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01/2026100%

Novarc acquired by Management & Private Investors

FRANCE Industrial Equipment / Components EV €500M–1.5bn

Context

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.

It is worth noting that the fund Capza took control of Novarc through an LBO in 2021.

Novarc, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, standing directly in line with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

-> 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

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€250–500M
€50–100M
[members only]
2024
€250–500M
€50–100M
[members only]

Other operations with Novarc

Other operations with Novarc
DateAcquirerTargetCountrySector
07/2021CAPZANOVARCFRANCEComponents

Other operations with Management & Private Investors

Other operations with Management & Private Investors
DateAcquirerTargetCountrySector
10/2026MANAGEMENT & PRIVATE INVESTORSLAPEYREFRANCEBuilding & Interior Materials
09/2026MANAGEMENT & PRIVATE INVESTORSIRISH CONTINENTAL GROUP ICGIRELANDMarine Passenger
06/2026MANAGEMENT & PRIVATE INVESTORSJJAFRANCEHome & DIY
03/2026MANAGEMENT & PRIVATE INVESTORSMASA GROUPFRANCEDefense & Aerospace
03/2026MANAGEMENT & PRIVATE INVESTORSRIVALIS-HENRRIFRANCEERP, HR & Finance
02/2026MANAGEMENT & PRIVATE INVESTORSPRIMAL GROUP (FORMERLY SOLEM)FRANCEIoT & Connected Objects
11/2025MANAGEMENT & PRIVATE INVESTORSPOGGIPOLINIITALYComponents
12/2023MANAGEMENT & PRIVATE INVESTORSATELIERS DE FRANCE (FORMERLY MERIGUET-CARRERE)FRANCEFinishing Works
08/2018MANAGEMENT & PRIVATE INVESTORSDESIGUALSPAINFashion & Apparel
07/2018MANAGEMENT & PRIVATE INVESTORSBETJEMAN & BARTONFRANCECoffee & Tea

Similar deals in Industrial Equipment

Similar deals in Industrial Equipment
DateAcquirerTargetCountrySector
02/2026MICHELINFLEXITALLIC GROUPUNITED STATESComponents
02/2026INFLEXIONMARIOFFFINLANDSafety & Security
01/2026PRYSMIAN / FINCANTIERIXTERAUNITED KINGDOMCabling & Connectivity
01/2026NEXTCHEMBALLESTRA GROUPITALYChemical Production Lines
01/2026SHIMADZU CORPORATIONTESCAN GROUPCZECH REPUBLICInstrumentation & Measurement
01/2026ILLUMINASOMALOGICUNITED STATESLab & Scientific Equipment
01/2026GROUPE VELECCOMEA PROCESSFRANCEFood & Beverage Lines
12/2025ARDIANFERMAXSPAINSafety & Security
12/2025BAGLIONIAEROMECCANICA STRANICHITALYBoilers & Thermal Solutions
12/2025VALMETSEVERN GROUPFINLANDValves, Pumps & Taps

REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €250–500M

EBITDA range: €50–100M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Novarc by Management & Private Investors 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

FAQ

What transaction does this page cover?

This page covers Management & Private Investors’s acquisition of 100% of Novarc, a French company specialised in Components, in 2026. This followed an earlier holding cycle initiated in July 2021, when the company was acquired by Capza.

How was the acquisition of Novarc by Management & Private Investors valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €500M–1.5bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

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

At the time of the transaction, Novarc generated annual revenue estimated in the €250–500M range and EBITDA in the €50–100M bracket (FY 2025). Detailed financial figures are available to members.

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

With an estimated multiple range of 5x - 12x, the transaction stands directly in line with historical averages for the Industry & Manufacturing sector (11.7x in 2026).

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.