At what enterprise value was GROUPE ETPO acquired in 2024?

During the acquisition of GROUPE ETPO by SPIE BATIGNOLLES in 2024, 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 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of GROUPE ETPO when it was acquired by SPIE BATIGNOLLES?

The estimated EV/EBITDA multiple for GROUPE ETPO is in the range of below 5x. Join our community for free to access full valuation data and industry trends.

When was GROUPE ETPO acquired by SPIE BATIGNOLLES?

GROUPE ETPO was acquired by SPIE BATIGNOLLES in 2024.

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

The revenue of GROUPE ETPO 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 GROUPE ETPO during the acquisition?

GROUPE ETPO's EBITDA is estimated to be in the range of 10M - 30M 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 GROUPE ETPO 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 ETPO 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.spiebatignolles.fr/cife-groupe-etpo-rejoint-spie-batignolles/#:~:text=Le%207%20novembre%202023%2C%20Spie,simplifi%C3%A9e%20le%2026%20f%C3%A9vrier%202024.

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Home DatabaseGROUPE ETPO

01/2024

GROUPE ETPO acquired by SPIE BATIGNOLLES

FRANCE Construction / Public Works EV 50M - 150M EUR

Context

Spie batignolles has successfully finalized the acquisition of a controlling block in CIFE / Groupe ETPO, followed by a simplified tender offer to acquire the remaining share capital. This strategic transaction is designed to establish a new specialized autonomous branch within the group, significantly broadening its service offering in maritime, fluvial, and underwater engineering (segments where the acquirer was historically less active). The strategic rationale centers on geographic densification and territorial expansion, particularly in French Overseas Territories and international markets such as Canada and Africa. Prior to the finalization of the control block transfer, the target was streamlined to refocus exclusively on its core construction and public works (BTP) activities through the divestiture of its real estate division and airport concession interests. This integration allows the target to benefit from the acquirer’s centralized commercial coverage and engineering resources while maintaining operational independence. The partnership aims to deliver innovative infrastructure solutions for environmental preservation and large-scale maritime management.

GROUPE ETPO, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

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.

Target

Compagnie Industrielle et Financière d’Entreprises (CIFE), operating as Groupe ETPO, is a century-old technical organization specializing in complex maritime and fluvial infrastructure projects. The entity’s business model is centered on high-expertise civil engineering, underwater works, and specialized construction services for both public and private sectors. Its value proposition lies in its ability to execute technically demanding port developments, bridge construction, and hydraulic works across a diversified geographic footprint including mainland France, Overseas Territories, Africa, and Canada. Strategically, the firm focuses on niche infrastructure segments requiring advanced engineering capabilities and heavy equipment deployment. By integrating a century of industrial legacy with specialized underwater and maritime skills, the organization ensures a mission-critical role in preserving and developing coastal and inland waterway environments. The firm maintains a strong operational presence through its 750 specialized collaborators.

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2022

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 150M - 250M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GROUPE ETPO by SPIE BATIGNOLLES 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).