mynth
12/2015

SICAME acquired by EQUISTONE

FRANCE Industrial Equipment / Components / Electrical Equipment REV 250M - 500M EUR

Context

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 2.0x on its 2009 investment) and Etoile ID. Additionally, several members of the founding Lachaud and Brahimi families have exited, though both families retain a substantial minority position. The deal values Sicame at an Enterprise Value between €250 million and €300 million. This leveraged buyout (LBO) is designed to provide the group with a stable long-term financial partner to pursue its aggressive international M&A strategy, particularly in markets with high regulatory barriers and unique technical norms.

SICAME, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

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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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2015
2014

Other operations with SICAME

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2022EQUISTONE / ALPINVESTSICAMEFRANCEElectrical Equipment

REFERENCES

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M 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 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.

Acquirer: equistone