BABCOCK WANSON acquired by AMBIENTA
Context
Ambienta, one of Europe�s largest asset managers entirely focused on environmental sustainability, has announced the acquisition of a majority stake in Babcock Wanson Group. The firm is acquiring the stake alongside Kartesia, the current shareholder who is reinvesting a portion of its proceeds, and the company's management team. The transaction, announced in June 2024, is expected to close in Q3 2024.
BABCOCK WANSON, 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 (11.2x).
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
Babcock Wanson is a leading international provider of industrial process heating equipment and services, specializing in high-efficiency boiler rooms and environmental solutions. Headquartered in France (Chevilly-Larue), the company has transitioned from a traditional boiler manufacturer into a major player in the industrial energy transition. Its business model is built on a "full-lifecycle" approach, encompassing the design, manufacturing, and installation of thermal equipment (including steam boilers, thermal fluid heaters, and air thermal oxidizers) as well as long-term maintenance and water treatment services.
Ent. Value
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 250M - 500M 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).
Target: babcock wanson
Acquirer: ambienta