At what enterprise value was METHAL acquired in 2025?

During the acquisition of METHAL by ARCOLE / BENALU-LEGRAS in 2025, the transaction's Enterprise Value is estimated to be in the range of 10M - 30M EUR.

What was the EV/EBITDA of METHAL when it was acquired by ARCOLE / BENALU-LEGRAS?

The estimated EV/EBITDA multiple for METHAL is in the range of below 5x.

When was METHAL acquired by ARCOLE / BENALU-LEGRAS?

METHAL was acquired by ARCOLE / BENALU-LEGRAS in 2025.

What was the revenue of METHAL at the time of the deal?

The revenue of METHAL at the time of the deal is estimated to be in the range of 25M - 50M EUR.

What was the EBITDA of METHAL during the acquisition?

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

How is the data for the METHAL 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 METHAL 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://traitementsetmateriaux.fr/methal-reunit-desormais-dix-sites-industriels-de-bodycote

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Home Database Industry & ManufacturingMETHAL

11/2025

METHAL acquired by ARCOLE / BENALU-LEGRAS

FRANCE Chemicals & Materials / Material Transformation / Metallurgy / Foundry EV 10M - 30M EUR

Context

This transaction involves the carve-out of Bodycote's French heat treatment operations, a UK-listed group, as part of a strategy to refocus on its core activities. The deal comprises the sale of ten French industrial sites, consolidated under a new entity called Methal, to an investment structure combining the Arcole fund, which holds a majority stake, and the Benalu-Legras industrial group, which takes a strategic minority interest. This partnership brings together financial capital and industrial expertise to support the creation of a new, independent heat treatment player in France. The acquired scope includes all industrial assets from the ten sites, production equipment, operational teams, and the associated customer portfolio. The goal is to ensure seamless operational continuity, with no disruption to customers or employees, while maintaining existing contracts, local organizations, and service standards. This transaction is driven by a logic aimed at securing the continuity of a strategic activity while allowing it to be repositioned under new governance.

METHAL, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Methal is a French industrial group specializing in metal heat treatment, formed through the carve-out of ten industrial sites previously operated by Bodycote, a global leader in heat treatment. The group now operates as an independent industrial platform with a network of ten sites across France, including strategic locations in Amiens, Beaugency, Billy-Berclau, Condé-sur-Noireau, Lagny-sur-Marne, and other regional hubs. Methal's business focuses on modifying the mechanical properties of metal components through thermal treatment and surface finishing processes, including vacuum treatment, nitriding, hardening, and induction. These processes enhance the strength, durability, and performance of components used in demanding industrial environments. The group serves a highly diversified customer base of over 2,500 clients across various sectors, such as automotive, industrial equipment, aerospace, defense, medical devices, and consumer goods. This sectoral diversification helps reduce dependence on a single industry cycle, although the automotive sector remains a significant outlet.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

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REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 25M - 50M 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 METHAL by ARCOLE / BENALU-LEGRAS 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: methal

Acquirer: arcole / benalu-legras