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04/2026

THIFAN INDUSTRIE acquired by GROUPE RIVOLIER

FRANCE Aerospace, Naval & Defense / Weaponry & Ammo REV 0M - 5M EUR

Context

Groupe RIVOLIER completed the acquisition of THIFAN INDUSTRIE to integrate specialized ammunition manufacturing capabilities and secure key ballistic intellectual property. This transaction allows the buyer to become the owner of the renowned Sauvestre brand and its associated BFS and FIP technologies, which are considered industry standards for hunting projectiles. The rationale for the deal is rooted in the buyer's broader industrial strategy to reinforce its "Made in France" positioning and contribute to national sovereignty by internalizing the production of critical components within the shooting and defense supply chain. Following previous acquisitions of firearms manufacturers and cartridge producers, this deal completes the group's technical offering, enabling it to provide a fully integrated solution of weapons and high-performance ammunition. The buyer intends to support the target's international growth while maintaining the high-quality standards established at the Saint-Doulchard production site.

THIFAN INDUSTRIE, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.1x).

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.

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Target

THIFAN INDUSTRIE operates as a specialized French manufacturer of ammunition, maintaining a historical production base in Saint-Doulchard. The business model is centered on the design and industrial production of high-performance projectiles and cartridges tailored specifically for the hunting and sport shooting markets. The firm is recognized for its technical mastery of advanced ballistic technologies, notably holding the proprietary rights to specialized arrow-bullet systems such as the Sauvestre Arrow Bullet (BFS) and the Internal Range Arrow (FIP). These technologies distinguish the company in the market by offering superior precision and terminal ballistics compared to standard ammunition. The entity manages the full production cycle from technical development to manufacturing, positioning itself as a key industrial player in the French small-caliber munitions sector with a reputation for quality and technological innovation.

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Historical Financials (EUR)

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REFERENCES

Revenue range: 0M - 5M EUR

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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).

Acquirer: groupe rivolier