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 in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).
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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.
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 450M - 900M EUR
EBITDA range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: assystem global product solutions
Acquirer: ardian