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06/2026MajorityLBO

Gimv takes majority stake in Groupe Cap Vert

FRANCE Facility Management / Maintenance / Landscaping EV €300–700M

Context

Cap Vert has completed its fifth leveraged buyout (LBO) with the entry of Gimv as the new majority shareholder, replacing Ambienta, alongside President Eric Girot, the management team, and employees who are reinvesting in the transaction. The sale process, led by Amala Partners, generated significant market interest, with multiple indicative offers and a second round that included only private equity funds. This transaction aims to support a new phase of development focused on accelerating organic growth, strengthening the group's technical expertise, and pursuing an active external growth strategy. Over the past few years, Cap Vert has completed eighteen acquisitions, expanding its service offerings, strengthening its territorial presence, and structuring its activities around several specialized business units. The group now plans to continue consolidating the still-fragmented French market while initiating its development in several neighboring European countries. Prior to the transaction, Cap Vert announced that it had refinanced its debt through a unitranche facility provided by Hayfin, aimed at facilitating the change in ownership. The transaction was advised by Amala Partners and Latham & Watkins on the seller's side, and by Rothschild & Co and Paul Hastings on the buyer's side.

Groupe Cap Vert, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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Target

Cap Vert is a French group specializing in the management of tree and vegetation assets, as well as technical services related to green spaces and infrastructure. The company's offering is built around several complementary business lines, including urban and peri-urban tree pruning, vegetation management near critical infrastructure such as rail, electrical, and highway networks, ecological engineering, landscape design and maintenance, and irrigation and fountain systems. Cap Vert supports a client base comprising local authorities, infrastructure managers, and private companies through recurring contracts focused on the management, maintenance, and preservation of vegetated areas. With a network of numerous agencies covering the French territory, the group can intervene locally while mobilizing specialized expertise at a national level. Cap Vert's business model is based on a multi-specialist organization that combines niche technical expertise with a strategy of integrating regional companies. The group also develops innovative environmental management solutions, such as digital mapping of tree assets, radar-based root inspection, and the use of drones for certain technical interventions.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€100–200M
€25–50M
[members only]
2024
€100–200M
€25–50M
[members only]

Other operations with Groupe Cap Vert

Other operations with Groupe Cap Vert
DateAcquirerTargetCountrySector
01/2022AMBIENTAGROUPE CAP VERTFRANCELandscaping
03/2015CALCIUM CAPITALGROUPE CAP VERTFRANCELandscaping

Other operations with Gimv

Other operations with Gimv
DateAcquirerTargetCountrySector
12/2024GIMVTIBBLOCFRANCEEquipment Rental

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05/2026APOLLO GLOBAL MANAGEMENT / ALPINE INVESTORSAPEX SERVICE PARTNERSUNITED STATESHVAC
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REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €25–50M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Groupe Cap Vert by Gimv 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.

Target: groupe cap vert

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Groupe Cap Vert, a French company specialised in Maintenance, by Gimv in 2026, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in January 2022, when the company was acquired by Ambienta.

How was the acquisition of Groupe Cap Vert by Gimv valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Groupe Cap Vert’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Groupe Cap Vert generated annual revenue estimated in the €100–200M range and EBITDA in the €25–50M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.