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05/2014

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.

It is worth noting that the fund Siparex / RhôNes-Alpes Pme took control of Groupe Passman through an LBO in 2010.

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], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.7x).

-> 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

€5–25M

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

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
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

REFERENCES

Revenue range: €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

Acquirer: andera partners