At what enterprise value was SPHEREA acquired in 2019?

During the acquisition of SPHEREA by OMNES CAPITAL / ANDERA PARTNERS in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SPHEREA when it was acquired by OMNES CAPITAL / ANDERA PARTNERS?

The estimated EV/EBITDA multiple for SPHEREA is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.6x. Join our community for free to access full valuation data and industry trends.

When was SPHEREA acquired by OMNES CAPITAL / ANDERA PARTNERS?

SPHEREA was acquired by OMNES CAPITAL / ANDERA PARTNERS in 2019.

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

The revenue of SPHEREA at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SPHEREA during the acquisition?

SPHEREA's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the SPHEREA 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 SPHEREA 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://capitalfinance.lesechos.fr/deals/lbo/spherea-sallie-a-deux-nouveaux-fonds-355059

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Home Database Industry & ManufacturingSPHEREA

01/2019

SPHEREA acquired by OMNES CAPITAL & ANDERA PARTNERS

FRANCE Aerospace, Naval & Defense / Engines & Systems EV 50M - 150M EUR

Context

Omnes Capital and Andera Partners entered into exclusive negotiations to acquire a majority stake in Spherea, outbidding Argos Wityu and Sagard. The transaction allows historical investors ACE Management (now Tikehau Ace) and IRDI to exit partially. A senior debt of over EUR40M, provided by LCL and HSBC, supports the deal. The strategic goal is to accelerate Spherea's diversification into railway and energy sectors and pursue larger-scale build-up operations.

SPHEREA, which reported an EBITDA margin of in 2018, 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

A former division of Airbus (spun off in 2014), Spherea is a world leader in test solutions for critical electronic systems. The company designs and manufactures test benches used to check the reliability of aircraft, helicopters, and military equipment. It employs over 600 people and has a strong international presence (Germany, UK, USA).

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Other operations with SPHEREA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2025	ANDERA PARTNERS	SPHEREA	FRANCE	Engines & Systems

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SPHEREA by OMNES CAPITAL / ANDERA PARTNERS 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: spherea

Acquirer: andera partners / omnes capital