At what enterprise value was MICROWAVE VISION (MVG) acquired in 2020?

During the acquisition of MICROWAVE VISION (MVG) by HLD in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MICROWAVE VISION (MVG) when it was acquired by HLD?

The estimated EV/EBITDA multiple for MICROWAVE VISION (MVG) is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was MICROWAVE VISION (MVG) acquired by HLD?

MICROWAVE VISION (MVG) was acquired by HLD in 2020.

What was the revenue of MICROWAVE VISION (MVG) at the time of the deal?

The revenue of MICROWAVE VISION (MVG) at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MICROWAVE VISION (MVG) during the acquisition?

MICROWAVE VISION (MVG)'s EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MICROWAVE VISION (MVG) 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 MICROWAVE VISION (MVG) 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://groupehld.com/fr/participations/mvg

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Home Database Industry & ManufacturingMICROWAVE VISION (MVG)

08/2020

MICROWAVE VISION (MVG) acquired by HLD

FRANCE Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 100M - 350M EUR

Context

HLD Europe entered into exclusive negotiations to acquire approximately 52.95% of Microwave Vision's capital through a dedicated vehicle. The acquisition involves purchasing blocks from key shareholders including reference shareholder Eximium (Baulé family investment holding), Bpifrance, Seventure Partners, and several executives and employees. The transaction is priced at 26 euros per share, representing premiums of 7.9% over the last closing price and 11.2% and 41.0% over the 3-month and 12-month weighted average prices respectively. Following the acquisition of control blocks, HLD Europe plans to launch a mandatory simplified public tender offer for the remaining shares at the same price. The transaction is subject to regulatory approvals in France and abroad, with completion expected by the end of 2020. CEO Philippe Garreau will continue to lead the company and will contribute his participation to the dedicated vehicle alongside other group managers.

MICROWAVE VISION (MVG), which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Microwave Vision Group (MVG) is a global leader in the development, manufacture, and commercialization of systems dedicated to visualizing electromagnetic waves. Established in 1987, the organization specializes in antenna measurement systems, electromagnetic compatibility (EMC) testing, and environmental and industrial control solutions. Its proprietary technology allows research and development centers in the telecommunications, aerospace, automotive, and defense sectors to measure connectivity and minimize wave interference during product development. The group operates through four specialized departments: AMS (Antenna Measurement Systems), EMC, EIC (Environmental & Industrial Control), and NSH (National Security & Healthcare). With a strong international footprint across 10 countries, the group generates approximately 90% of its sales through exports, supporting major global players in the deployment of 5G infrastructure and autonomous vehicle technologies.

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REFERENCES

Valuation range: EV 100M - 350M 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 MICROWAVE VISION (MVG) by HLD are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: hld