EURAZEO takes majority stake in IES SYNERGY
Context
The acquisition of IES by Eurazeo Croissance represents a strategic move to support the growth and development of a pioneering company in the electric vehicle charging market. With its strong expertise and recognized products, IES is well-positioned to benefit from the increasing demand for electric vehicle charging solutions. Eurazeo Croissance's investment in IES aims to provide the company with the necessary resources to accelerate its transformation into a global leader in the electric vehicle charging market. The partnership between Eurazeo Croissance and IES's management team is expected to drive the company's growth, both organically and through external opportunities. The acquisition is also expected to enable IES to reinforce its research and development capabilities, further develop its commercial presence internationally, and explore new opportunities for growth. By combining IES's technical expertise with Eurazeo Croissance's financial and strategic support, the company is poised to become a leading player in the global electric vehicle charging market.
IES SYNERGY, which reported an EBITDA margin of LOGIN in 2012, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Industry & Manufacturing market trends
Target
IES is a French company that designs and manufactures charging systems for electric vehicles. Founded in 1992, the company initially focused on industrial vehicle chargers but has since expanded its product line to include onboard chargers for electric cars and high-power external chargers. IES has developed a recognized expertise in compact and high-performance products, mastering both CHAdeMo and Combo standards. The company has secured significant contracts, including the supply of onboard chargers for Renault's Twizy model, and counts major automotive manufacturers such as Volkswagen and BMW among its clients. With a strong growth trajectory, IES has increased its revenue from 5 million euros in 2006 to 14 million euros in 2012. The company's business model is centered around the development and sale of charging solutions, with a focus on innovation, quality, and customer service. IES operates primarily in the business-to-business segment, supplying its products to automotive manufacturers and other industry players.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Industry & Manufacturing
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 10/2018 | SOCIETE GENERALE CAPITAL PARTENAIRES / BNP PARIBAS DEVELOPPEMENT | GROUPE GRIS | FRANCE | Automotive | Groupe GRIS successfully completed a capital reorganization through a Management Buy-Out (MBO). The entry of SGCP and BNP Paribas Developpement provided the financial stability to pursue the group's "GRIS 2022" strategic plan, which focused on modernizing production tools and expanding its market share in Germany |
| 06/2017 | CVC | PASUBIO GROUP | ITALY | Automotive | CVC Capital Partners acquired a controlling 90% stake in the holding company that owns Pasubio Group. The transaction was structured as a Primary LBO, transitioning the company from a purely family-owned business to a private equity-backed platform |
| 02/2016 | ALPHA PRIVATE EQUITY | FINANCIÈRE COFIDIM (FEU VERT) | FRANCE | Automotive | The transaction involves the acquisition of a controlling stake in Financière Cofidim by Alpha Private Equity, which is acquiring the interests previously held by Qualium Investissement (60%) and the Monnoyeur Group (40%) |
| 01/2016 | EQUISTONE | NOVARES | FRANCE | Automotive | Equistone Partners Europe has acquired a majority stake in Mecaplast, the Monegasque automotive supplier. The transaction involves the sale of shares by the family of Chairman Thierry Manni and a reduction in the participation of the Fonds Avenir Automobile (FAA), managed by Bpifrance, which had supported the group since 2009 |
| 09/2015 | BAIN CAPITAL | AUTODISTRIBUTION / PARTS HOLDING EUROPE | FRANCE | Automotive | This transaction represents a major secondary leveraged buyout, marking the successful exit of the incumbent private equity consortium that had steered the company through a significant turnaround phase, more than tripling profits during its tenure |
| 03/2015 | HAVERSHAM HOLDINGS | CONSTELLATION AUTOMOTIVE | UNITED KINGDOM | Automotive | The sale of BCA to Haversham Holdings marks a significant transaction in the European used vehicle market. Under CD&R ownership, BCA has undergone significant transformation, diversifying its business and investing in technology and digital platforms |
| 10/2014 | ZHONGDING GROUP | KACO GMBH | GERMANY | Automotive | The acquisition of 80% of KACO by the Zhongding group from the Brazilian Sabo group marks the culmination of a purely financial ownership cycle, paving the way for a phase of cross-border industrial consolidation aimed at creating a global leader in technical sealing |
| 04/2014 | VIGNAL GROUP | ABL LIGHTS | FRANCE | Automotive | The acquisition of ABL Lights by Vignal Systems is a strategic move to consolidate the European market for work lights and signalling lights for industrial vehicles. By combining their complementary product lines and customer portfolios, the two companies aim to step up their development in Europe, the United States, and Asia |
| 02/2014 | EURAZEO | VIGNAL GROUP | FRANCE | Automotive | The acquisition of Vignal Systems by Eurazeo PME is a strategic move to support the company's growth ambitions, particularly in the areas of internationalization and technological transition. By investing in Vignal Systems, Eurazeo PME aims to leverage its expertise in accompanying companies in their development and expansion strategies |
| 01/2006 | INVESTCORP | AUTODISTRIBUTION / PARTS HOLDING EUROPE | FRANCE | Automotive | Investcorp acquired a majority stake in Autodistribution from a pool of mezzanine lenders (Goldman Sachs, Euromezzanine, CDPQ, Banexi) who had taken control of the company following a debt restructuring in the early 2000s |
REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 5M - 25M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IES SYNERGY by EURAZEO are reserved for mynth community members. Register for free to unlock full data.
Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: ies synergy
Acquirer: eurazeo