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 [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Business Services sector (11.4x).
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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.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
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|---|---|---|---|---|
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €450–900M
EBITDA range: €25–50M
EV/Revenue range: below 1.5x
EV/EBITDA range: 10x - 18x
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: 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