At what enterprise value was BTP CONSULTANTS acquired in 2021?

During the acquisition of BTP CONSULTANTS by APAX PARTNERS / BPIFRANCE in 2021, 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 50M - 150M 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 BTP CONSULTANTS when it was acquired by APAX PARTNERS / BPIFRANCE?

The estimated EV/EBITDA multiple for BTP CONSULTANTS 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 BTP CONSULTANTS acquired by APAX PARTNERS / BPIFRANCE?

BTP CONSULTANTS was acquired by APAX PARTNERS / BPIFRANCE in 2021.

What was the revenue of BTP CONSULTANTS at the time of the deal?

The revenue of BTP CONSULTANTS at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BTP CONSULTANTS during the acquisition?

BTP CONSULTANTS'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 BTP CONSULTANTS 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 BTP CONSULTANTS 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://presse.bpifrance.fr/apax-partners-et-bpifrance-entrent-en-negociations-exclusives-en-vue-de-leur-entree-au-capital-du-groupe-btp-consultants/?lang=fra

← DATABASE

Home Database Business ServicesBTP CONSULTANTS

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.

-> Deep-dive in Business Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2021	QCAPITAL	VENPA	ITALY	Industrial Services	QCapital acquired a 42.5% stake in Venpa for EUR15 million. This primary LBO was designed to professionalize the family-owned business (Pege and Piovan families) and launch an aggressive "buy-and-build" strategy
04/2021	DWS GROUP / CDPQ - CAISSE DE DEPOT ET PLACEMENT DU QUEBEC	ERMEWA	FRANCE	Industrial Services	SNCF sold its 100% stake in Ermewa to a consortium composed of CDPQ and DWS. This major infrastructure transaction allows the group to reduce the its debt.
02/2021	ARDIAN	GBA GROUP	GERMANY	Industrial Services	Ardian has announced the acquisition of a majority stake in GBA Group, partnering with the existing management team and Quadriga Capital. This transaction follows a period of significant growth under the previous ownership, during which the target successfully institutionalized its platform and expanded its geographic reach through targeted acquisitions
02/2021	NORD COFFRAGE	RENTMAT BTP	FRANCE	Industrial Services	Nord Coffrage acquired Rentmat BTP to solidify its national presence. Following the acquisition of Gradel in 2019, this deal allowed the group to cross the EUR40M revenue milestone. Yann Vuillaumier, Rentmat's founder, reinvested significantly in the group and was appointed Managing Director to lead operations alongside its President
02/2021	CLAYTON, DUBILIER & RICE (CD&R)	WOLSELEY UK	UNITED KINGDOM	Industrial Services	Clayton, Dubilier & Rice has completed the acquisition of Wolseley UK from its former parent company, Ferguson plc (LSE: FERG). This strategic carve-out allows Ferguson to focus exclusively on its North American operations while providing Wolseley with the dedicated capital and operating capabilities needed to accelerate its growth in the UK market
01/2021	KILOUTOU	SALMAT	FRANCE	Industrial Services	Kiloutou acquired Salmat Nord to strengthen its historical stronghold in the Hauts-de-France region. This "bolt-on" transaction allowed Kiloutou to integrate a high-quality local fleet and a loyal customer base, optimizing its logistics and network density in a key industrial and construction hub
01/2021	SOCIETE GENERALE CAPITAL PARTENAIRES	DELTA SERVICE LOCATION	FRANCE	Industrial Services	A group of financial investors led by SGCP and Geneo Capital took a majority stake in DSL to support its "buy-and-build" strategy and national expansion. The deal, valued at approx. EUR70M, highlights the premium attached to specialized rental players with high technical expertise compared to generalist rental companies
12/2020	SGS	SYNLAB ANALYTICS	GERMANY	Industrial Services	SGS SA has completed the acquisition of the Analytics & Services (A&S) unit from SYNLAB Group. The transaction, initially announced in November 2020, represents a strategic carve-out that allows SYNLAB to divest its non-core laboratory activities and fully concentrate on its primary medical diagnostic services
12/2020	UTAC CERAM	MILLBROOK	UNITED KINGDOM	Industrial Services	Utac Ceram acquired 100% of Millbrook from the British group Spectris. This transformative transaction, signed shortly after the acquirer's secondary LBO, allowed the group to double its size in terms of both revenue and headcount
12/2020	APPLUS+ GROUP	QPS EVALUATION SERVICES	CANADA	Industrial Services	Applus+ has acquired 100% of the share capital of QPS Evaluation Services Inc. from its founding partners. The three senior managers of QPS, including the President, have committed to remaining with the business for several years to ensure a smooth integration

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: 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: btp consultants

Acquirer: apax partners / bpifrance