SANSIDOR acquired by IK PARTNERS
Context
IK Partners, through its IK Small Cap III Fund, has signed an agreement to invest in Sansidor alongside existing shareholders HC Partners, the original founders, and the management team. This transaction marks a new phase of growth for the Group, which was originally created in 2018 through a series of acquisitions. The strategic rationale for the investment is to accelerate the Group’s active buy,and,build strategy within the highly fragmented European testing, inspection, and services market. Under the new ownership structure, the Group plans to further develop its internal M&A engine to drive market consolidation and increase cross,selling across its network of companies. A key component of the future strategy includes international expansion, with an initial geographic focus on entering the German market. The partnership seeks to build upon the resilient nature of the Group’s service offering, which benefits from strong regulatory tailwinds and a loyal customer base across more than nine thousand clients.
SANSIDOR, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Business Services sector (10.9x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Sansidor is a fast,growing testing, inspection, and related services provider based in the Netherlands, specializing in the safety, health, and sustainability of the built environment. The Group operates as a "one,stop shop" for small, medium, and large enterprises, offering a broad suite of recurring, compliance,led services across four primary segments: Water Safety, Fire Protection, Electricity, and Building Integrity. Additionally, the Group maintains specialized niches in Infection Prevention and air measurements. Its business model is built on a decentralized network of high,performing specialist companies that maintain their entrepreneurial culture while benefiting from central support. This structure ensures a high level of customer stickiness, driven by stringent insurance, regulatory, and legal requirements that necessitate regular inspections of technical installations and building systems.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Acquirer: ik partners