At what enterprise value was TEXELIS acquired in 2024?

During the acquisition of TEXELIS by OUEST CROISSANCE / BPIFRANCE in 2024, 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 100M - 350M 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 TEXELIS when it was acquired by OUEST CROISSANCE / BPIFRANCE?

The estimated EV/EBITDA multiple for TEXELIS 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 TEXELIS acquired by OUEST CROISSANCE / BPIFRANCE?

TEXELIS was acquired by OUEST CROISSANCE / BPIFRANCE in 2024.

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

The revenue of TEXELIS 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 TEXELIS during the acquisition?

TEXELIS'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 TEXELIS 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 TEXELIS 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://mermoz.law/wp-content/uploads/2024/10/cfnews-texelis.pdf

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Home Database Industry & ManufacturingTEXELIS

09/2024

TEXELIS acquired by OUEST CROISSANCE & BPIFRANCE

FRANCE Automotive / Manufacturers (OEM) / Heavy Duty & Special Vehicles EV 100M - 350M EUR

Context

The management team of Texelis organized a new MBO to reinforce their majority stake and bring in new long-term partners. This transaction replaces the previous structure set up in 2018. A consortium of six investors backed the deal: Ouest Croissance and Bpifrance's Definvest entered as new leads, while historical partners Siparex and Carvest reinvested. The goal is to support the company's growth plan to reach EUR200 million in revenue by 2028, driven by major defense contracts (Scorpion program) and innovation in electric mobility for transport. The deal is financed by a senior debt package arranged by BNP Paribas and Arkea, representing a leverage of approximately 3x EBITDA.

TEXELIS, which reported an EBITDA margin of in 2023, 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

Based in Limoges, Texelis is a leading designer and manufacturer of high-performance mobility systems for heavy vehicles. The company operates two distinct business units: Defense (mobility solutions for armored vehicles like the "Serval" 4x4 for the French Army) and Transport (axles, bogies, and transmissions for metros, trams, and buses). Spun off from Renault Trucks in 2009, Texelis employs around 350 people and operates a 35,000 sqm Corporate site. In 2023, the group generated EUR112 million in revenue with an EBITDA of approximately EUR12 million.

Ent. Value

Equity Value

Multiples

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Historical Financials (EUR)

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2022

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REFERENCES

Valuation range: EV 100M - 350M 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 TEXELIS by OUEST CROISSANCE / BPIFRANCE 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: ouest croissance / bpifrance