mynth
← DATABASE
05/2010

HG CAPITAL takes majority stake in SIMONSVOSS TECHNOLOGIES

GERMANY Hardware & Electronics / IT Equipment / IoT & Connected Objects EV €100–350M

Context

Pan-European private equity firm HgCapital has reached a definitive agreement to acquire a majority equity stake in German-based SimonsVoss Technologies AG. Executed as a privately negotiated transaction, the buyout includes an approximate £10.5 million capital commitment from the listed investment vehicle HgCapital Trust plc. Subject to customary competition clearance, the deal officially partners the financial sponsor with the target's existing management board to propel the company into its next phase of corporate expansion. The investment underscores HgCapital’s established strategy of backing highly innovative, high-growth technology platforms operating across Continental Europe. Leveraging its deep sector insight and strong execution capabilities, the sponsor intends to actively support management in creating sustainable long-term value. The core value-creation playbook focuses on accelerating the company's international reach and significantly broadening its existing product portfolio, effectively capitalizing on a best-in-class product range and highly favorable, fast-growing market tailwinds.

SIMONSVOSS TECHNOLOGIES, which reported an EBITDA margin of [members only] in 2010, 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

Founded in 1995 and headquartered in Munich, SimonsVoss Technologies AG is a premier developer and technology leader in digital, radio-based locking and access control systems. Since introducing its flagship actively controlled electronic locking cylinder in 1998, the company has successfully installed over 750,000 units across a diverse, blue-chip corporate customer base. Supported by a manufacturing site in Petersburg and a dedicated global workforce of over 225 employees, the business demonstrates outstanding financial fundamentals. It currently generates over €37 million in top-line sales while maintaining an impressive compound annual growth rate (CAGR) of over 20% since the early 2000s.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2010
€25–50M
[members only]
[members only]
2009
€25–50M
[members only]
[members only]

Other operations with SIMONSVOSS TECHNOLOGIES

Other operations with SIMONSVOSS TECHNOLOGIES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
06/2015ALLEGIONSIMONSVOSS TECHNOLOGIESGERMANYIoT & Connected Objects

REFERENCES

Valuation range: EV €100–350M

Revenue range: €25–50M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SIMONSVOSS TECHNOLOGIES by HG CAPITAL 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: simonsvoss technologies

Acquirer: hg capital