Sediver acquired by Blackstone

FRANCE Chemicals & Materials / Material Transformation / Glass & Ceramics EV €500M–1.5bn

Context

Blackstone acquired a majority stake in Seves Group (Sediver's parent company) from Triton Partners. This deal concludes a 10-year turnaround by Triton, which rescued the group from near-bankruptcy in 2015. Under Triton, the group was streamlined (divesting non-core units like PPC and Vitrablok) to refocus entirely on Sediver's high-margin glass insulator business.

The acquisition of Sediver is part of the growth strategy of Blackstone, which already has several external growth operations under its belt, notably Rover Group in 2024.

Sediver, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Sediver is the world leader in toughened glass insulator technology for high and very high-voltage power lines. Founded in 1947, the company specializes in critical components that ensure the insulation and mechanical support of overhead power lines. With 810 employees and a dominant market share (50% of sales in the US), Sediver provides essential infrastructure for long-distance energy transmission, grid interconnection, and the integration of renewable energy sources.

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

Other operations with Blackstone

Other operations with Blackstone
Date	Acquirer	Target	Country	Sector
01/2025	BLACKSTONE	CITRIN COOPERMAN	UNITED STATES	Accounting & Audit
09/2024	BLACKSTONE / CPP INVESTMENTS	AIRTRUNK	AUSTRALIA	Hosting / Datacenter
02/2024	BLACKSTONE	ROVER GROUP	UNITED STATES	Pet Care
11/2023	BLACKSTONE / PERMIRA	ADEVINTA	NORWAY	E-commerce & Marketplaces
09/2023	BLACKSTONE	GROUPE PREMIUM	FRANCE	Wealth & Asset Management
05/2022	CDP EQUITY / BLACKSTONE / MACQUARIE	AUTOSTRADE PER L'ITALIA	ITALY	Infrastructure & Ground Services
03/2021	BLACKSTONE / STARWOOD CAPITAL GROUP	EXTENDED STAY AMERICA	UNITED STATES	Hotels & Accommodation
07/2019	BLACKSTONE	CRH EUROPE DISTRIBUTION	NETHERLANDS	Industrial & Technical Distribution
06/2019	KIRKBI INVEST / BLACKSTONE / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD)	MERLIN ENTERTAINMENTS	UNITED KINGDOM	Parks & Ski Resorts
04/2019	BLACKSTONE	ESSEL PROPACK	INDIA	Plastic Packaging

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REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €150–250M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Sediver by Blackstone 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.

FAQ

What transaction does this page cover?

This page covers Blackstone’s acquisition of 100% of Sediver, a French company specialised in Material Transformation, in 2024.

How was the acquisition of Sediver by Blackstone valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €500M–1.5bn band and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What was Sediver’s revenue at the time of the deal?

At the time of the transaction, Sediver’s annual revenue was estimated within the €150–250M range (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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