargetCountrySector
10/2026PLATINUM EQUITYTRIMEITALYSpecial Machinery
07/2026PLATINUM EQUITY / NESTLEPERANEL EX NESTLE WATERFRANCESoft Drinks
06/2025PLATINUM EQUITYSOLO GROUPFRANCEConsumer Products
06/2021PLATINUM EQUITYURBASERSPAINWaste Management
11/2020PLATINUM EQUITYBISCUIT INTERNATIONALFRANCEFood Products
10/2019PLATINUM EQUITYCISIONUNITED STATESMarTech
02/2019PLATINUM EQUITYMULTI-COLOR CORPORATION (MCC)UNITED STATESLabels & Adhesives
07/2018PLATINUM EQUITYYAK ACCESSUNITED STATESEquipment Rental

Similar deals in Consumer Products

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02/2025BC PARTNERSPETLABUNITED KINGDOMPet Care

REFERENCES

Revenue range: REV €100–200M

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.

FAQ

What transaction does this page cover?

This page covers Platinum Equity’s acquisition of 100% of XD Connects, a Dutch company specialised in Consumer Products, in 2025.

What was XD Connects’s revenue at the time of the deal?

At the time of the transaction, XD Connects’s annual revenue was estimated within the €100–200M range (FY 2024). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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