mynth
02/2014

APEM GROUP acquired by ICG

FRANCE Industrial Equipment / Components / Electrical Equipment REV 50M - 100M EUR

Context

Apem takes a major strategic step by signing its second buy-out, with the exit of its majority sponsor and former parent company, and reorganizes around its former mezzanine lender ICG, which acquires over 95% of the capital, alongside the managers, this transaction enables Apem to strengthen its presence in key markets and to continue its development and expansion in the international market, with an ambition to strengthen its position as a leader in the human-machine interface sector, and to continue to innovate and offer customized solutions to meet the specific needs of its clients, this transaction is also characterized by an alternative financing scheme, with a corporate debt subscribed from a pool of lenders, and a mezzanine provided by ICG, for a total debt of around 2 times Ebitda, compared to a leverage of 5 to 6 in 2006, this transaction testifies to the confidence of investors in Apem and its growth and development potential. Apem is well-positioned to continue its development and expansion in the international market, with a strategy focused on quality, reliability, and performance, and a willingness to strengthen its presence in key markets.

APEM GROUP, 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 (11.1x).

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.

-> Deep-dive in Industry & Manufacturing market trends

Target

Created in 1952, APEM Group is a global manufacturer of Human-Machine Interface (HMI) solutions, providing specialized components for diverse professional applications including transport, industrial automation, medical, telecommunications, and aerospace. The Group’s product portfolio includes several million switches, joysticks, keyboards, and LED indicators supplied annually to over 20,000 clients worldwide. With 1,280 employees spread across 14 manufacturing sites and 10 sales offices, APEM operates an integrated industrial model from design to production. Its strategy centers on technical expertise and a vast global distribution network, positioning the company as a market leader in Europe for professional HMI components. Under its previous ownership by ICG, APEM focused on high-reliability solutions for harsh environments, ensuring long-term contractual visibility with major industrial OEMs globally.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
LOGIN
LOGIN
LOGIN
2022
LOGIN
LOGIN
LOGIN

Other operations with APEM GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
03/2017IDEC CORPORATIONAPEM GROUPFRANCEIndustrial Equipment

IDEC Corporation has entered into a definitive stock purchase agreement to acquire 100% of APEM Group from Intermediate Capital Group (ICG) and the management team. The transaction was structured through a two-month bilateral process and fully financed by bank loans

REFERENCES

Revenue range: 50M - 100M EUR

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

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).

Target: apem group

Acquirer: icg