SIPAREX & RHÔNES-ALPES PME take majority stake in GROUPE PASSMAN
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 in 2010, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).
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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
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with GROUPE PASSMAN
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2026 | GROUPE PASSMAN | HOTEL TECHNOLOGY MANAGEMENT (HTM) | UNITED KINGDOM | IT Equipment |
| 07/2023 | SIPAREX | GROUPE PASSMAN | FRANCE | IT Equipment |
| 03/2019 | LBO FRANCE | GROUPE PASSMAN | FRANCE | IT Equipment |
| 06/2018 | GROUPE PASSMAN | SCREEN SERVICES | BELGIUM | MSP (Managed Services) |
| 05/2014 | ANDERA PARTNERS | GROUPE PASSMAN | FRANCE | IT Equipment |
REFERENCES
Revenue range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: groupe passman
Acquirer: siparex / rhônes-alpes pme