At what enterprise value was NOVARES acquired in 2025?

You can find the full valuation details of NOVARES on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NOVARES when it was acquired by GLOBAL TECHNOLOGIES?

The exact EV/EBITDA multiple for NOVARES is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was NOVARES acquired by GLOBAL TECHNOLOGIES?

NOVARES was acquired by GLOBAL TECHNOLOGIES in 2025.

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

The revenue of NOVARES at the time of the deal is estimated to be in the range of 750M - 1.3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NOVARES during the acquisition?

NOVARES's EBITDA is estimated to be in the range of 100M - 200M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NOVARES 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 NOVARES 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.largus.fr/pros/actualite-automobile/industrie-auto-l-equipementier-francais-novares-va-passer-sous-pavillon-americain-30039268.html

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Home Database Industry & ManufacturingNOVARES

04/2025

NOVARES acquired by GLOBAL TECHNOLOGIES

FRANCE Automotive / Auto Parts & Suppliers / Auto Parts & Systems REV 750M - 1.3b EUR

Context

Global Technologies has officially completed the 100% acquisition of Novares from its previous shareholders, including Equistone Partners Europe (76.84%) and Bpifrance (14.36%). The transaction, approved by the European Commission in March 2025, marks the transition of the French group into the fold of the American First Brands group. This acquisition follows a decade of ownership by Equistone, during which Novares underwent a transformation into a global leader with over €1 billion in revenue. The strategic rationale for First Brands involves integrating Novares' specialized plastic manufacturing capabilities into its broad portfolio of automotive components. The deal strengthens First Brands' presence in the global OEM market while providing Novares with the industrial backing of a major global spare parts manufacturer. The operation was finalized under the new leadership of CEO François Sordet, ensuring management continuity as the group enters this new phase of international ownership.

It is worth noting that the fund Equistone took control of Novares through an LBO in 2016.

NOVARES, which reported an EBITDA margin of LOGIN in 2024, 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

Novares (ex Mecaplast) is a prominent automotive equipment manufacturer headquartered specializing in plastic components for vehicle interiors, exteriors, and engine parts. The organization operates a global industrial footprint with 27 factories across 18 countries, employing approximately 6,000 people. Its business model focuses on serving major global car manufacturers through a network of production sites strategically located near client assembly plants. Following a significant restructuring initiated in 2012, the company successfully returned to profitability, leveraging a strong R&D hub in Monaco and a diversified international presence. The group's strategy emphasizes operational excellence and geographic expansion into high-growth markets such as Mexico, China, and Slovakia. With a specialized focus on plastic injection and complex sub-assemblies, the entity acts as a Tier-1 supplier to the global automotive industry.

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Other operations with NOVARES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2016	EQUISTONE	NOVARES	FRANCE	Automotive	Equistone Partners Europe has acquired a majority stake in Mecaplast, the Monegasque automotive supplier. The transaction involves the sale of shares by the family of Chairman Thierry Manni and a reduction in the participation of the Fonds Avenir Automobile (FAA), managed by Bpifrance, which had supported the group since 2009

REFERENCES

Revenue range: 750M - 1.3b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOVARES by GLOBAL TECHNOLOGIES are reserved for mynth community members. Register for free to unlock full data.

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).