At what enterprise value was OCEA GROUP acquired in 2024?

During the acquisition of OCEA GROUP by EQT PARTNERS in 2024, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. 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 Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of OCEA GROUP when it was acquired by EQT PARTNERS?

The estimated EV/EBITDA multiple for OCEA GROUP is in the range of 15x - 25x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was OCEA GROUP acquired by EQT PARTNERS?

OCEA GROUP was acquired by EQT PARTNERS in 2024.

What was the revenue of OCEA GROUP at the time of the deal?

The revenue of OCEA GROUP at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of OCEA GROUP during the acquisition?

OCEA GROUP's EBITDA is estimated to be in the range of 25M - 50M 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 OCEA GROUP 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 OCEA GROUP 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://capitalfinance.lesechos.fr/deals/lbo/eqt-valorise-ocea-plus-de-600-meur-2086960

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Home Database Business ServicesOCEA GROUP

04/2024

OCEA GROUP acquired by EQT PARTNERS

FRANCE Facility Management / Maintenance EV 500M - 1.5b EUR

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 in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

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

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EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

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2023

2022

Similar deals in Facility Management

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2024	BNP PARIBAS DEVELOPPEMENT / BPIFRANCE	HENCO	FRANCE	Maintenance
07/2024	EMZ PARTNERS	FAUCHE	FRANCE	Maintenance
02/2024	VINCI ENERGIES	R+S GROUP	GERMANY	Electrical
01/2023	VAUBAN INFRASTRUCTURE PARTNERS	PROXISERVE	FRANCE	HVAC
04/2022	AQUIRIAN	CYBEM MECHANICAL SERVICES	AUSTRALIA	Maintenance
01/2022	AMBIENTA	GROUPE CAP VERT	FRANCE	Landscaping
11/2021	COBEPA	GROUPE CLIMATER	FRANCE	HVAC
06/2021	ARDIAN	NETCO GROUP	FRANCE	Maintenance
11/2020	PRENAX GROUP	LM INFORMATION	FINLAND	BPO & Outsourcing
11/2020	LBO FRANCE / ANDERA PARTNERS	PRENAX GROUP	SWEDEN	BPO & Outsourcing

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 50M - 100M EUR

EBITDA range: 25M - 50M EUR

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