At what enterprise value was ESTYA acquired in 2025?

During the acquisition of ESTYA by CHARTERHOUSE in 2025, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of ESTYA when it was acquired by CHARTERHOUSE?

The estimated EV/EBITDA multiple for ESTYA is in the range of 10x - 18x.

When was ESTYA acquired by CHARTERHOUSE?

ESTYA was acquired by CHARTERHOUSE in 2025.

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

The revenue of ESTYA at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of ESTYA during the acquisition?

ESTYA's EBITDA is estimated to be in the range of 10M - 30M EUR.

How is the data for the ESTYA 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 ESTYA 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://www.charterhouse.co.uk/news/charterhouse-announces-partnership-with-leading-french-fire-safety-and-security-systems-provider-estya/

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesESTYA

03/2025

CHARTERHOUSE takes majority stake in ESTYA

FRANCE Facility Management / Maintenance / Security & Guarding EV 300M - 700M EUR

Context

Charterhouse agreed to acquire Estya, formerly known as Eris, from Chequers Capital, which had held a majority stake since its initial investment in 2021. The transaction valued the company at an enterprise value of , representing an EV/revenue multiple of based on revenue of . Chequers Capital retained a minority stake, while Estya's management, led by CEO and founder Ludovic Goëta, reinvested in the company. The deal was structured as a secondary buyout, following a competitive process run by Edmond de Rothschild that saw Charterhouse prevail over three other candidates, including Cobepa and Ardian. The acquisition was financed through a unitranche debt facility provided by Arcmont and Parksquare SMBC, representing a leverage of 5.5 times. The lenders also made available a substantial acquisition line for future build-up opportunities. At the time of the transaction, Estya operated 15 agencies in France and had tripled in size since 2021, completing seven acquisitions over that period. The transaction was subject to regulatory approval. Edmond de Rothschild Corporate Finance advised Chequers Capital and Estya's CEO on the sale, with Arnaud Petit, Aurélien Bouvier, Cyrielle Mongardien, Etienne Ceccaldi, Augustin Peyronne and Mathis Coccordano on the M&A team, and Paul Assaël, Arthur de Latour and Pierre-Louis Anaya on debt advisory.

It is worth noting that the fund Chequers took control of Estya through an LBO in 2021.

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Target

Founded in 1974, Estya is a French services provider specialising in electronic fire safety and security systems. The company's offering covers electronic fire detection, smoke extraction and compartmentation, gas detection and electric security. Headquartered in Paris, Estya operates through a network of agencies across France. Its customers rely on mission critical services along the electronic fire safety and security system value chain.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Other operations with ESTYA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2021	CHEQUERS	ESTYA	FRANCE	Security & Guarding

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

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

Press release: view release

Target: estya

Acquirer: charterhouse