At what enterprise value was SEYNTEX acquired in 2026?

During the acquisition of SEYNTEX by CERES INDUSTRIES CAPITAL in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SEYNTEX when it was acquired by CERES INDUSTRIES CAPITAL?

The exact EV/EBITDA multiple for SEYNTEX is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.4x. Join our community for free to access full valuation data and industry trends.

When was SEYNTEX acquired by CERES INDUSTRIES CAPITAL?

SEYNTEX was acquired by CERES INDUSTRIES CAPITAL in 2026.

What was the revenue of SEYNTEX at the time of the deal?

The revenue of SEYNTEX at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the SEYNTEX 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 SEYNTEX 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.lecho.be/entreprises/defense-aeronautique/le-groupe-flamand-seyntex-passe-entre-des-mains-francaises/10655986.html

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Home Database Industry & ManufacturingSEYNTEX

04/2026

SEYNTEX acquired by CERES INDUSTRIES CAPITAL

BELGIUM Aerospace, Naval & Defense / Weaponry & Ammo EV 100M - 350M EUR

Context

The investment consortium led by a French industrial-focused sponsor has successfully finalized a Management Buy-In (MBI) of the target, marking the end of over a century of family ownership. This strategic transaction represents a pivotal step in the manufacturer’s evolution, transitioning the firm from a family-held enterprise into a consolidated paneuropean platform named International Protective Equipment (IPE). The strategic rationale for the move centers on the urgent requirement for European industrial autonomy in the defense sector and the target’s unique position as an integrated, patent-protected provider of high-end personal protective equipment. By incorporating a seasoned industry leader as the new Director alongside the existing management team, the organization reinforces its ability to execute an aggressive build-up strategy across the European continent. The partnership is designed to leverage the acquirer’s financial depth to professionalize operations and accelerate research and development in ballistics and CBRN technologies. This integration facilitates the scaling of technical operational depth, providing the strategic resources required to navigate the increasing demand for high-volume, sovereign defense production. The move solidifies the group’s standing as a primary enabler of paneuropean security infrastructure and technological modernization.

SEYNTEX, which reported an EBITDA margin of LOGIN in 2025, 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 (11.4x).

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

Seyntex is a premier industrial organization specializing in the design and manufacturing of high-performance protective equipment for sovereign defense, internal security, and emergency services. The entity’s business model is built on an integrated value chain, operating proprietary manufacturing facilities in Eastern Europe and Asia to ensure technical operational depth and supply chain autonomy. Its value proposition is anchored in specialized ballistics technology, specifically bulletproof vests and Nuclear, Biological, Chemical, Radiological (CBRN) combat suits. Strategically, the firm focuses on a high degree of technical innovation, with a significant portion of its product portfolio protected by international patents. By acting as a primary supplier to major European armed forces and law enforcement agencies, the organization ensures a mission-critical role in national strategic security. The entity prioritizes industrialized scalability and technical excellence to facilitate the rapid deployment of advanced protective solutions in volatile geopolitical environments.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue 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 SEYNTEX by CERES INDUSTRIES CAPITAL are reserved for mynth community members. Register for free to unlock full data.

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: ceres industries capital