OCEA GROUP acquired by EQT PARTNERS
Context
EQT, through its Active Core Infrastructure fund, has entered into exclusive negotiations to acquire Ocea Group from ICG Infrastructure Equity I. Based in France, Ocea is a leading provider of smart water and heat submetering infrastructure, operating more than four million devices. The company serves over 7,000 public and private clients through long-term, inflation-linked contracts typically exceeding 10 years.
OCEA GROUP, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the Business Services sector (11.4x).
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Target
Ocea Group operates as a specialized provider of smart water and heat metering infrastructure, alongside comprehensive energy efficiency services tailored for residential buildings. The company's commercial business model centers on the deployment, sub-metering, and long-term management of smart data collection devices that track water and thermal energy consumption. The firm translates raw consumption data into actionable resource management workflows, providing property managers, landlords, and housing associations with integrated environmental reporting platforms.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
Above 6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (EUR)
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €50–100M
EBITDA range: €25–50M
EV/Revenue range: Above 6x
EV/EBITDA range: 15x - 25x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of OCEA GROUP by EQT PARTNERS 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: ocea group
Acquirer: eqt partners