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04/2024MajorityLBO

Abenex takes majority stake in Europa Group

FRANCE Professional Services / Marketing & Events REV €100–200M

Context

Abénex has successfully structured a continuation vehicle to acquire a 55% majority stake in Europa Group, facilitating a major secondary leveraged buyout and the transfer of assets from its fifth flagship fund. This strategic operation marks a pivotal shift in the group's governance, allowing the founders to trigger a structured managerial transition while retaining a significant 35% minority stake. The primary objective is to aggressively finance Europa Group's ongoing multiple build-up strategy in specialized medical media to double the group's size by 2029.

As a reminder, Europa Group had previously welcomed Abenex to its capital in 2017.

Europa Group, 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 Business Services sector (10.4x in 2024).

-> Deep-dive in Business Services market trends

Target

Founded in 1987, Europa Group is a premier Europeanorganizer of medical conferences and professional congresses across Europe. Originally focused strictly on event management, the enterprise has successfully executed a major diversification strategy through targeted external acquisitions, expanding deeply into healthcare content, medical publishing, data marketing, and digital health communication. The company now operates two equally balanced core divisions: professional medical events and specialized healthcare media. Driven by a newly structured executive team undergoing a planned managerial transition, the group actively pursues aggressive buy-and-build strategies to continuously integrate specialized media and communication agencies, aiming to vastly multiply its operational scale in the coming years.

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
2024
€100–200M
[members only]
[members only]
2023
€100–200M
[members only]
[members only]

Other operations with Europa Group

Other operations with Europa Group
DateAcquirerTargetCountrySector
05/2017ABENEXEUROPA GROUPFRANCEMarketing & Events

Other operations with Abenex

Other operations with Abenex
DateAcquirerTargetCountrySector
05/2026ABENEX / BPIFRANCETETHYSFRANCEElectronics
09/2022ABENEXORIGIN GROUPFRANCEValves, Pumps & Taps
07/2021ABENEXGROUPE LEADER INSURANCEFRANCEBrokerage
05/2021ABENEXEDLFRANCEHealthcare
09/2020ABENEXINLOGFRANCEHealthcare
04/2018ABENEXEUREKA EDUCATIONFRANCEEducation Providers
05/2017ABENEXEUROPA GROUPFRANCEMarketing & Events
07/2011ABENEXVULCANICFRANCEBoilers & Thermal Solutions

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REFERENCES

Revenue range: REV €100–200M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Europa Group by Abenex 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: europa group

Acquirer: abenex

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Europa Group, a French company specialised in Marketing & Events, by Abenex in 2024, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in May 2017, when the company was acquired by Abenex.

What was Europa Group’s revenue at the time of the deal?

At the time of the transaction, Europa Group’s annual revenue was estimated within the €100–200M range (FY 2024). Detailed financial figures are available to members.

How does the valuation of Europa Group compare to benchmarks in the Business Services sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 10.4x EBITDA during 2024.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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