At what enterprise value was EXOVA GROUP acquired in 2017?

During the acquisition of EXOVA GROUP by ELEMENT MATERIALS TECHNOLOGY in 2017, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EXOVA GROUP when it was acquired by ELEMENT MATERIALS TECHNOLOGY?

The estimated EV/EBITDA multiple for EXOVA GROUP is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was EXOVA GROUP acquired by ELEMENT MATERIALS TECHNOLOGY?

EXOVA GROUP was acquired by ELEMENT MATERIALS TECHNOLOGY in 2017.

What was the revenue of EXOVA GROUP at the time of the deal?

The revenue of EXOVA GROUP at the time of the deal is estimated to be in the range of 250M - 500M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of EXOVA GROUP during the acquisition?

EXOVA GROUP's EBITDA is estimated to be in the range of 50M - 100M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the EXOVA GROUP 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 EXOVA GROUP 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.element.com/about-element/news/2017/06/28/exova-deal

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Home Database Business ServicesEXOVA GROUP

06/2017

EXOVA GROUP acquired by ELEMENT MATERIALS TECHNOLOGY

UNITED KINGDOM Industrial Services / TIC (Testing, Inspection, Certification) EV 500M - 1.5b GBP

Context

Element Materials Technology has completed the acquisition of Exova Group PLC, joining two of the world's leading testing companies to create a single global TIC powerhouse. The deal was won following a competitive process involving other major bidders, including PAI Partners and Jacobs Holding AG. The strategic rationale for the deal is to achieve massive global scale, combining technical expertise to become the leader in global aerospace, oil and gas, and fire safety testing. The combined group expects to generate annual revenues in excess of $700 million and employs over 6,200 people. To support the acquisition, Element successfully raised $1.4 billion in first and second lien term debt, which was 4x oversubscribed, demonstrating strong lender confidence in the combined group's cash-flow potential and market-leading position.

EXOVA GROUP, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services 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.

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Target

Exova Group PLC is a leading laboratory-based testing group that provides safety and performance testing for products used across various industrial sectors, including aerospace, pharmaceuticals, oil and gas, and fire and building products. The organization operates a global network of laboratories dedicated to ensuring that materials and products meet regulatory standards and performance specifications. With a strong presence in Europe and North America, the entity specializes in high-stakes testing environments where precision and compliance are critical to the supply chain. Before its acquisition, the firm was listed on the London Stock Exchange and was recognized for its deep technical expertise in materials testing and product qualification.

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05/2017	ARDIAN	ASSYSTEM GLOBAL PRODUCT SOLUTIONS	FRANCE	Industrial Services	Assystem entered into an agreement to sell a majority stake in its Global Product Solutions (GPS) division to Ardian. The transaction was structured as a carve-out where GPS was transferred to a new entity controlled by Ardian
02/2017	LOXAM	HUNE	SPAIN	Industrial Services	The acquisition of Hune by Loxam is a strategic move to consolidate the European equipment rental market and expand Loxam's presence in the Iberian region. The deal enables Loxam to strengthen its market position in Spain and Portugal, and to extend its geographical reach to new markets such as Saudi Arabia and Colombia
04/2016	ARDIAN	TRIGO	FRANCE	Industrial Services	Ardian entered into exclusive negotiations with IK Investment Partners to acquire a majority stake in Trigo Group. The transaction was structured as a partnership with the existing management team, which remained in place to drive the next phase of development
12/2015	KKR	LGC GROUP	UNITED KINGDOM	Industrial Services	KKR has signed a definitive agreement to acquire LGC Group from the private equity firm Bridgepoint. This secondary LBO marks a transition for LGC following its ownership by Bridgepoint, which acquired the company in 2010
12/2015	BRIDGEPOINT	ELEMENT MATERIALS TECHNOLOGY	UNITED KINGDOM	Industrial Services	Bridgepoint has acquired a majority stake in Element Materials Technology from 3i Group and its managed funds. This secondary LBO marks the end of a highly successful five-year partnership with 3i, during which Element nearly trebled its revenue and quadrupled its EBITDA through 10 strategic acquisitions
10/2015	MBO+	EMAGINE	DENMARK	Industrial Services	The deal involves the opening of EMAGINE's capital to MBO PARTENAIRES, allowing the company to take independence from its former parent group GFT. The transaction is led by EMAGINE's management team, led by Jean-François Bodin, who become majority shareholders

REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 250M - 500M GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EXOVA GROUP by ELEMENT MATERIALS TECHNOLOGY 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).

Press release: view release

Acquirer: element materials technology