At what enterprise value was NOVARC acquired in 2021?

During the acquisition of NOVARC by CAPZA in 2021, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of NOVARC when it was acquired by CAPZA?

The estimated EV/EBITDA multiple for NOVARC is in the range of 5x - 12x.

When was NOVARC acquired by CAPZA?

NOVARC was acquired by CAPZA in 2021.

What was the revenue of NOVARC at the time of the deal?

The revenue of NOVARC at the time of the deal is estimated to be in the range of 150M - 250M EUR.

What was the EBITDA of NOVARC during the acquisition?

NOVARC's EBITDA is estimated to be in the range of 10M - 30M EUR.

How is the data for the NOVARC acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NOVARC deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/Les-alertes-de-CFNEWS/Novarc-se-debranche-du-private-equity-555094

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingNOVARC

07/2021

NOVARC acquired by CAPZA

FRANCE Industrial Equipment / Components EV 300M - 700M EUR

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 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).

-> Deep-dive in Industry & Manufacturing market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with NOVARC

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2026	MANAGEMENT & PRIVATE INVESTORS	NOVARC	FRANCE	Components

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

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 NOVARC by CAPZA 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: novarc

Acquirer: capza