ANDERA PARTNERS takes majority stake in TECNIKABEL
Context
Andera Partners, through its Andera MidCap 5 vehicle, and Equiter have completed the joint acquisition of a 70 percent majority stake in Tecnikabel. The transaction marks Andera’s inaugural deployment within the Italian geography. The founding Garaffi family executed a partial equity rollover to maintain a significant minority interest, ensuring operational continuity and preserving historical customer relationships during the ownership transition. Senior management teams co-invested alongside the financial sponsors to align mid-term operational incentives, while corporate leadership will be altered through the external recruitment of a new Group Chief Executive Officer. Acquisition financing was provided by a domestic banking syndicate including Intesa Sanpaolo, Crédit Agricole, Banco BPM, and Eurizon Capital Real Asset. The post-closing industrial mandate focuses on accelerating inorganic consolidation across European and North American connectivity markets. Capital deployment will prioritize strategic bolt-on acquisitions to capture higher-margin digital and energy transition end-uses. Under this leveraged capital architecture, the sponsors aim to optimize Tecnikabel's operational and financial metrics.
TECNIKABEL, which reported an EBITDA margin of LOGIN in 2023, 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 (11.0x).
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
Tecnikabel operates as a specialized designer and manufacturer of advanced connection systems, cable assemblies, and specialized wiring components for high-value industrial segments. The company's business model relies on serving high-specification industries, utilizing its proprietary research facilities to engineer customized connectivity solutions. Supported by a centralized commercial platform, the organization coordinates extensive distribution channels that bridge key industrial markets across Europe and Asia. The group's operational footprint is structured around international manufacturing capabilities, enabling it to function as an integrated global engineering supplier. Backed by capital from Andera Partners, Equiter, and the Garaffi family since 2024, the enterprise focuses on expanding its localized manufacturing infrastructure, notably within the North American defense and industrial ecosystem. This multi-jurisdictional presence allows the company to secure single-source engineering relationships with multinational corporate accounts and maintain a diversified global market exposure.
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Historical Financials (EUR)
Other operations with TECNIKABEL
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2026 | TECNIKABEL | EIS WIRE & CABLE | UNITED STATES | Industrial Equipment | Tecnikabel has completed the cross-border acquisition of a majority stake in US-based EIS Wire & Cable (« EIS »). The transaction was executed via a private, bilateral process driven by strong industrial complementarities. The financing was structured through Tecnikabel’s existing banking pool, with a key 45% co-investment from Italian public entity SIMEST (CDP Group) via its subsidized Fund 394, co-managed with the Ministry of Foreign Affairs. To ensure continuity, EIS’s management team, led by President Nicholas Moceri, will retain a significant minority stake. Tecnikabel will fully maintain the EIS brand, all employees, and the Massachusetts production facility. Advisors included Dresner Partners, Ethica, McDermott, Schulte, and PwC. This transaction accelerates Tecnikabel's international growth, expanding its presence in the high-value US defense electronics and factory automation sectors. Supported by Andera Partners, Equiter, and the Garaffi family, the group consolidates its position as a global engineering supplier across North America, Europe, and Asia. EIS brings a revenue base exceeding $40 million, a stable tier-one client network (including the US Navy and global allies), and over 700 UL/CSA certifications. Plugging EIS into Tecnikabel’s R&D and commercial platform will unlock significant cross-selling opportunities for advanced connectors while successfully hedging European macroeconomic exposure. |
REFERENCES
Revenue range: 100M - 200M EUR
EBITDA range: 10M - 30M EUR
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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
Target: tecnikabel
Acquirer: andera partners