At what enterprise value was CROUZET acquired in 2022?

During the acquisition of CROUZET by TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRES in 2022, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of CROUZET when it was acquired by TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRES?

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

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.fusacq.com/buzz/lbo-france-se-separe-de-crouzet-a224826_fr_

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

04/2022

CROUZET acquired by TIKEHAU CAPITAL, BPIFRANCE & SOCIETE GENERALE CAPITAL PARTENAIRES

FRANCE Hardware & Electronics / Electronic Components / Sensors & Optics EV 300M - 700M EUR

Context

Tikehau Ace Capital, in partnership with Bpifrance and Société Générale Capital Partenaires, entered into exclusive negotiations with LBO France to acquire 100% of the capital of Crouzet. This operation marks a new stage in the development of the industrial player, following a period under LBO France characterized by the integration of the Garos activity and a rationalization of the industrial tool. The transaction is structured as a secondary LBO, with the acquisition debt provided by Barings via a unitranche facility. The management team, led by David Arragon, reinvested in the operation to maintain a minority stake. The post-acquisition strategy focuses on accelerating external growth in a still highly fragmented market for electrical and electronic components. The group also plans to strengthen its positions on next-generation aerospace programs and diversify into electrification markets. The new shareholders provide financial power to support operational deployment in key geographic areas while securing the strategic nature of this supplier for the defense and transport industries.

In the past, Crouzet underwent an LBO led by Lbo France in 2017.

CROUZET, which reported an EBITDA margin of in 2021, 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
12/2017	LBO FRANCE	CROUZET	FRANCE	Sensors & Optics

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 CROUZET by TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRES 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.

Target: crouzet

Acquirer: tikehau capital / bpifrance / societe generale capital partenaires