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04/2010MajorityLBO

Siparex & Rhônes-Alpes PME take majority stake in Groupe Passman

FRANCE Hardware & Electronics / IT Equipment REV €5–25M

Context

Siparex and Rhône-Alpes PME Gestion have invested in Passman, a French company specializing in internet access solutions for hotel customers. The operation allowed Passman to finance its development and strengthen its position in the market. The amount of the investment is 2.1 M Euros, with a senior debt of 3.5 M Euros. Financial and legal advice was provided by Aktelys Diligence, Aforge Finance and MAGS Avocats. This operation allows Siparex and Rhône-Alpes PME Gestion to strengthen their presence in the technology and services sector. The deal is a leveraged buyout, with Siparex and Rhône-Alpes PME Gestion acquiring a significant stake in Passman, and the company's management team retaining a significant portion of the capital.

Groupe Passman, which reported an EBITDA margin of [members only] in 2010, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Established in 1995, Passman is a French company that specializes in providing connectivity solutions and managed internet access to public-facing establishments. The company primarily serves the hospitality sector, but also caters to other environments such as campsites, healthcare facilities, collective residences, and select commercial sites. Today, Passman equips over 7,000 establishments with Wi-Fi, TV/IPTV, and digital signage solutions. The group designs and deploys local area network infrastructures that enable secure, stable, and multi-purpose internet access. Its offerings encompass the installation of technical equipment, Wi-Fi network management, and quality of service optimization to ensure a seamless user experience for end-users.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2010
€5–25M
[members only]
[members only]
2009
€5–25M
[members only]
[members only]

Other operations with Groupe Passman

Other operations with Groupe Passman
DateAcquirerTargetCountrySector
04/2026GROUPE PASSMANHOTEL TECHNOLOGY MANAGEMENT (HTM)UNITED KINGDOMIT Equipment
07/2023SIPAREXGROUPE PASSMANFRANCEIT Equipment
03/2019LBO FRANCEGROUPE PASSMANFRANCEIT Equipment
06/2018GROUPE PASSMANSCREEN SERVICESBELGIUMMSP (Managed Services)
05/2014ANDERA PARTNERSGROUPE PASSMANFRANCEIT Equipment

Other operations with Siparex / Rhônes-Alpes PME

Other operations with Siparex / Rhônes-Alpes PME
DateAcquirerTargetCountrySector
10/2025SIPAREX / BPIFRANCEBRIFER (LA FERROVIAIRE DE LA BRIE)FRANCERailways
04/2025SIPAREXNOOUSFRANCERecruitment / Headhunting
03/2025SIPAREXLABORATOIRE POLIDISFRANCEMedical Consumables
07/2023SIPAREXGROUPE PASSMANFRANCEIT Equipment
05/2023SIPAREXSODIKARTFRANCECycling & Micromobility
07/2021SIPAREXALCATRAZ ITFRANCEOperators
02/2021SIPAREXWINNCAREFRANCEMedical Devices
05/2020SIPAREX / BPIFRANCEGROUPE TOP CHRONOFRANCELast Mile Delivery
08/2019SIPAREXCLAYENS GROUPFRANCEPlastics
09/2013SIPAREXMEDIASCIENCEFRANCEEducational Equipment

Similar deals in Hardware & Electronics

Similar deals in Hardware & Electronics
DateAcquirerTargetCountrySector
05/2018THE CARLYLE GROUPHGH SYSTÈMES INFRAROUGESFRANCESensors & Optics
12/2017LBO FRANCECROUZETFRANCESensors & Optics
10/2016CHARTERHOUSESAGEMCOMFRANCEIoT & Connected Objects
10/2016ANDERA PARTNERSACB GROUPBELGIUMElectronic Components
06/2015ALLEGIONSIMONSVOSS TECHNOLOGIESGERMANYIoT & Connected Objects
05/2014ANDERA PARTNERSGROUPE PASSMANFRANCEIT Equipment
04/2014PAI PARTNERS / THE CARLYLE GROUPINNOVISTA (EX CST)FRANCESensors & Optics
01/2012ARKEA CAPITALACB GROUPBELGIUMElectronic Components
07/2010PUBLIC MARKETS (IPO)SMART TECHNOLOGIESCANADAIT Equipment
05/2010HG CAPITALSIMONSVOSS TECHNOLOGIESGERMANYIoT & Connected Objects

REFERENCES

Revenue range: REV €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Groupe Passman by Siparex / Rhônes-Alpes PME 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.

Target: groupe passman

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Groupe Passman, a French company specialised in IT Equipment, by Siparex and Rhônes-Alpes PME in 2010, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Andera Partners in May 2014 (see the dedicated deal page for details).

What was Groupe Passman’s revenue at the time of the deal?

At the time of the transaction, Groupe Passman’s annual revenue was estimated within the €5–25M range (FY 2010). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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