ADHETEC has been 100% owned by ADAGIA PARTNERS since April 2023.

At what enterprise value was ADHETEC acquired in 2023?

During the acquisition of ADHETEC by ADAGIA PARTNERS in 2023, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of ADHETEC when it was acquired by ADAGIA PARTNERS?

The estimated EV/EBITDA multiple for ADHETEC is in the range of 10x - 18x.

When was ADHETEC acquired by ADAGIA PARTNERS?

ADHETEC was acquired by ADAGIA PARTNERS in 2023.

What was the revenue of ADHETEC at the time of the deal?

The revenue of ADHETEC at the time of the deal is estimated to be in the range of 25M - 50M EUR.

What was the EBITDA of ADHETEC during the acquisition?

ADHETEC's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the ADHETEC 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 ADHETEC 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.adagiapartners.com/wp-content/uploads/2023/03/2023-03-06-CP-Adagia-Partners-et-Bpifrance-annoncent-la-signature-dun-accord-dexclusivite-avec-Alvest-en-vue-dacquerir-ADHETEC-leader-des-solutions-adhesives-techniques-pour-laeronautique-1.pdf

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

← DATABASE

Home Database Industry & ManufacturingADHETEC

04/2023

ADHETEC acquired by ADAGIA PARTNERS

FRANCE Aerospace, Naval & Defense / Aerostructures EV 100M - 350M EUR

Context

Adagia Partners and Bpifrance entered exclusive negotiations to acquire ADHETEC from Alvest. The transaction aims to support management in its international expansion and to transform ADHETEC into a consolidation platform for customized protection and decoration products in the aerospace sector.

ADHETEC, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

A world leader in technical adhesive solutions for the aerospace and automotive industries. ADHETEC designs and manufactures high-tech products including permanent exterior/interior markings, floor coverings, and functional masking/protection solutions for aircraft manufacturers (OEMs) and airlines (MRO).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Similar deals in Aerospace, Naval & Defense

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2024	CRANE COMPANY	VIAN ENTERPRISES	UNITED STATES	Engines & Systems
12/2023	HENSOLDT GROUP	ESG ELEKTRONIKSYSTEM- UND LOGISTIK	GERMANY	Electronics
12/2022	IXO PRIVATE EQUITY / BNP PARIBAS DEVELOPPEMENT	AIR SUPPORT	FRANCE	MRO (Maintenance, Repair & Overhaul)
09/2021	OPENGATE CAPITAL	SCIOTEQ	BELGIUM	Electronics
05/2019	THE CARLYLE GROUP	FORGITAL GROUP	ITALY	Aerostructures
05/2019	AEA INVESTORS	SPECTRUM CONTROL	UNITED STATES	Electronics
01/2019	ARDIAN	REVIMA GROUP	FRANCE	MRO (Maintenance, Repair & Overhaul)
01/2019	OMNES CAPITAL / ANDERA PARTNERS	SPHEREA	FRANCE	Engines & Systems
11/2018	SAGARD / BPIFRANCE	SABENA TECHNICS	FRANCE	MRO (Maintenance, Repair & Overhaul)
05/2018	TIKEHAU CAPITAL	NEXTEAM	FRANCE	Aerostructures

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADHETEC by ADAGIA PARTNERS 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

Acquirer: adagia partners