TRESCAL acquired by OMERS
Context
Omers acquired a majority stake in Trescal from Ardian (who had held the asset since 2013).Omers successfully pre-empted a formal auction process—which was expected to attract heavyweights like PAI, Wendel, and Cinven—by moving quickly and submitting a fully financed, binding offer after a limited due diligence period. This move allowed them to secure the asset before a bidding war commenced.
It is worth noting that the fund Astorg took control of Trescal through an LBO in 2007.
TRESCAL, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Business Services sector (11.4x).
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Target
Trescal is a global specialist in metrology and calibration services. Originally a spin-off from Air Liquide (2007), the company has grown into an international powerhouse under the leadership of CEO Olivier Delrieu. Trescal provides calibration, repair, and maintenance services for test and measurement equipment across diverse sectors including Aerospace, Defense, Pharmaceuticals, Telecoms, and Automotive. Operating a network of over 110 laboratories worldwide, the group serves a client base that requires high-precision certification.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with TRESCAL
Other operations with TRESCAL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2007 | ASTORG | TRESCAL | FRANCE | TIC (Testing, Inspection, Certification) |
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2018 | HLD | KILOUTOU | FRANCE | Equipment Rental |
| 12/2017 | EUROFINS SCIENTIFIC | EAG LABORATORIES | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 10/2017 | PARQUEST CAPITAL | GROUPE ASERTI | FRANCE | Industrial Services |
| 10/2017 | TRITON PARTNERS | UNICA | NETHERLANDS | Multi-technical Installation |
| 08/2017 | UNITED RENTALS | NEFF | UNITED STATES | Equipment Rental |
| 06/2017 | ELEMENT MATERIALS TECHNOLOGY | EXOVA GROUP | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 06/2017 | PARQUEST CAPITAL | ACCES INDUSTRIE | FRANCE | Equipment Rental |
| 05/2017 | ADVENT INTERNATIONAL | IPH GROUP | FRANCE | Industrial & Technical Distribution |
| 05/2017 | ARDIAN | ASSYSTEM GLOBAL PRODUCT SOLUTIONS | FRANCE | Engineering & Consulting |
| 02/2017 | LOXAM | HUNE | SPAIN | Equipment Rental |
Other operations with OMERS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2021 | OMERS | AMEDES | GERMANY | Labs (Biology) |
| 05/2021 | OMERS | INTERNATIONAL SCHOOLS PARTNERSHIP | UNITED KINGDOM | Education Providers |
| 02/2016 | OMERS | Forefront Dermatology | UNITED STATES | Outpatient Care |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €250–500M
EBITDA range: €25–50M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRESCAL by OMERS 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.
Target: trescal
Acquirer: omers