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INFRA GROUP

Acquired by

PAI PARTNERS

BELGIUM IT Services EV [1b EUR - 100b EUR] 07/2023

Target

INFRA GROUP

Acquirer

PAI PARTNERS

Context

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.

INFRA GROUP, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.

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

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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
EBIT
2022
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2021
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Other operations with INFRA GROUP

DateAcquirerTargetCountrySectorDeal Context
07/2021ICGINFRA GROUPBELGIUMIT Services

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.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.