At what enterprise value was KALI ENVIRONNEMENT acquired in 2026?

During the acquisition of KALI ENVIRONNEMENT by 21 INVEST in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of KALI ENVIRONNEMENT when it was acquired by 21 INVEST?

The estimated EV/EBITDA multiple for KALI ENVIRONNEMENT is in the range of 15x - 25x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was KALI ENVIRONNEMENT acquired by 21 INVEST?

KALI ENVIRONNEMENT was acquired by 21 INVEST in 2026.

What was the revenue of KALI ENVIRONNEMENT at the time of the deal?

The revenue of KALI ENVIRONNEMENT at the time of the deal is estimated to be in the range of 10M - 30M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of KALI ENVIRONNEMENT during the acquisition?

KALI ENVIRONNEMENT's EBITDA is estimated to be in the range of 0M - 5M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the KALI ENVIRONNEMENT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the KALI ENVIRONNEMENT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.turennecapital.com/turenne-emergence-cede-kali-environnement-a-21-invest-apres-avoir-accompagne-le-doublement-de-taille-du-groupe-et-signe-ainsi-la-10eme-sortie-de-son-premier-fonds/

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Home Database Business ServicesKALI ENVIRONNEMENT

06/2026

21 INVEST takes majority stake in KALI ENVIRONNEMENT

FRANCE Industrial Services / Engineering & Consulting EV 50M - 150M EUR

Context

21 Invest has signed an agreement to acquire a majority stake in Kali Environnement, replacing Turenne Emergence, which is exiting its position after a first investment cycle initiated in 2021. Kali Environnement is a French environmental consulting and regulatory compliance platform that specializes in supporting industrial companies with their compliance obligations. Since the primary management buyout (MBO) in 2021, the company has experienced strong growth, with revenues more than doubling due to a combination of organic growth driven by increasingly stringent environmental regulations and an active external growth strategy that has enabled the completion of three targeted acquisitions. The group has gradually established itself as a national multi-expertise platform. As part of this transaction, 21 Invest is becoming the majority shareholder by investing approximately €30 million through its sixth fund, while the management team is reinvesting a significant portion of their sale proceeds alongside the new shareholder. Nord Capital Investissement is retaining a minority stake, ensuring continuity in the company's ownership. This deal is part of a build-up strategy aimed at accelerating the consolidation of the French environmental consulting market. 21 Invest plans to continue pursuing an external growth strategy in France and internationally, with the goal of strengthening its territorial network and expanding its service offering. The financing of the transaction is based on a structure combining equity and unitranche debt, accompanied by a dedicated line for future acquisitions.

It is worth noting that the fund Turenne Capital / Nord Capital Partenaires took control of Kali Environnement through an LBO in 2021.

KALI ENVIRONNEMENT, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

Note that 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

Kali Environnement is a provider of environmental consulting and regulatory compliance services, operating through five complementary businesses covering the entire life cycle of industrial sites. The company offers services such as ICPE compliance, site and soil pollution management, air quality monitoring, biodiversity studies, and water management. With a network of 15 agencies across France, Kali Environnement serves over 1,000 industrial clients and employs more than 180 professionals. The company's activities are focused on providing essential services to industrial clients, helping them navigate complex environmental regulations and ensuring compliance. Kali Environnement's business model is centered around providing specialized expertise and consulting services to these clients.

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Other operations with KALI ENVIRONNEMENT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2021	TURENNE CAPITAL / NORD CAPITAL PARTENAIRES	KALI ENVIRONNEMENT	FRANCE	Industrial Services	Turenne Emergence and Nord Capital Investissement have invested in the share capital of Kali Environnement Group as part of a primary LBO transaction aimed at supporting the reorganization of its shareholder base and the transfer of control by its founder, Pascal Marly

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 10M - 30M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KALI ENVIRONNEMENT by 21 INVEST are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: kali environnement

Acquirer: 21 invest