At what enterprise value was TRIGO acquired in 2016?

During the acquisition of TRIGO by ARDIAN in 2016, 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 300M - 700M 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 Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TRIGO when it was acquired by ARDIAN?

The exact EV/EBITDA multiple for TRIGO is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was TRIGO acquired by ARDIAN?

TRIGO was acquired by ARDIAN in 2016.

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

The revenue of TRIGO at the time of the deal is estimated to be in the range of 150M - 250M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 TRIGO 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 TRIGO 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.ardian.com/fr/communiques-de-presse/ardian-entre-en-negociation-exclusive-en-vue-de-lacquisition-de-trigo

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04/2016

TRIGO acquired by ARDIAN

FRANCE Industrial Services / TIC (Testing, Inspection, Certification) EV 300M - 700M EUR

Context

Ardian entered into exclusive negotiations with IK Investment Partners to acquire a majority stake in Trigo Group. The transaction was structured as a partnership with the existing management team, which remained in place to drive the next phase of development. The deal aimed to support Trigo's international growth strategy and its consolidation of the global quality services market through strategic acquisitions across Europe, Asia, and the Americas. The investment provided the group with the long-term resources required to expand its service offering and strengthen its leadership in the aerospace and automotive verticals.

It is worth noting that the fund Ik Partners took control of Trigo through an LBO in 2011.

TRIGO, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Founded in 1997, Trigo is a global leader in quality management services for the manufacturing sector, particularly in the transportation industry. The company provides operational quality solutions, including inspection, auditing, and consulting services for major international manufacturers in the automotive, aerospace, and rail sectors.

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Other operations with TRIGO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2026	MONTYON CAPITAL	TRIGO	FRANCE	TIC (Testing, Inspection, Certification)
07/2011	IK PARTNERS	TRIGO	FRANCE	TIC (Testing, Inspection, Certification)

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRIGO by ARDIAN 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.

Press release: view release

Target: trigo

Acquirer: ardian