21 INVEST takes majority stake in SUD ROBINETTERIE INDUSTRIE
Context
Sud Robinetterie has been acquired by 21 Centrale Partners in an owner‑buyout that formalises the succession of the founder to his son, Jean‑François Deprat. The transaction, executed in May 2007, is the first deal of the year for the fund and the fourth investment of 21 CP III. Sud Robinetterie, founded in 1978 in Marseille, employs roughly 150 staff and reported €50 million of revenue in the most recent fiscal year. The company designs and manufactures high‑specification spherical‑ball valves for oil and gas applications and, through a subsidiary in Lille, produces conventional industrial valves. The deal’s financial terms were not disclosed, and the structure includes an OBO that aligns ownership with the management team. 21 Centrale Partners targets the acquisition to deepen its exposure to specialised industrial equipment and to benefit from Sud Robinetterie’s non‑capital‑intensive operating model. By retaining the outsourced support functions, the buyer can preserve the firm’s focus on engineering and service delivery while limiting balance‑sheet leverage. The fund’s investment thesis emphasizes scaling the service component of the business and applying its network of advisors to optimise supply‑chain contracts. The acquisition also expands the geographic footprint of the fund into southern France and adds a presence in the northern market via the Lille subsidiary. The transaction aligns with the fund’s strategy of building platforms that combine technical expertise with lean capital structures. Post‑closing, Sud Robinetterie is expected to maintain its current management under Jean‑François Deprat, with 21 Centrale Partners providing strategic oversight and access to additional capital for growth initiatives. The company plans to reinforce its product development for high‑pressure valve solutions and to pursue new contracts in the upstream oil and gas sector. The outsourced model should enable faster allocation of resources to customer‑facing activities, potentially increasing service revenue. The integration is projected to generate cost efficiencies through shared services and to strengthen market positioning by leveraging the fund’s broader industrial portfolio.
SUD ROBINETTERIE INDUSTRIE, which reported an EBITDA margin of LOGIN in 2006, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).
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.
-> Deep-dive in Industry & Manufacturing market trends
Target
Sud Robinetterie Industrie (SRI) was founded in 1978 in Marseille and designs, manufactures, and supplies high‑technology valves and related equipment for the oil and gas sector. The product portfolio includes cryogenic fittings, valves for liquefied natural gas, and subsea hardware engineered to meet stringent industry standards. SRI serves major integrated oil companies, national gas operators, and large engineering contractors, with customers such as Total, GDF Suez and Technip. The company operates two production sites located in Marseille and Lille and employs roughly 200 staff across engineering, manufacturing and support functions. Export accounts for about two‑thirds of revenue, reflecting a sales model that relies on a global distributor network and direct project contracts. Since its initial focus on West Africa and Northern Europe, SRI has expanded into Asia, South America and Eastern Europe, establishing a presence in emerging hydrocarbon basins.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with SUD ROBINETTERIE INDUSTRIE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2014 | NAXICAP PARTNERS | SUD ROBINETTERIE INDUSTRIE | FRANCE | Industrial Equipment | Sud Robinetterie Industrie has been acquired by Naxicap Partners, concluding a transaction that replaces the longstanding shareholder 21 Partners with the new private‑equity sponsor. The sale was executed through a competitive process coordinated by Bucéphale Finance and involved senior financing arranged by a syndicate of banks led by CIC, complemented by a mezzanine tranche provided by Natixis' FCT |
REFERENCES
Revenue range: 50M - 100M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SUD ROBINETTERIE INDUSTRIE 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: sud robinetterie industrie
Acquirer: 21 invest