SEDIVER acquired by BLACKSTONE
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.
SEDIVER, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).
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
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.
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Multiples
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 150M - 250M 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).
Acquirer: blackstone