At what enterprise value was BARKENE acquired in 2026?

During the acquisition of BARKENE by ASTORG in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BARKENE when it was acquired by ASTORG?

The estimated EV/EBITDA multiple for BARKENE is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was BARKENE acquired by ASTORG?

BARKENE was acquired by ASTORG in 2026.

What was the revenue of BARKENE at the time of the deal?

The revenue of BARKENE at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BARKENE during the acquisition?

BARKENE's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BARKENE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BARKENE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://astorg-website.files.svdcdn.com/production/downloads/Press-Release_Astorg-to-acquire-Barkene_Final.30.03.26.pdf?dm=1774853931

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Home Database Business ServicesBARKENE

03/2026

BARKENE acquired by ASTORG

FRANCE Facility Management / Maintenance / Security & Guarding EV 100M - 350M EUR

Context

Astorg has reached an agreement to acquire a majority stake in Barkene from Montefiore Investment, marking the ninth investment from its €1.3 billion mid-cap fund. Barkene’s founder will continue to lead the group during this new phase of institutional ownership. The strategic rationale for the acquisition is focused on accelerating Barkene’s "buy-and-build" engine in a market that remains highly atomized. Under Montefiore’s ownership, Barkene successfully integrated 16 acquisitions, growing its revenue to over €110 million by 2025. Astorg intends to double the size of the group within the next five years, primarily through the continued acquisition of small-scale targets (typically under €5 million in revenue) and mid-sized regional players. The strategy capitalizes on Barkene’s high share of recurring contractual revenue and a structural market demand for fire safety and electronic security. The deal, expected to close before the summer of 2026, will be supported by a new debt package currently under negotiation with various lenders. For Astorg, Barkene represents a perfect "platform" asset with 4 to 5% organic growth potential and strong margins, serving as a consolidation vehicle in the French multi-technical security services landscape.

BARKENE, which reported an EBITDA margin of LOGIN in 2025, 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.

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Target

Founded in 2018, Barkene is a French specialist in comprehensive security solutions for people and property. The company operates a multi-technical business model focused on electronic security, fire safety, and automated closing systems. Its value proposition is built on providing integrated safety infrastructure for diverse professional clients, ranging from installation to long-term maintenance. Barkene’s strategy is heavily centered on high contractual recurring revenues, ensuring long-term visibility and client retention. Since its inception, the group has positioned itself as a leading consolidator in a highly fragmented market, leveraging a dense regional network to provide local responsiveness. By integrating specialized technical teams across dozens of agencies, the company addresses the structural demand for regulatory compliance and proactive risk management. Barkene continues to professionalize the security services sector through operational excellence and a disciplined buy-and-build approach, aiming to become a national leader in the protection of sensitive sites and commercial assets.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BARKENE by ASTORG 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: barkene

Acquirer: astorg