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 14.8x, 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 14.8x. 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".

Previously, the company had already undergone several LBOs, notably led by Andera Partners in 2014 and Lbo France in 2019. This succession of buyouts, combined with an active build-up strategy, highlights the strong attractiveness of the company's business model.

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 (14.8x).

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

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.

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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
04/2026	GROUPE PASSMAN	HOTEL TECHNOLOGY MANAGEMENT (HTM)	UNITED KINGDOM	Hardware & Electronics	Passman Group has completed the acquisition of Hotel Technology Management (HTM), a UK-based specialist in high-end hospitality technology solutions. This strategic acquisition marks a significant milestone in Passman’s European expansion strategy, substantially strengthening its footprint in the British market, where the group already maintains a historical presence
03/2019	LBO FRANCE	GROUPE PASSMAN	FRANCE	Hardware & Electronics	Following a secondary leveraged buyout (LBO) transaction, Passman has come under the control of LBO France, a leading private equity firm. The investment was made through LBO France's Small Cap Opportunities vehicle, which has acquired a majority stake in the company
06/2018	GROUPE PASSMAN	SCREEN SERVICES	BELGIUM	IT Services	Passman has acquired a majority stake in Screen Services, a Belgian specialist in digital and connectivity solutions for the hospitality and healthcare sectors. This strategic acquisition aligns with Passman Group’s international expansion strategy, backed by financial investors and focused on a buy-and-build approach in the European market for connected solutions in hospitality and public venues
05/2014	ANDERA PARTNERS	GROUPE PASSMAN	FRANCE	Hardware & Electronics	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
04/2010	SIPAREX / RHÔNES-ALPES PME	GROUPE PASSMAN	FRANCE	Hardware & Electronics	Siparex and Rhône-Alpes PME Gestion have invested in Passman, a French company specializing in internet access solutions for hotel customers. The operation allowed Passman to finance its development and strengthen its position in the market

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).

Target: groupe passman

Acquirer: siparex