At what enterprise value was AGQ LABS acquired in 2020?

During the acquisition of AGQ LABS by PORTOBELLO CAPITAL in 2020, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of AGQ LABS when it was acquired by PORTOBELLO CAPITAL?

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

When was AGQ LABS acquired by PORTOBELLO CAPITAL?

AGQ LABS was acquired by PORTOBELLO CAPITAL in 2020.

What was the revenue of AGQ LABS at the time of the deal?

The revenue of AGQ LABS at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of AGQ LABS during the acquisition?

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

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://www.alantra.com/ib-transaction/agq-labs-sell-side-advisory-portobello-capital/

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesAGQ LABS

07/2020

AGQ LABS acquired by PORTOBELLO CAPITAL

SPAIN Industrial Services / TIC (Testing, Inspection, Certification) EV 100M - 350M EUR

Context

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. The strategic rationale centers on leveraging the target's high-end laboratory infrastructure and sector expertise to capture further market share in the global food and environmental Testing, Inspection, and Certification (TIC) market. The capital injection is intended to support the organization’s expansion project, enhancing its international footprint and strengthening its positioning in the complex food workflow testing process. By maintaining the founders' leadership while integrating the strategic oversight of a private equity partner, the organization aims to professionalize its operations and scale its chemical engineering capabilities. This deal highlights the resilience of mission-critical laboratory services and the continued appetite for high-quality technical assets within the European investment landscape, facilitating a platform for long-term growth and technical innovation.

AGQ LABS, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

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, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2025	FREMMAN CAPITAL	AGQ LABS	SPAIN	TIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M 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 AGQ LABS by PORTOBELLO CAPITAL 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.

Acquirer: portobello capital