At what enterprise value was ADB SAFEGATE acquired in 2017?

During the acquisition of ADB SAFEGATE by THE CARLYLE GROUP in 2017, 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 500M - 1.5b 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 10.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ADB SAFEGATE when it was acquired by THE CARLYLE GROUP?

The estimated EV/EBITDA multiple for ADB SAFEGATE is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.8x. Join our community for free to access full valuation data and industry trends.

When was ADB SAFEGATE acquired by THE CARLYLE GROUP?

ADB SAFEGATE was acquired by THE CARLYLE GROUP in 2017.

What was the revenue of ADB SAFEGATE at the time of the deal?

The revenue of ADB SAFEGATE at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ADB SAFEGATE during the acquisition?

ADB SAFEGATE's EBITDA is estimated to be in the range of 50M - 100M 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 ADB SAFEGATE 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 ADB SAFEGATE 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.carlyle.com/media-room/news-release-archive/carlyle-group-acquire-adb-safegate-global-airport-performance

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Home Database Industry & ManufacturingADB SAFEGATE

07/2017

THE CARLYLE GROUP takes majority stake in ADB SAFEGATE

BELGIUM Aerospace, Naval & Defense EV 500M - 1.5b EUR

Context

PAI Partners has completed the sale of ADB SAFEGATE to Carlyle in a LBO ter, following a multi-year value creation and transformation phase. The deal represents PAI’s exit from the company after a period of international expansion and industrial consolidation. The sale process was run as a competitive auction for a mid-cap international industrial asset, involving both financial sponsors and strategic infrastructure and aviation players. Carlyle Europe Partners IV emerged as the successful bidder and will support management in the next phase of growth. The transaction reflects a standard portfolio rotation for PAI Partners, crystallizing value in a scaled global platform while recycling capital into new investments. The deal was structured as a leveraged buyout, combining senior debt and subordinated financing instruments.

Pai Partners had previously taken control of the company through an LBO in 2013.

ADB SAFEGATE, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (10.8x).

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.

-> Deep-dive in Industry & Manufacturing market trends

Target

ADB SAFEGATE (ex ADB Airfield Solutions) is a global leader in airfield ground lighting (AGL) systems for airport infrastructure. The company designs, manufactures, and markets a comprehensive range of runway and taxiway lighting products, as well as integrated control, monitoring, and power management systems used in airport operations. Its solutions cover both airside equipment and centralized control systems deployed in control towers and electrical substations. ADB serves a wide range of airport customers, from major international hubs to regional airports, military bases, and heliports. The company has a strong global footprint, with installations in more than 2,000 airports across over 175 countries. It operates an international industrial and commercial platform, including manufacturing sites in Europe, the United States, and China, as well as a global network of sales offices and distributors. The company is also recognized for its technological leadership in LED airfield lighting and intelligent airport infrastructure systems.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
11/2013	PAI PARTNERS	ADB SAFEGATE	BELGIUM	Aerospace, Naval & Defense	PAI Partners acquired ADB Airfield Solutions from Montagu Private Equity in a control buyout following a prior carve-out from a former industrial group. ADB is a global leader in airfield ground lighting (AGL) systems, providing end-to-end solutions including runway and taxiway lighting, power supply equipment, and monitoring and control systems for airport operations. The company serves more than 2,000 airports across over 175 countries, with a strong international footprint and significant exposure to emerging markets. The transaction is intended to support the next stage of ADB’s development, focusing on: international expansion through local manufacturing and commercial capabilities, operational efficiency improvements via global integration, strengthening of technology leadership in airport lighting systems, and selective external growth through acquisitions. Rothschild acted as exclusive financial advisor to the seller and the company, while BNP Paribas advised the buyer.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA 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 ADB SAFEGATE by THE CARLYLE GROUP 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

Target: adb safegate

Acquirer: the carlyle group