At what enterprise value was GROUPE CLIMATER acquired in 2021?

During the acquisition of GROUPE CLIMATER by COBEPA in 2021, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

When was GROUPE CLIMATER acquired by COBEPA?

GROUPE CLIMATER was acquired by COBEPA in 2021.

What was the revenue of GROUPE CLIMATER at the time of the deal?

The revenue of GROUPE CLIMATER at the time of the deal is estimated to be in the range of 150M - 250M EUR.

How is the data for the GROUPE CLIMATER 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 GROUPE CLIMATER 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://capitalfinance.lesechos.fr/deals/lbo/icg-et-krefeld-semparent-de-climater-pour-750-meur-2148142

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesGROUPE CLIMATER

11/2021

GROUPE CLIMATER acquired by COBEPA

FRANCE Facility Management / Maintenance / HVAC EV 300M - 700M EUR

Context

Cobepa acquired a majority stake in Groupe Climater from Sagard. The deal marks the start of a new growth cycle focused on geographical expansion and energy transition services. The management team and historical founders retained a significant minority stake to maintain the group's entrepreneurial culture.

GROUPE CLIMATER, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Founded in 1989, Groupe Climater is a leading French independent specialist in climate engineering and HVAC services. The group operates across the entire value chain: design, installation, and recurring maintenance of thermal, ventilation, and air conditioning systems. It primarily serves the tertiary (offices), healthcare, and Corporate sectors through a decentralized network of over 40 specialized regional agencies.

Ent. Value

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2019

Other operations with GROUPE CLIMATER

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2025	ICG	GROUPE CLIMATER	FRANCE	HVAC

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE CLIMATER by COBEPA 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 climater

Acquirer: cobepa