At what enterprise value was INNOVISTA (EX CST) acquired in 2014?

During the acquisition of INNOVISTA (EX CST) by PAI PARTNERS / THE CARLYLE GROUP in 2014, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. 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 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of INNOVISTA (EX CST) when it was acquired by PAI PARTNERS / THE CARLYLE GROUP?

The exact EV/EBITDA multiple for INNOVISTA (EX CST) is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

What was the revenue of INNOVISTA (EX CST) at the time of the deal?

The revenue of INNOVISTA (EX CST) at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 INNOVISTA (EX CST) 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 INNOVISTA (EX CST) 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.paipartners.com/mediaitem/pai-europe-vi-and-carlyle-to-acquire-cst/

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Home Database TMT (Tech, Media, Telecom)INNOVISTA (EX CST)

04/2014

INNOVISTA (EX CST) acquired by PAI PARTNERS & THE CARLYLE GROUP

FRANCE Hardware & Electronics / Electronic Components / Sensors & Optics EV 500M - 1.5b EUR

Context

The Carlyle Group and PAI Partners have entered into exclusive negotiations with Schneider Electric to acquire a majority stake in Custom Sensors & Technologies (CST). The transaction is structured on an equal basis between Carlyle Europe Partners IV and PAI Europe VI, with Schneider Electric retaining approximately 30% of the capital and the management team holding around 2%. The operation is a complex carve-out from Schneider Electric, where CST was previously a dedicated business unit. The strategic rationale for the acquisition focuses on CST's high-quality reputation and its leading position in the attractive and growing market for mission-critical sensing products. The partnership aims to create further value by leveraging the acquirers' significant experience in the industrial and aerospace sectors, as well as their operational expertise in driving growth through acquisitions. The acquisition is supported by a covenant-lite financing structure, representing nearly two-thirds of the total transaction amount. This investment marks the start of the investment periods for both Carlyle Europe Partners IV and PAI Europe VI, highlighting the strategic importance of the asset in the upper-mid to large-market European buyout space.

INNOVISTA (EX CST), which reported an EBITDA margin of LOGIN in 2013, 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 (14.4x).

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

InnoVista (ex Custom Sensors & Technologies) is a global specialist focused on the design and manufacturing of sensing, control, and motion products. The organization operates as a business unit providing customizable, reliable, and efficient components for mission-critical systems across a diverse range of end-markets, including industrial, aerospace, and transportation sectors. Through its portfolio of established brands, such as BEI Sensors, Crouzet, and Kavlico, the company serves specialized needs in Energy, Infrastructure, Medical, and Building Equipment markets. The business model emphasizes expertise in "mission critical" products required for complex systems in both commercial and industrial OEM segments. With a significant international presence, the entity maintains operations in more than 30 countries, positioning it as a key player in the global sensing and control industry. The company's strategy involves leveraging deep technical expertise to provide high-quality components that ensure the functionality and safety of critical industrial applications.

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REFERENCES

Valuation range: EV 500M - 1.5b 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 INNOVISTA (EX CST) by PAI PARTNERS / THE CARLYLE GROUP 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: the carlyle group / pai partners