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 [members only] in 2018, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.
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
€20–50M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Similar deals in Utilities (Regulated Infrastructure)
Similar deals in Utilities (Regulated Infrastructure)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2021 | PLATINUM EQUITY | URBASER | SPAIN | Waste Management |
| 09/2020 | ANTIN INFRASTRUCTURE | MIYA WATER | SPAIN | Water |
| 07/2019 | ANTIN INFRASTRUCTURE | Vicinity Energy | UNITED STATES | District Heating |
| 01/2019 | BRIDGEPOINT | MIYA WATER | SPAIN | Water |
| 06/2018 | ICON INFRASTRUCTURE | EcoEridania | ITALY | Hazardous Waste |
| 05/2018 | ANTIN INFRASTRUCTURE | IDEX | FRANCE | District Heating |
| 06/2014 | Xenon Private Equity | EcoEridania | ITALY | Hazardous Waste |
| 06/2013 | TRITON PARTNERS | BEFESA | LUXEMBOURG | Hazardous Waste |
| 09/2011 | CUBE INFRASTRUCTURE | IDEX | FRANCE | District Heating |
| 11/2004 | IK PARTNERS | IDEX | FRANCE | District Heating |
Other operations with SECHE ENVIRONNEMENT
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2025 | SECHE ENVIRONNEMENT | GROUPE FLAMME | FRANCE | Waste Management |
| 06/2024 | SECHE ENVIRONNEMENT | ECO CORPORATE ENVIRONMENTAL ENGINEERING (ECO) | SINGAPORE | Hazardous Waste |
REFERENCES
Valuation range: EV €20–50M
Revenue range: €25–50M
EBITDA range: €5–25M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MECOMER by SECHE ENVIRONNEMENT 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.
Press release: view release
Acquirer: seche environnement