NOVAKAMP acquired by SIPAREX, SOCADIF & BNP PARIBAS DEVELOPPEMENT
Context
A consortium led by Siparex Midcap acquired a majority stake in Novakamp, facilitating the full exit of the previous sponsor, Sparring Capital. The deal involves significant reinvestment from the management team. Under Sparring's tenure (2020-2025), Novakamp doubled its revenue to EUR50M through organic growth and acquisitions (such as Fauche's generator division). The new shareholders aim to reach a 50/50 balance between military and civil activities while capitalizing on the current geopolitical context which favors the redeployment and modernization of military support infrastructures.
NOVAKAMP, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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
Created in 2020 from the merger of Novae and Kapi, Novakamp is a specialized provider of critical life support infrastructure for military and demanding civil environments. The company designs, installs, and maintains autonomous energy production systems (generators) and water treatment solutions for remote "life bases" (bases-vie). Historically a strategic partner for the French Armed Forces during external operations (OPEX), Novakamp has successfully diversified its client base. The civil segment (telecoms, events, industry) now accounts for 35% of its €50 million revenue, up from €25 million at its inception.
Ent. Value
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Multiples
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M EUR
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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).
Target: novakamp
Acquirer: siparex / socadif / bnp paribas developpement