mynth
← DATABASE
02/2021

BTP CONSULTANTS

Acquired by

APAX PARTNERS & BPIFRANCE

FRANCE Industrial Services / TIC (Testing, Inspection, Certification) EV 50M - 150M EUR

Context

Apax Partners and Bpifrance have entered into an exclusive agreement to acquire a majority stake in BTP Consultants Group, marking a pivotal primary LBO and management transmission. The transaction facilitates the handover from the founder to a new leadership team, which is reinvesting significantly alongside the institutional shareholders. This transition includes an expansion of the employee shareholding base, increasing the number of management-shareholders from six to over twenty. The transaction is driven by the strategic objective of transitioning the group into a national leader through a combined strategy of organic growth and targeted external consolidation. Key development axes include the reinforcement of high-potential segments such as energy renovation, energy diagnostics, and BIM-integrated project management. With the support of its new partners, the organization aims to pursue a proactive build-up strategy to enter new geographic regions and acquire complementary technical expertises, specifically in carbon performance and civil engineering inspection. The operation is supported by a unitranche debt facility designed to provide the group with the financial flexibility required to meet its ambitious scaling objectives while maintaining a focus on technical excellence and customer-centric innovation.

BTP CONSULTANTS, which reported an EBITDA margin of LOGIN in 2020, 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

BTP Consultants Group is a specialized technical service provider for the construction and real estate sectors. The organization operates through a decentralized network of agencies, focusing on two core pillars: technical control for construction and health and safety coordination (SPS). The entity has diversified its value proposition by integrating sustainable development assistance (AMO) and digital transformation services, particularly through Building Information Modeling (BIM) and real estate diagnostics. Its business model centers on technical risk mitigation, ensuring regulatory compliance and structural integrity for public and private property owners. The firm’s strategy emphasizes innovation in carbon performance analysis and the industrialization of construction processes. By leveraging its multidisciplinary expertise, the organization supports technical design and energy renovation projects throughout the French territory. Founded in 1996.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2020
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2019
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Other operations with BTP CONSULTANTS

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M 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 BTP CONSULTANTS by APAX PARTNERS / BPIFRANCE are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: btp consultants

Acquirer: apax partners / bpifrance