Abenex takes majority stake in Origin Group
Context
Abénex has acquired a majority stake in Origin Group, taking over from previous financial partners Initiative & Finance and Elige Capital, who had held the company since 2016. The transaction also facilitates the full exit of one of the founding families while allowing the management team, led by President Bertrand Sée, to increase their equity stake. The strategic rationale for the deal is to accelerate the consolidation of a highly fragmented European market. Between 2016 and 2022, Origin successfully doubled its turnover from €16 million to €30 million, supported by three "bolt-on" acquisitions. Abénex intends to leverage its mid-cap resources to pursue an even more aggressive external growth strategy, aiming to establish Origin as a definitive market leader in industrial sealing solutions.
Origin Group, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, standing directly in line with the average observed in the Industry & Manufacturing sector (11.8x in 2022).
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Target
Founded in 1992, Origin Group is a specialized designer, manufacturer, and distributor of industrial sealing solutions. The company’s business model operates as a "one-stop-shop," controlling the entire value chain from technical design to high-availability distribution. Its value proposition is centered on a massive product range and technical expertise, serving a highly diverse and recurring industrial client base across sectors such as food processing, energy, and chemicals. Strategically, the group has transitioned from a family-run SME into an international platform, with 60% of its revenue generated from exports. By combining in-house manufacturing with a robust logistics engine, Origin ensures supply chain resilience for critical industrial maintenance and OEM (Original Equipment Manufacturer) applications.
Ent. Value
€50–150M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
5x–12x
EV / EBIT
10x–18x
Historical Financials (EUR)
Other operations with Origin Group
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2026 | ORIGIN GROUP | DISS-JAWA | BELGIUM | Valves, Pumps & Taps |
| 03/2026 | ORIGIN GROUP | POLSON & MBC GROUP | NETHERLANDS | Valves, Pumps & Taps |
Other operations with Abenex
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2026 | ABENEX / BPIFRANCE | TETHYS | FRANCE | Electronics |
| 04/2024 | ABENEX | EUROPA GROUP | FRANCE | Marketing & Events |
| 07/2021 | ABENEX | GROUPE LEADER INSURANCE | FRANCE | Brokerage |
| 05/2021 | ABENEX | EDL | FRANCE | Healthcare |
| 09/2020 | ABENEX | INLOG | FRANCE | Healthcare |
| 04/2018 | ABENEX | EUREKA EDUCATION | FRANCE | Education Providers |
| 05/2017 | ABENEX | EUROPA GROUP | FRANCE | Marketing & Events |
| 07/2011 | ABENEX | VULCANIC | FRANCE | Boilers & Thermal Solutions |
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|---|---|---|---|---|
| 11/2022 | IDEX CORPORATION | MUON GROUP | NETHERLANDS | Components |
| 10/2022 | TRELLEBORG GROUP | MINNESOTA RUBBER & PLASTICS | UNITED STATES | Components |
| 09/2022 | FARO TECHNOLOGIES | GEOSLAM | UNITED KINGDOM | Instrumentation & Measurement |
| 08/2022 | ALIMAK | TRACTEL | LUXEMBOURG | Lifting & Handling |
| 07/2022 | SPIRAX-SARCO ENGINEERING | VULCANIC | FRANCE | Boilers & Thermal Solutions |
| 07/2022 | EQUISTONE / ALPINVEST | SICAME | FRANCE | Electrical Equipment |
| 07/2022 | AMBIENTA | HOLWEG WEBER | UNITED STATES | Robotics & Automation |
| 07/2022 | HILLENBRAND | LINXIS GROUP | FRANCE | Food & Beverage Lines |
| 06/2022 | MAREL | WENGER MANUFACTURING | UNITED STATES | Food & Beverage Lines |
| 04/2022 | LONE STAR FUNDS | SPX FLOW | UNITED STATES | Special Machinery |
REFERENCES
Valuation range: EV €50–150M
Revenue range: €25–50M
EBITDA range: €5–25M
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 Origin Group by Abenex 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.
Press release: view release
Target: origin group
Acquirer: abenex
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