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11/2025MajorityLBO

Bpifrance & BNP Paribas Developpement take majority stake in Sacred

FRANCE Chemicals & Materials / Material Transformation / Plastics EV €10–30M

Context

Sacred Group has finalized a majority BIMBO, valuing the company at less than €30 million. The transaction sees industrial partner Stéphane Tortrat take a 60% stake, integrating his company Fenec into the new entity. Historical backers Bpifrance and BNP Paribas Développement remain in the capital, while former majority owner reduced his stake from 75% to 9%. The strategic rationale is to reduce Sacred’s exposure to the automotive sector by leveraging Fenec’s non-auto client base in aerospace, defense, and medical sectors. The merger creates a consolidated group with €75 million in revenue and a strong international presence (40% outside Europe). The deal was supported by senior bank debt provided by Bpifrance Financement, Crédit Agricole, and Société Générale.

Sacred, which reported an EBITDA margin of [members only] in 2024, 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 (11.3x in 2025).

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded in 1946, Sacred is a century-old French industrial group specializing in the transformation of rubber and elastomers. The company's business model is primarily focused on the automotive industry (60% of activity), producing high-performance technical parts for fluid management and sealing. Its value proposition centers on a global industrial footprint, with manufacturing plants in China, Mexico, Morocco, and Romania. Strategically, the group acts as a Tier-1 and Tier-2 supplier for global OEMs, leveraging long-standing expertise in industrial rubber to ensure durability and precision in harsh environments. Under its new cycle, the group aims to utilize its international infrastructure to diversify beyond automotive into high-barrier sectors like aerospace and energy.

Ent. Value

€10–30M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

5x–12x

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€50–100M
€5–25M
€0–5M
2023
€50–100M
€5–25M
€0–5M

Other operations with Bpifrance / BNP Paribas Developpement

Other operations with Bpifrance / BNP Paribas Developpement
DateAcquirerTargetCountrySector
06/2026BPIFRANCE / THREE HILLS / TURENNE CAPITAL / GROUPE VYVDESTIAFRANCEHome Care & Personal Services
12/2025BPIFRANCE / MBDANANOXPLOREFRANCEChips & Processors
10/2025BPIFRANCE / BRED BANQUE POPULAIREERIGEA LOISIRSFRANCELeisure Facilities
05/2024BPIFRANCE / MUBADALASOCOTECFRANCETIC (Testing, Inspection, Certification)
03/2022BPIFRANCE / EURAZEODOCTOLIBFRANCEHealthcare

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11/2025ARSENAL CAPITAL PARTNERSTHERMOSAFEUNITED STATESPackaging & Containers
11/2025ARCOLE / BENALU-LEGRASMETHALFRANCEMetallurgy / Foundry
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REFERENCES

Valuation range: EV €10–30M

Revenue range: €50–100M

EBITDA range: €5–25M

EV/Revenue range: below 1.5x

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 Sacred by Bpifrance / BNP Paribas Developpement 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.

Acquirer: bnp paribas developpement / bpifrance

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Sacred, a French company specialised in Material Transformation, by Bpifrance and BNP Paribas Developpement in 2025, structured as a leveraged buyout (LBO).

How was the acquisition of Sacred by Bpifrance valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €10–30M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Sacred’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Sacred generated annual revenue estimated in the €50–100M range and EBITDA in the €5–25M bracket (FY 2024). Detailed financial figures are available to members.

How does the valuation of Sacred compare to benchmarks in the Industry & Manufacturing sector?

With an estimated multiple range of 5x - 12x, the transaction stands directly in line with historical averages for the Industry & Manufacturing sector (11.3x in 2025).

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.