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01/2024MinorityLBO

BNP Paribas Developpement, Societe Generale Capital Partenaires, BTP Capital, Bpifrance & Credit Mutuel Equity invest in Demathieu Bard

FRANCE Construction REV €1–10bn

Context

Demathieu Bard has completed its fifth management buy-out, a strategic transaction designed to further align company ownership with its operational leadership. The deal facilitates a significant increase in the stake held by the company's internal stakeholders. The historical management team, the group's executive board, and over 225 senior managers, alongside an employee savings fund (FCPE), now collectively own a controlling majority of the company's capital. This move solidifies management's control and is intended to foster long-term commitment and drive continued growth from within. The remaining minority stake is held by a consortium of eleven financial investors. This pool is largely composed of long-standing partners who have supported the company through previous buy-outs, demonstrating their sustained confidence in the group's strategy and performance. The consortium was also expanded to include a new investor, Crédit Agricole Régions Investissement. The transaction was financed with a senior debt package provided by a syndicate of four French banks: LCL, Crédit Agricole, BPCE, and CIC Est. This leveraged buy-out structure supports the group's capital reorganization following a period of strong top-line growth and positions it for its next strategic phase.

Demathieu Bard, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only].

Target

Founded in 1861, Demathieu Bard is a major French construction and public works group with a diversified portfolio of activities. The company operates across four primary business lines: Infrastructure & Civil Engineering, Building, Prefabrication, and Real Estate Development. In its Infrastructure and Civil Engineering division, the firm undertakes large-scale projects such as bridges, tunnels, and public transport infrastructure. The Building division covers a wide range of projects, including residential complexes, commercial offices, industrial facilities, and public buildings like hospitals and schools. A key differentiator is its significant in-house prefabrication capability, which allows for greater control over quality, costs, and project timelines by manufacturing structural components off-site. The Real Estate Development arm focuses on managing property projects from land acquisition through to commercialization. With a long-standing history of technical expertise, the group has expanded its footprint beyond France into other European markets and North America. As of the early 2020s, the company employs approximately 4,200 people across 55 locations, positioning itself as a key player in the European construction sector with a reputation for handling complex and technically demanding projects.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€1–10bn
[members only]
[members only]
2022
€1–10bn
[members only]
[members only]

Other operations with BNP Paribas Developpement / Societe Generale Capital Partenaires / BTP Capital / Bpifrance / Credit Mutuel Equity

Other operations with BNP Paribas Developpement / Societe Generale Capital Partenaires / BTP Capital / Bpifrance / Credit Mutuel Equity
DateAcquirerTargetCountrySector
09/2024OUEST CROISSANCE / BPIFRANCETEXELISFRANCEHeavy Duty & Special Vehicles
05/2024BPIFRANCE / MUBADALASOCOTECFRANCETIC (Testing, Inspection, Certification)
01/2024ARDIAN / BPIFRANCE / MACSFAPRIUM PHARMACIEFRANCEPharmacy
10/2023MONTEFIORE INVESTMENT / BNP PARIBAS DEVELOPPEMENT / SOCIETE GENERALE CAPITAL PARTENAIRES / CARVEST (CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT)KOESIOFRANCEMSP (Managed Services)
07/2023CREDIT MUTUEL EQUITY / BNP PARIBAS DEVELOPPEMENTDIMOTRANSFRANCEFreight Transport
03/2023BNP PARIBAS DEVELOPPEMENT / BPIFRANCE / BTP CAPITAL / ESFIN PARTICIPATIONSGCCFRANCEConstruction
12/2022IXO PRIVATE EQUITY / BNP PARIBAS DEVELOPPEMENTAIR SUPPORTFRANCEMRO (Maintenance, Repair & Overhaul)
11/2022ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT / IRD INVESTMEDIASCIENCEFRANCEEducational Equipment
10/2022SOCIETE GENERALE CAPITAL PARTENAIRESPOZEOFRANCERetail & Services
09/2022ARKEA CAPITAL / SOCIETE GENERALE CAPITAL PARTENAIRES / BNP PARIBAS DEVELOPPEMENTACB GROUPBELGIUMElectronic Components

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REFERENCES

Revenue range: REV €1–10bn

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Demathieu Bard by BNP Paribas Developpement / Societe Generale Capital Partenaires / BTP Capital / Bpifrance / Credit Mutuel Equity 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: demathieu bard

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Demathieu Bard, a French company specialised in Construction, by BNP Paribas Developpement, Societe Generale Capital Partenaires, BTP Capital, Bpifrance and Credit Mutuel Equity in 2024, structured as a leveraged buyout (LBO).

What was Demathieu Bard’s revenue at the time of the deal?

At the time of the transaction, Demathieu Bard’s annual revenue was estimated within the €1–10bn range (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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