At what enterprise value was M-ENERGIES acquired in 2025?

During the acquisition of M-ENERGIES by TURENNE CAPITAL in 2025, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR.

What was the EV/EBITDA of M-ENERGIES when it was acquired by TURENNE CAPITAL?

The estimated EV/EBITDA multiple for M-ENERGIES is in the range of 5x - 12x.

When was M-ENERGIES acquired by TURENNE CAPITAL?

M-ENERGIES was acquired by TURENNE CAPITAL in 2025.

What was the revenue of M-ENERGIES at the time of the deal?

The revenue of M-ENERGIES at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of M-ENERGIES during the acquisition?

M-ENERGIES's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the M-ENERGIES 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 M-ENERGIES 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.cfnews.net/L-actualite/LBO/Operations/MBO/M-Energies-entretient-un-LBO-bis-543555

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesM-ENERGIES

10/2025

M-ENERGIES acquired by TURENNE CAPITAL

FRANCE Facility Management / Maintenance / HVAC EV 50M - 150M EUR

Context

Turenne Capital and Euro Capital acquired a majority stake in M-ENERGIES from its historical shareholders, including the founder's family and previous financial backers. The deal is structured to provide the group with the financial resources to accelerate its "Buy-and-Build" strategy in a fragmented market. The management team reinvested significantly in the operation to remain aligned with the new sponsors.

M-ENERGIES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

M-ENERGIES is a leading French specialist in the maintenance, repair, and installation of heating, ventilation, and air conditioning (HVAC) systems. Serving both individual homeowners and collective housing (social landlords, co-ownerships), the group operates a network of over 30 branches across Eastern France, the Paris region, and Luxembourg. It manages over 120,000 maintenance contracts and is increasingly focused on energy-efficient solutions like heat pumps and biomass boilers.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Facility Management

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	BAIN CAPITAL / MUBADALA	Service Logic	UNITED STATES	HVAC
12/2025	CAPZA	MYRIUM	FRANCE	Maintenance
10/2025	BNP PARIBAS DEVELOPPEMENT	AGP (ALLIANCE GLOBAL PROCUREMENT)	FRANCE	BPO & Outsourcing
10/2025	ANDERA PARTNERS	XELIANS	FRANCE	Document Management
10/2025	MITIE GROUP	Argus Fire Protection	UNITED KINGDOM	Security & Guarding
09/2025	Warren Equity Partners	Obsequio Group	UNITED KINGDOM	Security & Guarding
09/2025	HIG CAPITAL	RENTOKIL INITIAL WORKWEAR FRANCE	FRANCE	Industrial Cleaning
08/2025	Total Access Elevator	LA Elevator	UNITED STATES	Maintenance
06/2025	TRITON PARTNERS	PRENAX GROUP	SWEDEN	BPO & Outsourcing
05/2025	ARDIAN	MasterGrid	FRANCE	Electrical

REFERENCES

Valuation range: EV 50M - 150M 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 M-ENERGIES by TURENNE 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: m-energies

Acquirer: turenne capital