02/2020MajorityLBO

Argos Wityu takes majority stake in Sicura

ITALY Facility Management / Maintenance / Security & Guarding EV €50–150M

Context

Argos Wityu successfully acquires a controlling majority stake in Sicura from a larger corporate facility management group. The operation effectively serves as a strategic corporate carve-out, allowing the target to operate independently. To ensure profound long-term alignment and continuity, the deal structure incorporates significant minority reinvestments from both the former corporate parent and the incumbent executive management team. The primary strategic mandate of this new capital partnership is to aggressively finance Sicura's external growth trajectory by executing targeted acquisitions across complementary safety and security sectors.

Sicura, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, standing directly in line with the average observed in the Business Services sector (10.6x in 2020).

-> Deep-dive in Business Services market trends

Target

Sicura is an Italian leader in workplace safety and integrated security solutions. The group provides a comprehensive range of services including the installation and maintenance of fire protection systems, machine safety auditing, occupational medicine, and technical safety training. It operates as a consolidated hub for regulatory compliance, ensuring that industrial and commercial sites meet all legal safety standards. Benefiting from increased market attention on comprehensive safety protocols, the firm aims to heavily expand its geographic reach and service portfolio. With a solid operational foundation and specialized technical capabilities, the enterprise is exceptionally well-positioned to capitalize on highly synergistic acquisitions within its core and adjacent security sectors.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with Argos Wityu

Other operations with Argos Wityu
Date	Acquirer	Target	Country	Sector
03/2026	ARGOS WITYU	BÄCKEREI KAMPS	NETHERLANDS	Restaurants / Chains
03/2024	ARGOS WITYU	ROUTIN	FRANCE	Beverages
06/2023	ARGOS WITYU	TKH FRANCE	FRANCE	Electrical
07/2018	ARGOS WITYU	JURATOYS	FRANCE	Consumer Products
07/2017	ARGOS WITYU	REVIMA GROUP	FRANCE	MRO (Maintenance, Repair & Overhaul)

Similar deals in Facility Management

Similar deals in Facility Management
Date	Acquirer	Target	Country	Sector
09/2020	PHOENIX EQUITY PARTNERS	SPY ALARMS	UNITED KINGDOM	Security & Guarding
06/2020	HLD	TSG (TECHNICAL SERVICES GROUP)	FRANCE	Electrical
01/2020	COMPASS GROUP	FAZER FOOD SERVICES	FINLAND	Contract Catering & FM Food
09/2019	MBO+	PINSON PAYSAGES	FRANCE	Landscaping
08/2019	QUALIUM	ACOLAD	FRANCE	Document Management
08/2019	TESSI	ADM VALUE	FRANCE	Call Centers
07/2019	ACOLAD	LIVEWORDS	NETHERLANDS	Document Management
07/2019	BC PARTNERS	GARDAWORLD SECURITY	CANADA	Security & Guarding
06/2019	VAUBAN INFRASTRUCTURE PARTNERS / ASTERION	PROXISERVE	FRANCE	HVAC
04/2019	IK PARTNERS	BST GROUP	SWEDEN	Security & Guarding

REFERENCES

Valuation range: EV €50–150M

Revenue range: €25–50M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

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

Press release: view release

Acquirer: argos wityu

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Sicura, an Italian company specialised in Maintenance, by Argos Wityu in 2020, structured as a leveraged buyout (LBO).

How was the acquisition of Sicura by Argos Wityu valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €50–150M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Sicura’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Sicura generated annual revenue estimated in the €25–50M range and EBITDA in the €5–25M bracket (FY 2020). Detailed financial figures are available to members.

How does the valuation of Sicura compare to benchmarks in the Business Services sector?

With an estimated multiple range of 5x - 12x, the transaction stands directly in line with historical averages for the Business Services sector (10.6x in 2020).

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

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