“We observe vivid activity in the filter industry. With names like Mann+Hummel, Camfil and Hengst Filter, the big players continue to consolidate strategically via M&A. This trend is supported by an excellent financing environment, solid growth perspectives and intense competition among medium-sized companies”
Latest M&A activities within the industry
Key performance indicators of the peer group
Valuations in recent years have remained at a consistently high level, despite the slight decline in the second half of 2018. EBITDA multiples ranging between 9.5x and 13x as well as high profitability margins are a clear stand-out of the industry and underline the attractiveness of filtration companies.
Key growth drivers include limitations of pollutant emissions and more stringent government regulations which serve to boost innovation in producing more energy-efficient filters. The entry of new technologies, such as nanotechnology, has additionally facilitated the development of filters and membranes.
EV/EBITDA (next 12 months)
Stock price development peer group (HY)
Want to know more?
If you would like to learn more about the valuations and deals of your industry, the transaction mentioned above or generally our way of working, we would certainly be happy to demonstrate our m&a PLUS® principle in a confidential meeting.
Just get in touch and we will share our experience on how to grow businesses with long-lasting partnerships.
With passion for M&A,
Your SAZUN Team