mynth
← DATABASE
09/2021

TURENNE CAPITAL & NORD CAPITAL PARTENAIRES take majority stake in KALI ENVIRONNEMENT

FRANCE Industrial Services / Engineering & Consulting EV 10M - 30M EUR

Context

Turenne Emergence and Nord Capital Investissement have invested in the share capital of Kali Environnement Group as part of a primary LBO transaction aimed at supporting the reorganization of its shareholder base and the transfer of control by its founder, Pascal Marly. Founded in 1998 in the Hauts-de-France region, Kali Environnement Group is a consulting firm specializing in environmental and industrial risk management, comprising two complementary entities, Kalies and Kali'air, which cover the entire value chain, from regulatory studies to field measurements. The group employs approximately 80 staff members and has a national network of 11 locations, enabling it to serve a client base of over 1,000 customers, primarily industrial companies. The transaction allows the founder to divest a majority stake while retaining around 15% of the capital and supporting the transition. The two main operational managers, Fabrice Braconnier and Emmanuel Moulin, have been appointed Chairman and CEO, respectively, and have invested in the company alongside several key managers, in a move to strengthen management ownership. Turenne is investing through its Emergence and Nord Capital Investissement vehicles, with the objective of accelerating the group's growth, supporting its geographic expansion, and implementing a build-up strategy through targeted acquisitions. The project is based on reinforcing technical expertise, opening new locations, and consolidating the environmental consulting market.

KALI ENVIRONNEMENT, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

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 Business Services market trends

Target

Kali Environnement is a provider of environmental consulting and regulatory compliance services, operating through five complementary businesses covering the entire life cycle of industrial sites. The company offers services such as ICPE compliance, site and soil pollution management, air quality monitoring, biodiversity studies, and water management. With a network of 15 agencies across France, Kali Environnement serves over 1,000 industrial clients and employs more than 180 professionals. The company's activities are focused on providing essential services to industrial clients, helping them navigate complex environmental regulations and ensuring compliance. Kali Environnement's business model is centered around providing specialized expertise and consulting services to these clients.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
LOGIN
LOGIN
LOGIN
2020
LOGIN
LOGIN
LOGIN

Other operations with KALI ENVIRONNEMENT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
06/202621 INVESTKALI ENVIRONNEMENTFRANCEIndustrial Services

21 Invest has signed an agreement to acquire a majority stake in Kali Environnement, replacing Turenne Emergence, which is exiting its position after a first investment cycle initiated in 2021. Kali Environnement is a French environmental consulting and regulatory compliance platform that specializes in supporting industrial companies with their compliance obligations

REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KALI ENVIRONNEMENT by TURENNE CAPITAL / NORD CAPITAL PARTENAIRES 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).

Target: kali environnement

Acquirer: turenne capital