At what enterprise value was GROUPE CLIMATER acquired in 2025?

During the acquisition of GROUPE CLIMATER by ICG in 2025, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of GROUPE CLIMATER when it was acquired by ICG?

The estimated EV/EBITDA multiple for GROUPE CLIMATER is in the range of 10x - 18x.

When was GROUPE CLIMATER acquired by ICG?

GROUPE CLIMATER was acquired by ICG in 2025.

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 450M - 900M EUR.

What was the EBITDA of GROUPE CLIMATER during the acquisition?

GROUPE CLIMATER's EBITDA is estimated to be in the range of 50M - 100M 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

02/2025

GROUPE CLIMATER acquired by ICG

FRANCE Facility Management / Maintenance / HVAC EV 500M - 1.5b EUR

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.

It is worth noting that the fund Cobepa took control of Groupe Climater through an LBO in 2021.

GROUPE CLIMATER, which reported an EBITDA margin of in 2027, is valued in this transaction at an EV/EBITDA multiple of , representing a level 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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2027

2026

Other operations with GROUPE CLIMATER

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2021	COBEPA	GROUPE CLIMATER	FRANCE	HVAC

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M 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 ICG 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: icg