mynth
06/2021

MIGAL GROUP acquired by EQUINOX

ITALY Industrial Equipment / Components / Valves, Pumps & Taps EV 50M - 150M EUR

Context

Equinox acquired a 60% majority stake in MIGAL Group. The transaction was structured as a partnership with the founding family, who reinvested significantly to retain a 40% minority stake and continue leading the operational management. The deal creates a platform to accelerate international growth, particularly in the US, Canada, and UK markets. It also establishes a war chest for external growth, with the aim of acquiring complementary players in the forging and machining industry.

MIGAL GROUP, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Founded in 1983 in the Corporate heartland of Brescia, MIGAL Group is a leading European player in process engineering and the production of complex components made from non-ferrous metals (brass, copper, and aluminum). The group comprises three entities: MIGAL S.r.l., Metal Technology S.r.l., and Zucchetti Mario S.p.A. It specializes in hot forging and high-precision mechanical machining, serving critical industries such as water management, electricity, gas, and medical sectors. Its product portfolio includes water meter shells, fluid control valves, high-pressure pump components, and switchgears.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M 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 MIGAL GROUP by EQUINOX 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: migal group

Acquirer: equinox