At what enterprise value was FLOWBIRD (EX PARKEON) acquired in 2016?

During the acquisition of FLOWBIRD (EX PARKEON) by ASTORG in 2016, 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 300M - 700M EUR. 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 TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FLOWBIRD (EX PARKEON) when it was acquired by ASTORG?

The estimated EV/EBITDA multiple for FLOWBIRD (EX PARKEON) is in the range of 10x - 18x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was FLOWBIRD (EX PARKEON) acquired by ASTORG?

FLOWBIRD (EX PARKEON) was acquired by ASTORG in 2016.

What was the revenue of FLOWBIRD (EX PARKEON) at the time of the deal?

The revenue of FLOWBIRD (EX PARKEON) at the time of the deal is estimated to be in the range of 150M - 250M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FLOWBIRD (EX PARKEON) during the acquisition?

FLOWBIRD (EX PARKEON)'s EBITDA is estimated to be in the range of 25M - 50M EUR. 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 FLOWBIRD (EX PARKEON) 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 FLOWBIRD (EX PARKEON) 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.astorg.com/investments/flowbird

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Home Database TMT (Tech, Media, Telecom)FLOWBIRD (EX PARKEON)

04/2016

FLOWBIRD (EX PARKEON) acquired by ASTORG

FRANCE Software / Industry-Specific Software EV 300M - 700M EUR

Context

Astorg Partners has acquired Parkeon from the British investment firm ICG, which had held the majority stake since a 2012 debt-to-equity swap. The strategic rationale for the deal is based on the sustainable growth engine of urbanization and the company's successful pivot toward a high-margin digital service model. As part of the new capital structure, a group of fifteen senior managers, led by CEO Bertrand Barthélémy, has reinvested in the company, holding a 13% stake alongside Astorg’s 87% majority. This acquisition marks a fresh start for Parkeon following a history of heavy debt levels from previous LBOs. The new ten-year fund cycle provided by Astorg allows for a long-term strategy focused on international expansion and continued investment in digital innovation, particularly in mobile payments and Big Data for smart cities. The deal highlights the transition of the company from a hardware manufacturer to a comprehensive mobility service provider, positioning it to capture the increasing demand for intelligent urban infrastructure globally.

FLOWBIRD (EX PARKEON), which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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 TMT (Tech, Media, Telecom) market trends

Target

Founded in 2004 as a spin-off from Schlumberger’s urban electronics division, Parkeon is a global leader in parking management and transport ticketing solutions. The organization operates a dual business model combining industrial manufacturing with high-value digital services, including contactless payment systems, remote parking applications, and Big Data analytics for urban mobility. Its value proposition centers on helping municipalities regulate parking and solve congestion and pollution issues through innovative technology. With a portfolio of 4,000 cities worldwide, the company generates 80% of its revenue outside of France. The entity invests significantly in R&D to facilitate intermodality in transport ticketing, maintaining a strong technological edge in the "Smart City" market. Headquartered with significant operations in Besançon, the group employs 900 people dedicated to sustainable urban growth.

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FLOWBIRD (EX PARKEON) by ASTORG 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: astorg