At what enterprise value was NAVARINO acquired in 2026?

You can find the full valuation details of NAVARINO 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 14.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NAVARINO when it was acquired by ICG?

The exact EV/EBITDA multiple for NAVARINO is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.6x. Join our community for free to access full valuation data and industry trends.

When was NAVARINO acquired by ICG?

NAVARINO was acquired by ICG in 2026.

What was the revenue of NAVARINO at the time of the deal?

The revenue of NAVARINO at the time of the deal is estimated to be in the range of 100M - 200M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NAVARINO during the acquisition?

NAVARINO's EBITDA is estimated to be in the range of 25M - 50M USD. Join our community for free to access complete and exact deal data.

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 NAVARINO 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 NAVARINO 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://www.icgam.com/2026/01/05/icg-and-navarino-form-partnership-to-accelerate-companys-growth/

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Home Database TMT (Tech, Media, Telecom)NAVARINO

01/2026

ICG invests in NAVARINO

GREECE IT Services / Infrastructure & Cloud / MSP (Managed Services) REV 100M - 200M USD

Context

Intermediate Capital Group (ICG) has entered into an agreement to support Navarino's founders, Dimitris and Panos Tsikopoulos, in the company's next phase of growth. Through its European Corporate strategy, ICG is providing a minority equity investment to back Navarino's expansion ambitions while preserving its operational independence. The transaction is notable for maintaining a strong alignment of interests among all parties. The founders are reinvesting a significant portion of their stake and retaining control of the business, while Viasat, a historical minority shareholder, is exiting its position entirely. This new shareholder structure is designed to provide Navarino with the necessary financial resources to accelerate its growth, enhance its technological capabilities, and capitalize on new opportunities in its key markets. The investment comes at a time of significant transformation in the maritime sector, driven by the increasing digitalization of vessels, the development of connectivity solutions, and growing cybersecurity concerns. Against this backdrop, ICG aims to support Navarino in expanding its service offering, launching new technology solutions, and accelerating its international expansion.

The acquisition of Navarino is part of the growth strategy of Icg, which already has several external growth operations under its belt, notably Magellan Partners in 2025.

NAVARINO, which reported an EBITDA margin of LOGIN in 2024, 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 (14.6x).

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.

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Target

Navarino is a leading global provider of technology, connectivity, and cybersecurity solutions to the maritime industry. Founded in Greece over 25 years ago by Dimitris and Panos Tsikopoulos, the company has established itself as a key technology partner for ship owners and fleet managers worldwide. Navarino offers a comprehensive range of services that enable vessels to stay connected, secure, and operational while at sea. Its portfolio includes satellite communications, onboard networks, maritime cybersecurity, shipboard IT solutions, and digital services designed to enhance fleet operational efficiency. With a client base of over 600 shipping companies and services provided to approximately 12,000 vessels globally, Navarino has built a strong presence in the industry. The company's international network, comprising 15 strategic locations in the UK, Greece, the US, Japan, and other key markets, enables it to deliver global technical support to its customers. Navarino is particularly well-positioned in the commercial shipping sector, where the increasing digitalization of operations and growing cybersecurity requirements are driving demand for its solutions.

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REFERENCES

Revenue range: 100M - 200M USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NAVARINO by ICG 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).

Press release: view release

Target: navarino

Acquirer: icg