At what enterprise value was AGQ LABS acquired in 2025?

You can find the full valuation details of AGQ LABS on mynth capital. 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 AGQ LABS when it was acquired by FREMMAN CAPITAL?

The exact EV/EBITDA multiple for AGQ LABS is available on mynth capital. 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 AGQ LABS acquired by FREMMAN CAPITAL?

AGQ LABS was acquired by FREMMAN CAPITAL in 2025.

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 AGQ LABS 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 AGQ LABS 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://fremman.com/fremman-capital-acquires-portobello-capitals-stake-in-agq-labs-a-leading-global-testing-and-analysis-laboratory-platform-and-partners-with-the-founders-to-support-the-companys-next/

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Home Database Business ServicesAGQ LABS

09/2025

AGQ LABS acquired by FREMMAN CAPITAL

SPAIN Industrial Services / TIC (Testing, Inspection, Certification) REV 1m EUR - 100m EUR

Context

Marking a significant milestone in its global expansion journey, AGQ Labs has entered into a definitive agreement for Fremman Capital to acquire the stake previously held by Portobello Capital. This secondary buyout facilitates the successful exit of Portobello’s Structured Partnerships Fund while ensuring a continued partnership with the company’s founders, Estanislao Martinez and Coral Zamora. The strategic shift follows a period of rapid consolidation during which the group successfully integrated eight bolt-on acquisitions and doubled its laboratory network. Joining forces with the founders, Fremman aims to leverage its pan-European network to accelerate the next phase of growth, focusing on deepening presence in core international markets and broadening the specialized service offering. The partnership is designed to capitalize on favorable market dynamics, including the increasing trend toward outsourcing technical testing and the globalization of food safety standards. By reinforcing its leadership in the Testing, Inspection, and Certification (TIC) segment, the organization is positioned to deliver enhanced value across highly regulated industries, including life sciences and sustainable mining.

It is worth noting that the fund Portobello Capital took control of Agq Labs through an LBO in 2020.

AGQ LABS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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

AGQ Labs is an international technical service provider specializing in advanced laboratory analysis and specialized chemical engineering. The organization operates a network of high-tech laboratories delivering testing and trial services to the food, environment, and agronomy sectors. Its value proposition is based on the integration of cutting-edge technology with deep sector-specific knowledge, particularly within the food supply chain workflow from origin to distribution. The entity’s strategy centers on supporting the agricultural and mining industries through precise chemical trials and health and safety monitoring. By positioning itself at critical points of the production cycle—including aquaculture, meat, and animal feed—the firm ensures quality and regulatory compliance for global retailers and producers. The firm serves as a strategic partner in the digital and environmental transformation of the primary sector, emphasizing sustainable agronomy and environmental stewardship through its international presence across multiple continents.

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Other operations with AGQ LABS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2020	PORTOBELLO CAPITAL	AGQ LABS	SPAIN	Industrial Services	The strategy behind this acquisition focuses on the AGQ Labs' international expansion and technological development. Despite the global market volatility at the time of closing, the partnership with Portobello Capital represents a significant milestone for the founders, providing the backing of a major institutional investor through its inaugural minorities fund

REFERENCES

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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).

Press release: view release

Acquirer: fremman capital