SLV has been 100% owned by ARDIAN since October 2016.

At what enterprise value was SLV acquired in 2016?

During the acquisition of SLV by ARDIAN in 2016, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of SLV when it was acquired by ARDIAN?

The estimated EV/EBITDA multiple for SLV is in the range of 10x - 18x.

When was SLV acquired by ARDIAN?

SLV was acquired by ARDIAN in 2016.

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

The revenue of SLV at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of SLV during the acquisition?

SLV's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the SLV 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 SLV 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.ardian.com/fr/communiques-de-presse/ardian-acquiert-slv-aupres-de-cinven

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingSLV

10/2016

SLV acquired by ARDIAN

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

Context

Ardian acquired 100% of SLV Group from Cinven in an auction process managed by Goldman Sachs, outbidding 3i, Triton, and Pamplona. The deal was financed with a senior debt package of EUR360M. Cinven achieved a 2x return on this sale, following its 2011 entry. During Cinven's tenure, SLV increased its turnover by 40% and completed three bolt-on acquisitions (Unex, Lagotronics, Nordtronic). Ardian aims to continue this growth by leveraging SLV's international distribution network and its established sourcing office in China.

It is worth noting that the fund Cinven took control of Slv through an LBO in 2011.

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

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded in 1979, SLV is a leading German provider of innovative lighting systems for interior and exterior use. The company operates a specialized wholesaler business model, distributing products through a vast network of partners in 60 countries. It has a strong focus on high-quality LED fixtures and efficient sourcing.

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Other operations with SLV

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2011	CINVEN	SLV	GERMANY	Electrical Equipment

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M 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 SLV by ARDIAN 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: ardian