At what enterprise value was GROUPE PASSMAN acquired in 2023?

You can find the full valuation details of GROUPE PASSMAN on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of GROUPE PASSMAN when it was acquired by SIPAREX?

The exact EV/EBITDA multiple for GROUPE PASSMAN is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.1x. Join our community for free to access full valuation data and industry trends.

When was GROUPE PASSMAN acquired by SIPAREX?

GROUPE PASSMAN was acquired by SIPAREX in 2023.

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

The revenue of GROUPE PASSMAN at the time of the deal is estimated to be in the range of 25M - 50M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 PASSMAN 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 PASSMAN 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/passman-retrouve-siparex-lbo-france-se-retire-1954113

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Home Database TMT (Tech, Media, Telecom)GROUPE PASSMAN

07/2023

GROUPE PASSMAN acquired by SIPAREX

FRANCE Hardware & Electronics / IT Equipment REV 25M - 50M EUR

Context

In a "sponsor-to-sponsor" transaction, LBO France sells its majority stake in Passman to Siparex ETI. Interestingly, this marks a "return" for Siparex, which was already a shareholder of Passman between 2010 and 2019 before selling to LBO France. Andera Partners (Acto), present since 2014, reinvests alongside the founders. This new LBO aims to support the group's international growth and the deployment of its new energy efficiency solution, "Pass Energy".

Lbo France had previously taken control of the company during an LBO in 2019.

GROUPE PASSMAN, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.1x).

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.

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

Target

A leading provider of digital connectivity solutions for the hospitality, healthcare, military, and retail sectors. Founded in 1995, it equips over 7,000 establishments with Wi-Fi, TV/IPTV, and digital signage. The group has also diversified into energy management with its "Pass Energy" IoT solution.

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Other operations with GROUPE PASSMAN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
03/2019	LBO FRANCE	GROUPE PASSMAN	FRANCE	Hardware & Electronics	LBO France acquired a majority stake in Passman. The founders sold their controlling interest but reinvested to remain minority shareholders and operational leaders. The previous financial sponsors, Siparex, exited, while ActoMezz reinvested EUR15 million in equity and mezzanine debt. The deal implies an EBITDA multiple of roughly 7.3x.

REFERENCES

Revenue range: 25M - 50M EUR

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 SIPAREX 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).

Acquirer: siparex