mynth
10/2017MajorityLBO

Five Arrows takes majority stake in A2mac1

FRANCE Software / Industry-Specific Software / Automotive EV €100–350M

Context

This transaction represents a primary leveraged buyout marking the first entry of a private equity sponsor into the company's capital. Following a highly competitive auction process managed by a premier investment bank, the incoming financial partner secured absolute majority control, allowing the founding shareholders to exit their positions. The deal follows a period of rapid internationalization and the establishment of a dominant technical database that has become an industry standard for global manufacturers. To capitalize this operation, the structure includes a tailored unitranche and subordinated debt package provided by a specialized asset manager, including a dedicated acquisition line to support the next major phase of geographic expansion into new emerging markets.

A2mac1, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x in 2026).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded in 1997, A2Mac1 is the global leader in automotive competitive benchmarking and technical analysis. The group operates the world's most comprehensive database of automotive parts and vehicle teardown data, providing critical insights to nearly all global car manufacturers and tier-1 suppliers. By dismantling vehicles and digitizing every component, A2Mac1 offers a powerful benchmarking platform that assists engineers in optimizing technology, weight, and costs.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

4x–10x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
€25–50M
€5–25M
[members only]
2016
€25–50M
€5–25M
[members only]

Other operations with A2mac1

Other operations with A2mac1
DateAcquirerTargetCountrySector
11/2022PROVIDENCE EQUITY PARTNERSA2MAC1FRANCEAutomotive

Other operations with Five Arrows

Other operations with Five Arrows
DateAcquirerTargetCountrySector
11/2025FIVE ARROWS / DEUTSCHE BETEILIGUNGS (DBAG)TOTALMOBILEUNITED KINGDOMIndustry-Specific Software
05/2025FIVE ARROWSHUBLOFRANCEHealth Tech
05/2022FIVE ARROWSGROUPE EDHFRANCEEducation Providers
12/2019FIVE ARROWSSOFTWAY MEDICALFRANCEHealthcare
12/2018FIVE ARROWSHARVESTFRANCEFinancial Services / Banking
01/2014FIVE ARROWSDUTSCHERFRANCEMedical Consumables

Similar deals in Software

Similar deals in Software
DateAcquirerTargetCountrySector
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01/2018LINK MOBILITYTOTALCONNECTITALYMarTech
06/2017HG CAPITAL / GIC / MONTAGU PRIVATE EQUITY / ICGVISMA GROUPNORWAYERP, HR & Finance
04/2017HG CAPITALMITRATECHUNITED STATESIndustry-Specific Software
12/2016PARTECH VENTURESECOVADISFRANCEIndustry-Specific Software
07/2016ARDIANDEDALUSITALYHealthcare
06/2016INFOPRO DIGITALEBPBELGIUMConstruction / Real Estate
04/2016ASTORGFLOWBIRD (EX PARKEON)FRANCEIndustry-Specific Software
12/2015HELLMAN & FRIEDMANTEAMSYSTEMITALYERP, HR & Finance
06/2015RAISEQUESTEL GROUPFRANCEIndustry-Specific Software

REFERENCES

Valuation range: EV €100–350M

Revenue range: €25–50M

EBITDA range: €5–25M

EV/Revenue range: 4x - 10x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of A2mac1 by Five Arrows are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: a2mac1

Acquirer: five arrows

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in A2mac1, a French company specialised in Industry-Specific Software, by Five Arrows in 2017, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Providence Equity Partners in November 2022 (see the dedicated deal page for details).

How was the acquisition of A2mac1 by Five Arrows valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band, its EV/EBITDA multiple within the 15x - 25x range, and its EV/revenue multiple within the 4x - 10x range. Exact figures are available to members.

What were A2mac1’s revenue and EBITDA at the time of the deal?

At the time of the transaction, A2mac1 generated annual revenue estimated in the €25–50M range and EBITDA in the €5–25M bracket (FY 2017). Detailed financial figures are available to members.

How does the valuation of A2mac1 compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated valuation multiple in the range of 15x - 25x in 2017, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the TMT (Tech, Media, Telecom) sector are valued at a multiple of 14.6x EBITDA.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

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