LAGARDE MEREGNANI acquired by SOCIETE GENERALE CAPITAL PARTENAIRES, CAPITAL GRAND EST & BTP CAPITAL
Context
The transaction structures a minority leveraged buy-out, transferring a portion of equity to incoming financial sponsors for the first time in the company's history. Ownership changes to institutionalize the capital structure while accelerating growth through targeted buy-and-build acquisitions. The current management team retains majority control of the equity to ensure operational continuity and maintain local commercial relationships. Funding includes an equity check from the investor group paired with a senior debt facility underwritten by regional commercial banks. The capital structure intentionally embeds an over-advancement credit facility to fund upcoming pipeline acquisitions. This funding mix preserves structural agility, leaving ongoing operational free cash flow available to support internal commercial development across the target geographies.
LAGARDE MEREGNANI, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN.
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.
Target
Lagarde Meregnani, based in France, operates as a finishing construction services provider specializing in painting, flooring, tiling, facade treatments, and external thermal insulation. Operational delivery relies on technical onsite interventions for building renovation projects managed through seven regional branches. The company executes multi-trade finishing works for public housing authorities and private institutional property owners. Revenue is generated through project-based commercial construction and insulation installation contracts. High switching costs stem from long-term framework agreements with institutional asset managers who require predictable multi-year maintenance cycles. Local operational scale and deep labor pools restrict market entry for smaller independent contractors in their core geographic hubs. Tightening energy efficiency mandates and carbon reduction building laws structurally guarantee long-term demand for insulation upgrades regardless of new construction volumes.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Construction & Real Estate
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 06/2026 | OBAYASHI CORPORATION | MULTIPLEX GLOBAL | UNITED KINGDOM | Construction | Obayashi Corporation has announced the acquisition of Multiplex Global Limited, which will become a consolidated subsidiary of the Japanese group. This move is part of Obayashi's international expansion strategy, aimed at strengthening its presence in stable and growing construction markets, particularly in Australia, the UK, and Canada |
| 05/2026 | HANAB GROUP | CTC SOLUTIONS | Netherlands | Construction | Hanab Group, through its Hanab Installation Technology (HIT) division and with the backing of its financial sponsor Triton Partners, has acquired CTC Solutions. This strategic acquisition is central to Hanab's growth strategy, aimed at significantly strengthening and broadening its capabilities within complex and high-technology end markets |
| 05/2026 | HEXATRONIC GROUP | SUPERIOR FIBER & DATA SERVICES | UNITED STATES | Construction | Hexatronic Group AB has entered into a definitive agreement to acquire Superior Fiber & Data Services, Inc., thereby adding a Texas‑based data installation provider to its Data Center business area. The transaction follows Hexatronic’s recent acquisitions aimed at broadening its service capabilities in North America and aligns with its plan to increase net sales above SEK 2 billion within the Data Center segment |
| 04/2026 | MONTEFIORE INVESTMENT | FACE GROUP | FRANCE | Construction | Montefiore Investment has signed an agreement to acquire a majority stake in Face Group, replacing Hivest Capital Partners as the lead shareholder. Hivest, which entered the capital in 2021, is exiting after a five-year period during which the group was professionalized and its revenue grew from 250 million EUR to nearly 400 million EUR |
| 04/2026 | IK PARTNERS | SELATEK | SWEDEN | Construction | IK Partners has signed an agreement to acquire Selatek Holding AB from Amplio I, in a leveraged buyout (LBO) of the Swedish technical installation platform. The IK X Fund will become the majority shareholder of the group, replacing Amplio Private Equity, which is exiting its stake after approximately four years of ownership |
| 04/2026 | QXO | TOPBUILD | UNITED STATES | Construction | QXO, Inc. has finalized a definitive agreement to acquire TopBuild, a maneuver designed to fundamentally accelerate the group’s trajectory toward becoming a multi-category industrial distribution leader |
| 04/2026 | AF GRUPPEN | H.A. BYGG ENTREPRENAD | FINLAND | Construction | AF Gruppen has completed the acquisition of a 70% majority stake in H.A. Bygg Entreprenad through its subsidiary, AF Bygg Syd. This strategic transaction is designed to strengthen the group’s specialized concrete operations within the Swedish market, specifically targeting the growing niche of water and wastewater treatment infrastructure |
| 03/2026 | MASTEC | MCKEE UTILITY CONTRACTORS | UNITED STATES | Construction | MasTec has finalized the acquisition of McKee Utility Contractors from Boyne Capital, marking a full exit for Boyne’s second fund (BCM Fund II LP). The transition reflects the integration of a specialized water infrastructure platform into a global publicly traded diversified services group |
| 02/2026 | FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES) | GROUPE ALLEZ | FRANCE | Construction | FCDE has entered into exclusive negotiations to acquire a majority equity stake in Groupe Allez, orchestrating the transmission of this nearly centennial independent family business. The transaction is triggered by the upcoming retirement of the current, and aims to ensure managerial continuity under the leadership of the current General Manager who will assume the Presidency |
| 01/2026 | EMZ PARTNERS | SNIC TECHNOLOGIES | FRANCE | Construction | The management team of Snic Technologies organized a tertiary LBO (LBO ter) to regain majority control of the group, facilitating the exit of the previous majority sponsor, Innovafonds. The transaction is backed by a debt package of around EUR100 million, refinanced in mid-2025 |
REFERENCES
Valuation range: EV 20M - 50M EUR
Revenue range: 50M - 100M EUR
EBITDA 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 LAGARDE MEREGNANI by SOCIETE GENERALE CAPITAL PARTENAIRES / CAPITAL GRAND EST / BTP CAPITAL 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: lagarde meregnani
Acquirer: btp capital / capital grand est / societe generale capital partenaires