mynth
← DATABASE
05/2014Sponsorless

Groupe Passman acquired by Andera Partners

FRANCE Hardware & Electronics / IT Equipment REV €5–25M

Context

Passman has restructured its shareholder base through a secondary management buyout (MBO), with the arrival of ActoMezz as a new shareholder holding a 13% stake, and the partial exit of Siparex and Rhône-Alpes PME Gestion. This transaction enables the three founding managers to strengthen their majority position, increasing it to just over 70%. ActoMezz has invested approximately €10 million in equity and mezzanine financing, while Passman has secured a senior debt facility provided by a pool of five banks, combined with a leasing line. This deal is driven by Passman's ambition to pursue internal growth and international expansion, supporting its clients abroad and developing new offerings to address the evolving market needs. Financial and legal advisory services were provided by Degroof Petercam Finance, Delsol Avocats, and Advance Capital.

In the past, Groupe Passman was acquired by Siparex / Rhônes-Alpes PME in 2010 as part of its expansion strategy.

Groupe Passman, which reported an EBITDA margin of [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of [members only].

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Established in 1995, Passman is a French company that specializes in providing connectivity solutions and managed internet access to public-facing establishments. The company primarily serves the hospitality sector, but also caters to other environments such as campsites, healthcare facilities, collective residences, and select commercial sites. Today, Passman equips over 7,000 establishments with Wi-Fi, TV/IPTV, and digital signage solutions. The group designs and deploys local area network infrastructures that enable secure, stable, and multi-purpose internet access. Its offerings encompass the installation of technical equipment, Wi-Fi network management, and quality of service optimization to ensure a seamless user experience for end-users.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2014
€5–25M
[members only]
[members only]
2013
€5–25M
[members only]
[members only]

Other operations with Groupe Passman

Other operations with Groupe Passman
DateAcquirerTargetCountrySector
04/2026GROUPE PASSMANHOTEL TECHNOLOGY MANAGEMENT (HTM)UNITED KINGDOMIT Equipment
07/2023SIPAREXGROUPE PASSMANFRANCEIT Equipment
03/2019LBO FRANCEGROUPE PASSMANFRANCEIT Equipment
06/2018GROUPE PASSMANSCREEN SERVICESBELGIUMMSP (Managed Services)
04/2010SIPAREX / RHÔNES-ALPES PMEGROUPE PASSMANFRANCEIT Equipment

Other operations with Andera Partners

Other operations with Andera Partners
DateAcquirerTargetCountrySector
03/2022ANDERA PARTNERSGROUPE ERIFRANCEFinishing Works
08/2021ANDERA PARTNERSPATRIMMOFIFRANCEWealth & Asset Management
02/2021ANDERA PARTNERSSOGETRELFRANCEInfrastructures
11/2020LBO FRANCE / ANDERA PARTNERSPRENAX GROUPSWEDENBPO & Outsourcing
10/2020ANDERA PARTNERSGROUPE ARTEMYSFRANCEConsulting & Integration
11/2019ANDERA PARTNERSAUXIGAFRANCEFactoring
11/2019ANDERA PARTNERSSYLPAFRANCEUtilities Networks (Water/Fiber)
01/2019OMNES CAPITAL / ANDERA PARTNERSSPHEREAFRANCEEngines & Systems
07/2018ANDERA PARTNERSSKILL & YOUFRANCEEdTech & Content
10/2016ANDERA PARTNERSACB GROUPBELGIUMElectronic Components

Similar deals in Hardware & Electronics

Similar deals in Hardware & Electronics
DateAcquirerTargetCountrySector
05/2018THE CARLYLE GROUPHGH SYSTÈMES INFRAROUGESFRANCESensors & Optics
12/2017LBO FRANCECROUZETFRANCESensors & Optics
10/2016ANDERA PARTNERSACB GROUPBELGIUMElectronic Components
10/2016CHARTERHOUSESAGEMCOMFRANCEIoT & Connected Objects
06/2015ALLEGIONSIMONSVOSS TECHNOLOGIESGERMANYIoT & Connected Objects
04/2014PAI PARTNERS / THE CARLYLE GROUPINNOVISTA (EX CST)FRANCESensors & Optics
01/2012ARKEA CAPITALACB GROUPBELGIUMElectronic Components
07/2010PUBLIC MARKETS (IPO)SMART TECHNOLOGIESCANADAIT Equipment
05/2010HG CAPITALSIMONSVOSS TECHNOLOGIESGERMANYIoT & Connected Objects
04/2010SIPAREX / RHÔNES-ALPES PMEGROUPE PASSMANFRANCEIT Equipment

REFERENCES

Revenue range: REV €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Groupe Passman by Andera Partners 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 passman

FAQ

What was Groupe Passman’s revenue at the time of the deal?

At the time of the transaction, Groupe Passman’s annual revenue was estimated within the €5–25M range (FY 2014). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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.