At what enterprise value was SYLPA acquired in 2019?

During the acquisition of SYLPA by 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 10M - 30M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA.

What was the EV/EBITDA of SYLPA when it was acquired by ANDERA PARTNERS?

The exact EV/EBITDA multiple for SYLPA is available on mynth capital. Join our community for free to access full valuation data and industry trends.

When was SYLPA acquired by ANDERA PARTNERS?

SYLPA was acquired by ANDERA PARTNERS in 2019.

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

The revenue of SYLPA at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 SYLPA 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 SYLPA 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.anderapartners.com/fr/actomezz-investit-dans-le-groupe-sylpa/

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Home DatabaseSYLPA

11/2019

SYLPA acquired by ANDERA PARTNERS

FRANCE Construction / Public Works / Utilities Networks (Water/Fiber) EV 10M - 30M EUR

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 LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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.

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Other operations with SYLPA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2025	FAUCHE	SYLPA	FRANCE	Construction	Electrical engineering specialist Groupe Fauché has successfully completed the acquisition of Sylpa, an Île-de-France-based peer, following a highly competitive, industrials-only auction process advised by Investec. The transaction facilitates the full exit of private equity sponsor Andera Partners, which had backed the target since 2019 through its sponsorless vehicle, Acto Mezz III. The acquisition was funded utilizing Groupe Fauché’s existing bank debt—secured during its recent MBO backed by minority investor EMZ—coupled with a private debt facility provided by GSO Financement. The targeted sell-side process generated significant market appetite, attracting six indicative offers from various corporate players. For the acquirer Groupe Fauché, this first milestone acquisition since its corporate reorganization is highly complementary to its geographic footprint. By integrating Sylpa, the Montauban-based group secures a dedicated regional subsidiary and significantly expands its business volume within the highly strategic Île-de-France market. The operation should also allow the Group to exceed €500M in revenue.

REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue 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 SYLPA by ANDERA PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: andera partners