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GROUPE CLIMATER

Acquired by

ICG

FRANCE Facility Management EV [500m EUR - 1b EUR] 02/2025

Target

GROUPE CLIMATER

Acquirer

ICG

Context

ICG acquired a majority stake in Groupe Climater, facilitating the exit of previous financial sponsors (including Credit Agricole Regions Investissement and others). The deal was structured to support the group's "LBO 4" phase, focusing on accelerating national coverage and expanding service offerings in energy renovation. The management team, which has led the group through several successful LBO cycles, remains significantly invested.

GROUPE CLIMATER, which reported an EBITDA margin of LOGIN in 2027, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 11.1x average currently observed in the Business Services sector.

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

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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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2027
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2026
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Other operations with GROUPE CLIMATER

DateAcquirerTargetCountrySectorDeal Context
11/2021COBEPAGROUPE CLIMATERFRANCEHVAC

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.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.