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01/2025

FAUCHE takes majority stake in SYLPA

FRANCE Construction / Public Works / Utilities Networks (Water/Fiber) EV 50M - 150M EUR

Context

Electrical engineering specialist Groupe Fauché has successfully completed the acquisition of Sylpa, an Île-de-France-based peer, following a highly competitive, industrials-only auction process advised by Investec. The transaction facilitates the full exit of private equity sponsor Andera Partners, which had backed the target since 2019 through its sponsorless vehicle, Acto Mezz III. The acquisition was funded utilizing Groupe Fauché’s existing bank debt—secured during its recent MBO backed by minority investor EMZ—coupled with a private debt facility provided by GSO Financement. The targeted sell-side process generated significant market appetite, attracting six indicative offers from various corporate players. For the acquirer Groupe Fauché, this first milestone acquisition since its corporate reorganization is highly complementary to its geographic footprint. By integrating Sylpa, the Montauban-based group secures a dedicated regional subsidiary and significantly expands its business volume within the highly strategic Île-de-France market. The operation should also allow the Group to exceed €500M in revenue.

It is worth noting that the fund Andera Partners took control of Sylpa through an LBO in 2019.

SYLPA, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

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.

Target

Groupe Sylpa is a specialized provider of electrical engineering, installation, and maintenance services firmly established in the Île-de-France region. Operating as a pure player through its legacy operational subsidiaries, some of which were founded nearly 80 years ago (ETT, ENTRA, SGEA, IECF, and APELTEC), the company delivers critical expertise across electrical installations, distribution networks, public lighting, and urban video protection (VPU) infrastructure. Supported by a network of eight regional sites, the group primarily serves a public sector client base. Operationally, Sylpa employs a dedicated workforce of over 300 professionals.

Ent. Value

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2023
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2022
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Other operations with SYLPA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
11/2019ANDERA PARTNERSSYLPAFRANCEConstruction

Groupe SYLPA has successfully completed a new LBO through a sponsorless transaction. This deal enables founding president Pascal Fournet-Fayard, CEO Olivier Godefroy, and a management team of six executives to significantly increase their equity stake in the business

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

EBITDA 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 SYLPA by FAUCHE 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).