mynth
06/2024

STID acquired by CAPITAL CROISSANCE

FRANCE Hardware & Electronics / IT Equipment / IoT & Connected Objects EV €50–150M

Context

STid opened its capital to the private equity fund Capital Croissance through a capital increase to fund its ambitious international expansion plan. The management team retains control. The fresh capital aims to accelerate deployment in North America and the Middle East, and to support continued R&D investment in high-security architectures. This move comes as the company experiences strong double-digit growth.

STID, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

STid is a leading French manufacturer specializing in high-security contactless identification solutions. The company designs and produces secure access control readers, hands-free identification systems, and vehicle tracking solutions using RFID, NFC, and Bluetooth® technologies. Recognized for its "open technology" approach and First Line of Defense certification (ANSSI), STid serves high-sensitivity clients in government, defense, and corporate sectors.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
€10–30M
[members only]
[members only]
2022
€10–30M
[members only]
[members only]

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
08/2024BAIN CAPITALSomacisITALYElectronic Components
07/2024SomacisDYCONEXSWITZERLANDSemiconductors
06/2024RESIDEO TECHNOLOGIESSNAP ONEUNITED STATESIoT & Connected Objects
02/2024TELEDYNE TECHNOLOGIES INCORPORATEDADIMECNETHERLANDSSensors & Optics
12/2023AMPHENOL CORPORATIONPCTELUNITED STATESIoT & Connected Objects
12/2023ORICATERRA INSIGHTSCANADASensors & Optics
11/2023IRD INVESTIAGONAFRANCEIT Equipment
11/2023MILLARSENTRONNETHERLANDSSensors & Optics
09/2023HID GLOBALEVOLISFRANCEIoT & Connected Objects
07/2023CHARTERHOUSESAGEMCOMFRANCEIoT & Connected Objects

REFERENCES

Valuation range: EV €50–150M

Revenue range: €10–30M

EV/Revenue range: 1x - 3x

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

Acquirer: capital croissance