INFRA GROUP acquired by ICG
Context
Infra Group has finalized its fourth LBO, with ICG stepping in as the new majority shareholder to support its next growth phase. Previously backed by Andera Partners, which remains an investor, the Belgian infrastructure specialist aims to accelerate its European expansion. The group focuses on strengthening its market position in multi-technical services through an active build-up strategy and organic growth across its core territories.
INFRA GROUP, which reported an EBITDA margin of LOGIN in 2020, 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 multidisciplinary provider of essential infrastructure services. Infra Group specializes in the design, installation, and maintenance of networks for telecommunications (fiber), electricity, water, gas, and district heating. It operates as a one-stop-shop for utility operators and public authorities.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with INFRA GROUP
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2023 | PAI PARTNERS | INFRA GROUP | BELGIUM | IT Services | Infra Group has completed its fifth LBO, with PAI Partners becoming the majority shareholder alongside ICG and Andera Partners. This strategic move aims to accelerate the Belgian group's expansion in the underground and surface infrastructure sector. By leveraging its diversified model, the company plans to pursue its ambitious build-up strategy, particularly in Germany, to benefit from the energy transition. |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 250M - 500M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of INFRA GROUP 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).
Acquirer: icg