ASSYSTEM GLOBAL PRODUCT SOLUTIONS acquired by ARDIAN
Context
Assystem entered into an agreement to sell a majority stake in its Global Product Solutions (GPS) division to Ardian. The transaction was structured as a carve-out where GPS was transferred to a new entity controlled by Ardian. The parent company, Assystem S.A., reinvested a significant portion of the proceeds to retain a minority interest and governance rights. The deal was supported by a senior debt package in the form of a Term Loan B (TLB). This strategic move allowed Assystem to refocus its resources on its historical infrastructure and energy activities, including potential investments in the nuclear sector, while providing GPS with the independent financial structure required for international consolidation.
ASSYSTEM GLOBAL PRODUCT SOLUTIONS, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.
-> Deep-dive in Business Services market trends
Target
Formerly the flagship division of Assystem S.A., GPS specializes in product engineering and outsourced R&D services. The division primarily serves the aerospace (59%) and automotive (33%) sectors, supporting Corporate clients through complex product development cycles.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Business Services
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 06/2017 | ELEMENT MATERIALS TECHNOLOGY | EXOVA GROUP | UNITED KINGDOM | Industrial Services | Element Materials Technology has completed the acquisition of Exova Group PLC, joining two of the world's leading testing companies to create a single global TIC powerhouse. The deal was won following a competitive process involving other major bidders, including PAI Partners and Jacobs Holding AG. The strategic rationale for the deal is to achieve massive global scale, combining technical expertise to become the leader in global aerospace, oil and gas, and fire safety testing. The combined group expects to generate annual revenues in excess of $700 million and employs over 6,200 people |
| 06/2017 | PARQUEST CAPITAL | ACCES INDUSTRIE | FRANCE | Industrial Services | The management team of Acces Industrie completed an MBO valued at approx. US$115M (~EUR100M). Parquest Capital took the lead alongside Irdi Soridec and CM-CIC to acquire the majority stake held by Butler Capital Partners. Oaklins advised the management on the reinvestment and the refinancing of the company's senior debt, which included a US$73M bullet loan from Idinvest Partners and Artemid. |
| 05/2017 | ADVENT INTERNATIONAL | IPH GROUP | FRANCE | Industrial Services | Advent International has acquired IPH from PAI Partners as part of a private equity transaction aimed at creating a leading European distributor of industrial supplies. The deal follows several years of steady growth under PAI's ownership, during which IPH was transformed into a pan-European B2B technical distribution platform. The acquisition is part of Advent's sector consolidation strategy, which previously involved taking UK-based distributor Brammer private. The goal was to merge the two groups, creating a premier European player with combined revenues exceeding €2 |
| 02/2017 | LOXAM | HUNE | SPAIN | Industrial Services | The acquisition of Hune by Loxam is a strategic move to consolidate the European equipment rental market and expand Loxam's presence in the Iberian region. The deal enables Loxam to strengthen its market position in Spain and Portugal, and to extend its geographical reach to new markets such as Saudi Arabia and Colombia. The acquisition is expected to generate significant synergies, both in terms of cost savings and revenue growth, as Loxam is able to leverage Hune's network of agencies and customer base to expand its own operations |
| 04/2016 | ARDIAN | TRIGO | FRANCE | Industrial Services | Ardian entered into exclusive negotiations with IK Investment Partners to acquire a majority stake in Trigo Group. The transaction was structured as a partnership with the existing management team, which remained in place to drive the next phase of development. The deal aimed to support Trigo's international growth strategy and its consolidation of the global quality services market through strategic acquisitions across Europe, Asia, and the Americas. The investment provided the group with the long-term resources required to expand its service offering and strengthen its leadership in the aerospace and automotive verticals |
| 12/2015 | BRIDGEPOINT | ELEMENT MATERIALS TECHNOLOGY | UNITED KINGDOM | Industrial Services | Bridgepoint has acquired a majority stake in Element Materials Technology from 3i Group and its managed funds. This secondary LBO marks the end of a highly successful five-year partnership with 3i, during which Element nearly trebled its revenue and quadrupled its EBITDA through 10 strategic acquisitions. The strategic rationale for Bridgepoint is to utilize Element as a primary platform for further consolidation in the global materials testing market. Bridgepoint intends to support CEO Charles Noall and his team in accelerating their buy-and-build strategy over the next five years, expanding the group’s technical capabilities and geographic reach |
| 12/2015 | KKR | LGC GROUP | UNITED KINGDOM | Industrial Services | KKR has signed a definitive agreement to acquire LGC Group from the private equity firm Bridgepoint. This secondary LBO marks a transition for LGC following its ownership by Bridgepoint, which acquired the company in 2010. The strategic rationale for the acquisition is to leverage KKR’s global platform to accelerate LGC’s growth, particularly in North America and Asia. KKR intends to support the company’s ongoing focus on R&D and pursue an aggressive buy-and-build strategy to consolidate the fragmented life sciences tools and services market |
| 10/2015 | MBO+ | EMAGINE | DENMARK | Industrial Services | The deal involves the opening of EMAGINE's capital to MBO PARTENAIRES, allowing the company to take independence from its former parent group GFT. The transaction is led by EMAGINE's management team, led by Jean-François Bodin, who become majority shareholders. The deal provides EMAGINE with the financial resources and support to pursue its development objectives, including accelerating its growth and expanding its international presence through potential acquisitions. The partnership with MBO PARTENAIRES brings expertise and resources to support EMAGINE's strategic plans, including reinforcing its positioning as a specialist in niche markets and pursuing its international development |
| 09/2015 | SPRINGWATER CAPITAL | IMTECH ESPAÑA | SPAIN | Industrial Services | The acquisition of Imtech España by Springwater Capital is a strategic move to create a national engineering services champion in Spain with a critical size to compete internationally. The transaction is subject to approval of the Spanish merger authorities. The acquisition fits well into Springwater's strategy to build a strong presence in the industrial services sector in Spain. Imtech España's operations and employees will be integrated into Springwater's existing portfolio of companies in the sector |
| 12/2013 | SOCOTEC | ATS | FRANCE | Industrial Services | Socotec has finalized the 100% acquisition of ATS and its international subsidiaries in Italy and China from its founding directors. This transaction represents a strategic build-up for Socotec, which has been operating under a secondary LBO backed by Cobepa and Five Arrows Managers for approximately one year. The transaction is driven by the significant reinforcement of Socotec’s technical capabilities in the specialized Oil & Gas quality control market. Beyond enhancing technical synergy, the acquisition provides a critical geographic expansion, granting the group an immediate footprint in Italy and Asia through established subsidiaries in Milan and Shanghai |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 450M - 900M EUR
EBITDA range: 25M - 50M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ASSYSTEM GLOBAL PRODUCT SOLUTIONS by ARDIAN 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: assystem global product solutions
Acquirer: ardian