AURELIUS Group
AURELIUS acquires Ceramic Tile Distributors, a leading supplier of high-quality tiles
DGAP-News: AURELIUS Group
/ Key word(s): Takeover
AURELIUS acquires Ceramic Tile Distributors, a leading supplier of high-quality tiles – AURELIUS acquires Ceramic Tile Distributors (CTD) from Saint-Gobain – CTD generated revenues of approximately EUR 120 million in 2021 – Strong potential to leverage CTD’s UK market-leading position, whilst targeting both organic growth and add-on acquisitions Luxembourg/London, February 18, 2022 – AURELIUS is pleased to announce the acquisition of Ceramic Tile Distributors (“CTD”) in a carve-out transaction from parent company, Saint-Gobain (ISIN: FR0000125007). The transaction will be completed by AURELIUS’ co-investment structure with AURELIUS European Opportunities Fund IV controlling a 70% stake and AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) controlling 30%. The transaction is expected to close during Q1 2022. CTD is a UK-based specialist supplier of high-quality ceramic tiles operating across 89 branches and 4 trading distribution hubs. The company predominantly sells tiles, tile adhesives, grout as well as associated tools and consumables for the preparation, laying, cutting and drilling of tiles. CTD’s leading B2B market position is supported by strong brand awareness of its Gemini product line and strong trading performance. In 2021, CTD generated revenues of approximately EUR 120 million. The UK market for tiles and fixing products is estimated to be worth just under EUR 1.2 billion and is expected to grow at a compound annual growth rate of 4% from 2021 to 2024. Primary factors for this growth are driven by home improvements, specifically pertaining to an increasing use of tiles in the home, number of bathrooms per home and growing demand for outdoor tiling. AURELIUS will proactively work with CTD’s highly experienced management team to leverage its leading B2B market position by expanding its e-commerce offering and to continue the company’s operational development. Additionally, AURELIUS sees opportunities for new trade counter openings and new branch openings in key locations across the UK to further stimulate revenue and profit growth. AURELIUS Partner, Tristan Nagler, commented: AURELIUS was advised on the transaction by Deloitte (M&A), Eversheds (Legal) and Interpath (Tax).
Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA (“AEO”; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy’s core element is operational support of its portfolio companies with a team of almost 100 in-house operating taskforce experts. AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life. CONTACT
18.02.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |