NORMEC acquired by ASTORG
Context
Astorg entered into a definitive agreement to acquire absolute majority control of Normec from Summit Partners and the company's management team. This transaction marks a major secondary leveraged buyout, allowing the target to transition from a growth equity phase to a large-cap private equity platform. Following a competitive process managed by Jefferies, Astorg successfully secured exclusivity to lead the next international expansion phase alongside the deeply reinvested management team. To adequately capitalize this operation, the deal structure incorporates a substantial senior debt package, providing the optimal leverage required to fuel Normec's ongoing aggressive buy-and-build strategy, which had already seen the integration of over 20 acquisitions prior to this sale.
NORMEC, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.5x).
-> Deep-dive in Business Services market trends
Target
Founded in 2016, Normec is a leading provider of testing, inspection, certification, and compliance (TICC) services. The group operates across specialized verticals including life safety, food & agriculture, healthcare, and sustainability. Since 2020, Normec has transformed from a Dutch-centric firm into a pan-European leader with a presence in Germany, France, Italy, Belgium, Switzerland, and the UK. Employing over 5,000 people, the group utilizes a sophisticated platform to manage complex regulatory requirements for a diverse international client base.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with NORMEC
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | ASTORG | NORMEC | NETHERLANDS | TIC (Testing, Inspection, Certification) |
REFERENCES
EBITDA range: 10M - 30M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NORMEC by ASTORG 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: normec
Acquirer: astorg