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 11.1x, 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 11.1x. 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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Home Database Business ServicesTRIGO

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.

Ik Partners had previously taken control of the company through an LBO in 2011.

TRIGO, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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

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, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2026	MONTYON CAPITAL	TRIGO	FRANCE	Industrial Services	Montyon Capital has finalized the acquisition of a majority stake in Trigo from Ardian, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector leader in industrial quality assurance. The strategic rationale for this transaction centers on a "sectoral-diversification" play, merging the target's industry-leading technical operational depth in automotive quality control with a definitive push into the high-growth aerospace and defense verticals. This structural alignment provides the organization with the institutional capital and strategic flexibility required to pursue an innovation-led expansion roadmap. The operation focuses on the industrialization of AI-powered inspection tools, utilizing the target's extensive global database to automate diagnostic workflows and enhance the resolution of complex engineering challenges. By incorporating the sponsor's strategic discipline, the group is now positioned to leverage its international footprint to address the increasing demand for secure, high-performance manufacturing standards.
07/2011	IK PARTNERS	TRIGO	FRANCE	Industrial Services	IK Investment Partners has finalized the acquisition of a 70% stake in Trigo from AtriA Capital Partenaires, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector global champion of industrial quality services. The strategic rationale for this transaction centers on a "market-densification" play, merging the target's industry-leading technical operational depth in Western and Central Europe with the group’s extensive international commercial infrastructure. This structural alignment provides the organization with the institutional capital and strategic expertise required to pursue a definitive expansion into high-growth emerging markets, specifically targeting the BRIC nations.

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

Press release: view release

Target: trigo

Acquirer: ardian