MECOMER acquired by SECHE ENVIRONNEMENT
Context
Seche Environnement acquired a majority stake in Mecomer. This transaction marks the group's third international acquisition within a single year, following entries into Peru and South Africa. The deal was structured to allow the founder's son and current manager, Stefano Ferrante, to retain a minority interest and continue leading the company's operations. The strategic rationale for the acquisition is to establish a solid industrial base in Italy, a key European market for hazardous waste, while leveraging the target's specialized laboratory and logistical capabilities to serve the group's pan-European industrial clients.
MECOMER, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of .
Target
Established in 1987 and headquartered in the Milan region, Mecomer is a specialized Italian operator in the management of hazardous waste flows for high-stakes Corporate sectors, including chemicals, pharmaceuticals, and energy. The company operates an advanced analytical laboratory and two major transfer sites. With a team of 150 experts, it provides comprehensive waste treatment and logistics services, ensuring regulatory compliance and environmental safety for large-scale Corporate producers. At the time of the transaction, the firm held a strong regional position in Lombardy, one of Europe's most Corporateized areas.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Utilities (Regulated Infrastructure)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2024 | VEOLIA | ENVIROPACIFIC | AUSTRALIA | Hazardous Waste |
| 06/2024 | SECHE ENVIRONNEMENT | ECO CORPORATE ENVIRONMENTAL ENGINEERING (ECO) | SINGAPORE | Hazardous Waste |
| 09/2023 | EURAZEO | 2B SERVICES & INNOVATIONS | FRANCE | Waste Management |
| 09/2023 | TPG | A-GAS | UNITED KINGDOM | Hazardous Waste |
| 08/2021 | STIRLING SQUARE CAPITAL / DEUTSCHE BETEILIGUNGS (DBAG) | ITELYUM | ITALY | Waste Management |
| 06/2021 | PLATINUM EQUITY | URBASER | SPAIN | Waste Management |
| 05/2018 | ANTIN INFRASTRUCTURE | IDEX | FRANCE | District Heating |
| 06/2013 | TRITON PARTNERS | BEFESA | LUXEMBOURG | Hazardous Waste |
| 09/2011 | CUBE INFRASTRUCTURE | IDEX | FRANCE | District Heating |
| 11/2004 | IK PARTNERS | IDEX | FRANCE | District Heating |
REFERENCES
Valuation range: EV 20M - 50M EUR
Revenue range: 25M - 50M EUR
EBITDA range: 5M - 25M 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.
Press release: view release
Acquirer: seche environnement