At what enterprise value was PIZZORNO ENVIRONNEMENT acquired in 2026?

During the acquisition of PIZZORNO ENVIRONNEMENT by PAPREC in 2026, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of PIZZORNO ENVIRONNEMENT when it was acquired by PAPREC?

The estimated EV/EBITDA multiple for PIZZORNO ENVIRONNEMENT is in the range of 5x - 12x.

When was PIZZORNO ENVIRONNEMENT acquired by PAPREC?

PIZZORNO ENVIRONNEMENT was acquired by PAPREC in 2026.

What was the revenue of PIZZORNO ENVIRONNEMENT at the time of the deal?

The revenue of PIZZORNO ENVIRONNEMENT at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of PIZZORNO ENVIRONNEMENT during the acquisition?

PIZZORNO ENVIRONNEMENT's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the PIZZORNO ENVIRONNEMENT 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 PIZZORNO ENVIRONNEMENT 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.paprec.com/fr/la-famille-pizzorno-devalle-envisage-de-ceder-le-controle-de-pizzorno-environnement-au-groupe-paprec-tout-en-restant-un-partenaire-engage-a-ses-cotes/

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Home DatabasePIZZORNO ENVIRONNEMENT

01/2026

PIZZORNO ENVIRONNEMENT acquired by PAPREC

FRANCE Utilities (Regulated Infrastructure) / Waste Management / Collection & Recycling EV 300M - 700M EUR

Context

Paprec Group exercised a call option to acquire an additional 30.64% stake in Pizzorno Environnement from the Pizzorno-Devalle family, increasing its total holding to 50.64%. The transaction was valued at EUR62.50 per share, representing a total Equity Value of EUR250M.

PIZZORNO ENVIRONNEMENT, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of .

Target

A family-owned key player in the circular economy specializing in waste management services. Its expertise covers the entire waste cycle: urban cleaning, collection, sorting, recovery, and treatment. The group employs 2,500 people.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Utilities (Regulated Infrastructure)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2026	EQT PARTNERS	Kelda Holdings	UNITED KINGDOM	Water
02/2026	BLACKSTONE / EQT PARTNERS	URBASER	SPAIN	Waste Management
10/2025	ITELYUM	La Cart	ITALY	Collection & Recycling
07/2025	CAPZA	DI ENVIRONNEMENT	FRANCE	Hazardous Waste
06/2025	SECHE ENVIRONNEMENT	GROUPE FLAMME	FRANCE	Waste Management
03/2025	ITELYUM	SPECIALACQUE AND SPECIALSPURGHI	ITALY	Waste Management
03/2025	LATOUR CAPITAL	SULO	FRANCE	Collection & Recycling
02/2025	IRETI	IREN ACQUA	ITALY	Water
01/2025	APOLLO GLOBAL MANAGEMENT / BC PARTNERS	GFL Environmental Services Business	CANADA	Hazardous Waste
06/2024	VEOLIA	ENVIROPACIFIC	AUSTRALIA	Hazardous Waste

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PIZZORNO ENVIRONNEMENT by PAPREC 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: pizzorno environnement

Acquirer: paprec