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05/2026

LAGARDE MEREGNANI acquired by SOCIETE GENERALE CAPITAL PARTENAIRES, CAPITAL GRAND EST & BTP CAPITAL

FRANCE Construction / Finishing Works EV 20M - 50M EUR

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 in 2025, is valued in this transaction at an EV/EBITDA multiple of .

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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

Target: lagarde meregnani

Acquirer: btp capital / capital grand est / societe generale capital partenaires