mynth
11/2017

TRESCAL acquired by OMERS

FRANCE Industrial Services / TIC (Testing, Inspection, Certification) EV 500M - 1.5b EUR

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.

Astorg had previously taken control of the company during an LBO in 2007.

TRESCAL, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services 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

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

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2016
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Other operations with TRESCAL

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
11/2007ASTORGTRESCALFRANCEIndustrial Services

Air Liquide sold the majority of its metrology subsidiary to Astorg Partners and the management team. Air Liquide retained a 15% minority stake to support the transition. The transaction valued the company at an Enterprise Value of just EUR25 million.

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

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

Target: trescal

Acquirer: omers