At what enterprise value was SICAME acquired in 2022?

During the acquisition of SICAME by EQUISTONE / ALPINVEST in 2022, 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 500M - 1.5b 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 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SICAME when it was acquired by EQUISTONE / ALPINVEST?

The estimated EV/EBITDA multiple for SICAME is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was SICAME acquired by EQUISTONE / ALPINVEST?

SICAME was acquired by EQUISTONE / ALPINVEST in 2022.

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

The revenue of SICAME at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SICAME during the acquisition?

SICAME's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

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 SICAME 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 SICAME 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.equistone.fr/equistone-realises-fund-v-investment-in-sicame-through-inaugural-continuation-deal/

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Home Database Industry & ManufacturingSICAME

07/2022

SICAME acquired by EQUISTONE & ALPINVEST

FRANCE Industrial Equipment / Components / Electrical Equipment EV 500M - 1.5b EUR

Context

Equistone Partners Europe established a dedicated Continuation Fund, led by AlpInvest Partners, to retain its majority stake in Sicame Group. This complex secondary operation allowed Equistone to provide exit liquidity for its 2015-vintage fund while continuing to support Sicame’s long-term growth. The deal was structured with a €260 million Term Loan B (TLB) facility, which includes €80–90 million in dedicated CAPEX lines for future acquisitions. The management team increased its equity stake (relution) alongside the founding family, who remains a shareholder. The transaction ensures alignment of interests between the new consortium of LPs and Equistone’s partners, who also directly co-invested in the new vehicle.

It is worth noting that the fund Equistone took control of Sicame through an LBO in 2015.

SICAME, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.1x).

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.

-> Deep-dive in Industry & Manufacturing market trends

Target

Sicame Group is a global specialist in manufacturing connectivity equipment and providing consultancy services for the transmission and distribution of electrical energy. The company designs and produces a wide range of accessories for low, medium, and high voltage networks, including mechanical connectors, street lighting equipment, and safety devices for technicians. With a strong industrial footprint, Sicame serves major utility providers and infrastructure operators worldwide. Its business model focuses on mission-critical components that ensure grid reliability and safety. Strategically, the group leverages a proactive "buy-and-build" strategy to consolidate the global electrical equipment market, aiming to double its size through international expansion and technological innovation.

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Other operations with SICAME

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2015	EQUISTONE	SICAME	FRANCE	Industrial Equipment	Equistone Partners Europe has increased its stake in Sicame Group from 20% to approximately 60%, becoming the majority shareholder. The transaction involves the full exit of Siparex (which achieved a return of over 2

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA 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 SICAME by EQUISTONE / ALPINVEST 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: equistone