TRIGO acquired by ARDIAN
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 [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).
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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.
Ent. Value
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with TRIGO
Other operations with TRIGO
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REFERENCES
Valuation range: EV €300–700M
Revenue range: €150–250M
EV/Revenue range: 1x - 3x
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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