Home Database Industry & ManufacturingNexteam

05/2018Minority

Tikehau Capital invests in Nexteam

FRANCE Aerospace, Naval & Defense / Aerostructures EV €300–700M

Context

Tikehau Capital invested €114 million in Nexteam Group to support its ambitious "2023" strategic roadmap. This minority investment, made alongside the existing management team, provides the group with the financial resources to accelerate its international development and consolidate its market position. The strategic goal is to transform Nexteam into a global leader with over €500 million in revenue through a combination of organic growth and targeted acquisitions. The partnership leverages Tikehau's deep understanding of the aerospace supply chain and its international office network to assist Nexteam in capturing new development opportunities.

Nexteam, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

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Target

Nexteam is a specialized industrial group manufacturing critical components and sub-assemblies for the aerospace, defense and space industries. The company focuses on the production of highly engineered and complex mechanical parts used in strategic civil and military programs. Built through the integration of several specialized industrial businesses, Nexteam has developed strong expertise across three core manufacturing processes: precision machining, foundry operations, and sheet metal fabrication. This multi-technology platform enables the group to supply mission-critical components meeting stringent quality, safety and performance requirements. Nexteam (Tier-1 / Tier-2 supplier) serves leading global aerospace and defense OEMs, including Airbus, Safran and ArianeGroup.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

15x–25x

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with Nexteam

Other operations with Nexteam
Date	Acquirer	Target	Country	Sector
06/2026	EMZ PARTNERS / BPIFRANCE / AMUNDI PRIVATE EQUITY	NEXTEAM	FRANCE	Aerostructures
02/2026	NEXTEAM	UCELIA	FRANCE	Aerostructures

Other operations with Tikehau Capital

Other operations with Tikehau Capital
Date	Acquirer	Target	Country	Sector
06/2025	TIKEHAU CAPITAL	SCIOTEQ	BELGIUM	Electronics
04/2023	TIKEHAU CAPITAL / SAFRAN / AIRBUS	AUBERT & DUVAL	FRANCE	Metallurgy / Foundry
04/2022	TIKEHAU CAPITAL / BPIFRANCE / SOCIETE GENERALE CAPITAL PARTENAIRES	CROUZET	FRANCE	Sensors & Optics
10/2021	TIKEHAU CAPITAL	GROUPE STERNE	FRANCE	Road Freight
07/2012	TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT	LMB AEROSPACE	FRANCE	Engines & Systems

Similar deals in Aerospace, Naval & Defense

Similar deals in Aerospace, Naval & Defense
Date	Acquirer	Target	Country	Sector
01/2019	ARDIAN	REVIMA GROUP	FRANCE	MRO (Maintenance, Repair & Overhaul)
11/2018	SAGARD / BPIFRANCE	SABENA TECHNICS	FRANCE	MRO (Maintenance, Repair & Overhaul)
07/2017	ARGOS WITYU	REVIMA GROUP	FRANCE	MRO (Maintenance, Repair & Overhaul)
07/2017	THE CARLYLE GROUP	ADB SAFEGATE	BELGIUM	Aerospace, Naval & Defense
06/2017	TOWERBROOK / TORREAL / PENINSULA CAPITAL	AERNNOVA	SPAIN	Aerostructures
02/2016	J F LEHMAN	SPECTRUM CONTROL	UNITED STATES	Electronics
02/2016	ADB SAFEGATE / PAI PARTNERS	SAFEGATE INTERNATIONAL	SWEDEN	Aerospace, Naval & Defense
05/2015	WÄRTSILÄ CORPORATION	L-3 MARINE SYSTEMS INTERNATIONAL	GERMANY	Naval
04/2015	SPRINGWATER CAPITAL	AERNNOVA	SPAIN	Aerostructures
01/2015	EXCHANGE INCOME CORPORATION	PAL AEROSPACE	CANADA	Aerospace, Naval & Defense

REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €10–30M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Nexteam by Tikehau Capital 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

Target: nexteam

Acquirer: tikehau capital

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Nexteam, a French company specialised in Aerostructures, by Tikehau Capital in 2018. Ownership has since evolved, leading to a subsequent transaction with EMZ Partners / Bpifrance / Amundi Private Equity in June 2026 (see the dedicated deal page for details).

How was the acquisition of Nexteam by Tikehau Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Nexteam’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Nexteam generated annual revenue estimated in the €100–200M range and EBITDA in the €10–30M bracket (FY 2017). Detailed financial figures are available to members.

How does the valuation of Nexteam compare to benchmarks in the Industry & Manufacturing sector?

With an estimated valuation multiple in the range of 10x - 18x in 2018, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the Industry & Manufacturing sector are valued at a multiple of 11.7x EBITDA.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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