At what enterprise value was CROUZET acquired in 2017?

During the acquisition of CROUZET by LBO FRANCE in 2017, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of CROUZET when it was acquired by LBO FRANCE?

The estimated EV/EBITDA multiple for CROUZET is in the range of 5x - 12x.

When was CROUZET acquired by LBO FRANCE?

CROUZET was acquired by LBO FRANCE in 2017.

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

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

What was the EBITDA of CROUZET during the acquisition?

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

How is the data for the CROUZET 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 CROUZET 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.lbofrance.com/investissement/crouzet/

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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Home Database TMT (Tech, Media, Telecom)CROUZET

12/2017

CROUZET acquired by LBO FRANCE

FRANCE Hardware & Electronics / Electronic Components / Sensors & Optics EV 100M - 350M EUR

Context

LBO France has entered into a definitive agreement to acquire Crouzet from InnoVista Sensors (formerly Custom & Sensors Technologies). This operation marks a further reduction in the perimeter of InnoVista Sensors, which is controlled by PAI Partners and Carlyle. The transaction is structured as a leveraged buyout, with the financing supported by an unitranche facility provided by Apollo and BlueBay. Crouzet, which has been under the management of David Aragon for approximately eighteen months, is being carved out to become a standalone entity. The strategic rationale for LBO France centers on the company's unique market positioning in medium-series production for critical systems across aeronautics, energy, and infrastructure. By acquiring a company with a strong international presence and specialized technical capabilities, the acquirer intends to capitalize on the stability and niche market protection that Crouzet enjoys relative to larger competitors. The operation is expected to close in early 2018, marking a significant milestone in the target's independence after years of being a subsidiary within a larger sensor portfolio.

CROUZET, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

Crouzet is a nearly century-old manufacturer specializing in sensors and automation systems for critical applications. The organization operates through three primary production centers located in France, Morocco, and China. It addresses diverse professional markets, with aeronautics serving as a flagship sector where it provides position sensors and cockpit controls to aircraft manufacturers. Beyond aerospace, the business provides access control solutions for transport, as well as specialized components for energy and infrastructure sectors. The company has established a strategic niche in producing medium-sized series for critical systems, a positioning that shields it from direct competition with global giants or low-cost actors. With a strong international footprint, a significant majority of its commercial activity is generated outside of its home market. Its expertise lies in technical differentiation and reliability, ensuring a stable presence in high-stakes industrial environments.

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Other operations with CROUZET

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2022	TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRES	CROUZET	FRANCE	Sensors & Optics

REFERENCES

Valuation range: EV 100M - 350M 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 CROUZET by LBO FRANCE 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: crouzet

Acquirer: lbo france