Kiloutou sold by PAI Partners
PAI Partners and Sagard, the majority owners of Kiloutou, (French construction equipment rental company), recently announced the beginning of exclusive negotiations with HLD, the investment firm led by Jean-Bernard Lafonta and Dentressangle Initiatives, the Dentressangle family fund. The offer from the two entities values Kiloutou at €1,5 billion or 7.5 times its EBITDA. Francky Mulliez, the founder, will remain a 15% shareholder of the company and the Decaux family will also join the capital with a minority stake.
This acquisition illustrates the thrive of Kiloutou since its last buy out. The fourth European construction equipment rental group was then estimated at €535 million according to the offer made by PAI in 2011. Since then, its turnover has doubled and the company backed by PAI Partners established itself in Germany, Spain, Poland and Italy. Its growth has also aided the expansion of the offer, such as modular constructions and large power generators.
The new ownership will invest €500 million to pursue this growth strategy throughout Europe.
Xperts Council provided consulting firms and funds involved numerous experts able to describe this particular market, and all the growth perspective for Kiloutou: the future markets where they could expand in and outside Europe, as well as the new offers they will be able to develop.