123 ELEC
Acquired by
SIPAREX
123 ELEC acquired by SIPAREX
Target
123 ELEC
Acquirer
SIPAREX
Context
Siparex Midcap acquired a majority stake in 123 Elec from B&Capital. This transaction marks the exit of B&Capital after a five-year holding period during which the group doubled its revenue from EUR43m to over EUR90m and realized a 2.5x return on investment. The management team reinvested significantly alongside Siparex and a pool of financial partners including BNP Paribas Developpement. The deal, supported by acquisition debt arranged by Caisse d'Epargne, aims to accelerate 123 Elec's digital lead and diversify its product offering into energy transition equipment.
The transaction values 123 ELEC at an EV/Revenue multiple of LOGIN.
This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.6x since the beginning of 2026, 4.1% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in 2008, 123 Elec (operating under the corporate name Phase Neutre) is a leading French online distributor of electrical equipment for both professional electricians and DIY individuals. The group offers a vast catalog ranging from core electrical components (cabling, panels) to high-growth segments such as home automation, lighting, security, and photovoltaic systems. Managing nearly 400,000 orders annually with 115 employees.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with 123 ELEC
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 10/2020 | B & CAPITAL | 123 ELEC | FRANCE | Specialized E-commerce | B&Capital acquired a majority stake in 123Elec. This transaction allowed the historical investor Capelia to exit while providing the company with a robust financial structure and senior debt to fuel its next expansion phase. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.