At what enterprise value was INFRA GROUP acquired in 2021?

During the acquisition of INFRA GROUP by ICG in 2021, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

When was INFRA GROUP acquired by ICG?

INFRA GROUP was acquired by ICG in 2021.

What was the revenue of INFRA GROUP at the time of the deal?

The revenue of INFRA GROUP at the time of the deal is estimated to be in the range of 250M - 500M EUR.

How is the data for the INFRA GROUP 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 INFRA GROUP 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.cfnews.net/L-actualite/LBO/Operations/LBO-Quaternaire/Infra-Group-edifie-son-quatrieme-LBO-371307

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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Home Database TMT (Tech, Media, Telecom)INFRA GROUP

07/2021

INFRA GROUP acquired by ICG

BELGIUM IT Services EV 300M - 700M EUR

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 in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> 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.

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Other operations with INFRA GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2023	PAI PARTNERS	INFRA GROUP	BELGIUM	IT Services

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: icg