GROUPE PASSMAN
Acquired by
SIPAREX
GROUPE PASSMAN acquired by SIPAREX
Target
GROUPE PASSMAN
Acquirer
SIPAREX
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".
This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.1x since the beginning of 2026, 4.7% decrease compared to 2025. 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.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with GROUPE PASSMAN
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 03/2019 | LBO FRANCE | GROUPE PASSMAN | FRANCE | IT Equipment | 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. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.