NOVARC acquired by CAPZA
Context
Capza acquired a minority stake in Novarc, replacing Amundi Private Equity Funds. The historical minority investors (Bpifrance, BNP Paribas Developpement, and CASRA Capital) reinvested alongside Capza. The transaction was structured to leave the founder family with a commanding majority (~75% of capital).
NOVARC, which reported an EBITDA margin of LOGIN in 2021, 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 (10.9x).
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
Novarc is a French Corporate group specializing in safety equipment for electrical environments and maintenance products. It operates through three divisions: "Safety" (insulating gloves, helmets, and tools for working on live wires), "Networks" (equipment for electrical, rail, and telecom grids), and "Motion & Industry" (chemicals and cleaning products for automotive and Corporate maintenance).
Ent. Value
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with NOVARC
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 01/2026 | MANAGEMENT & PRIVATE INVESTORS | NOVARC | FRANCE | Industrial Equipment | The industrial group specializing in safety equipment for electrical environments has been acquired in its entirety by the founding family and employees, offering an exit route for Capza, Bpifrance, BNP Paribas, and Casra Capital. The buy-back is financed through bank debt and family equity. The exit provides a strong return for Capza, as the company doubled its size during their 5-year tenure through organic growth and 10 acquisitions. |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 150M - 250M EUR
EBITDA range: 10M - 30M 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: novarc
Acquirer: capza