SYLPA acquired by ANDERA PARTNERS
Context
Groupe SYLPA has successfully completed a new LBO through a sponsorless transaction. This deal enables founding president Pascal Fournet-Fayard, CEO Olivier Godefroy, and a management team of six executives to significantly increase their equity stake in the business. The transaction facilitates the exit of Apax Partners Development (formerly EPF IV), which had backed the company since its 2015 MBO. The management team is supported by Andera Partners, which provided financing through its mezzanine fund, ActoMezz. The new senior acquisition debt was arranged by the group's historical banking partner, Banque Populaire Rives de Paris, and syndicated with LCL and CIC. With this renewed financial backing, the group aims to accelerate its organic growth by capitalizing on the dynamic Île-de-France market, driven by large-scale infrastructure projects such as Grand Paris 2030 and the 2024 Olympic Games. Additionally, management intends to actively pursue its external growth strategy to further expand its geographic footprint across the Île-de-France and Auvergne-Rhône-Alpes regions.
SYLPA, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of [members only].
Target
Groupe Sylpa is a specialized provider of electrical engineering, installation, and maintenance services firmly established in the Île-de-France region. Operating as a pure player through its legacy operational subsidiaries, some of which were founded nearly 80 years ago (ETT, ENTRA, SGEA, IECF, and APELTEC), the company delivers critical expertise across electrical installations, distribution networks, public lighting, and urban video protection (VPU) infrastructure. Supported by a network of eight regional sites, the group primarily serves a public sector client base. Operationally, Sylpa employs a dedicated workforce of over 300 professionals.
Ent. Value
€10–30M
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with SYLPA
Other operations with SYLPA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2025 | FAUCHE | SYLPA | FRANCE | Utilities Networks (Water/Fiber) |
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REFERENCES
Valuation range: EV €10–30M
Revenue range: €50–100M
EV/Revenue range: below 1.5x
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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.
Press release: view release
Acquirer: andera partners