LYNXEO acquired by LATOUR CAPITAL
Context
Nexans, a global leader in cable systems and services, has finalized the divestiture of its industrial cables division, Lynxeo, to the French private equity firm Latour Capital. The transaction, completed on June 30, 2025, was valued at an enterprise value of �525 million. This divestment marks a decisive step in Nexans� strategic pivot to become a "pure player" in the electrification sector. By shedding its specialized industrial assets, Nexans aims to simplify its operational model and reallocate resources toward the global energy transition and high-voltage subsea markets.
LYNXEO, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level as low as the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).
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Target
Telecommunications cabling and infrastructure division of Nexans group.
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 450M - 900M EUR
EBITDA range: 50M - 100M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: lynxeo
Acquirer: latour capital