Sparring Capital takes majority stake in Elec 44
Context
Sparring Capital acquired a majority stake in Elec 44 to facilitate a management transition as the founders sought to step back from operations. The transaction involves the recruitment of a new CEO to lead the next growth phase. Sparring invested a ticket between €10 million and €15 million (mix of equity and bonds). The founders reinvested alongside the fund. A senior debt package completes the financing with a leverage of approximately 3x EBITDA.
Elec 44, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Elec 44 is a digital "pure player" specializing in the online distribution of electrical equipment. Its catalog features over 6,000 SKUs, ranging from switches and circuit breakers to heating, ventilation (VMC), and renewable energy solutions (photovoltaic, EV charging stations). Originally focused on the B2C market, the company has successfully expanded into the B2B segment, with professional electricians now accounting for nearly 50% of its business. The company operates with a team of 35 employees and is currently doubling its logistics capacity through a site extension to support its high-growth trajectory.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Sparring Capital
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2020 | SPARRING CAPITAL | PURE TRADE WORLDWIDE | FRANCE | Packaging & Containers |
| 09/2010 | SPARRING CAPITAL | IMV TECHNOLOGIES | FRANCE | R&D Biotech |
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REFERENCES
Revenue range: REV €10–30M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Elec 44 by Sparring Capital 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
Acquirer: sparring capital
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