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09/2021MajorityLBO

Turenne Capital / Nord Capital Partenaires take majority stake in Kali Environnement

FRANCE Industrial Services / Engineering & Consulting EV €10–30M

Context

Turenne Emergence and Nord Capital Investissement have invested in the share capital of Kali Environnement Group as part of a primary LBO transaction aimed at supporting the reorganization of its shareholder base and the transfer of control by its founder, Pascal Marly. Founded in 1998 in the Hauts-de-France region, Kali Environnement Group is a consulting firm specializing in environmental and industrial risk management, comprising two complementary entities, Kalies and Kali'air, which cover the entire value chain, from regulatory studies to field measurements. The group employs approximately 80 staff members and has a national network of 11 locations, enabling it to serve a client base of over 1,000 customers, primarily industrial companies. The transaction allows the founder to divest a majority stake while retaining around 15% of the capital and supporting the transition. The two main operational managers, Fabrice Braconnier and Emmanuel Moulin, have been appointed Chairman and CEO, respectively, and have invested in the company alongside several key managers, in a move to strengthen management ownership. Turenne is investing through its Emergence and Nord Capital Investissement vehicles, with the objective of accelerating the group's growth, supporting its geographic expansion, and implementing a build-up strategy through targeted acquisitions. The project is based on reinforcing technical expertise, opening new locations, and consolidating the environmental consulting market.

Kali Environnement, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Kali Environnement is a provider of environmental consulting and regulatory compliance services, operating through five complementary businesses covering the entire life cycle of industrial sites. The company offers services such as ICPE compliance, site and soil pollution management, air quality monitoring, biodiversity studies, and water management. With a network of 15 agencies across France, Kali Environnement serves over 1,000 industrial clients and employs more than 180 professionals. The company's activities are focused on providing essential services to industrial clients, helping them navigate complex environmental regulations and ensuring compliance. Kali Environnement's business model is centered around providing specialized expertise and consulting services to these clients.

Ent. Value

€10–30M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
€5–25M
[members only]
[members only]
2020
€5–25M
[members only]
[members only]

Other operations with Kali Environnement

Other operations with Kali Environnement
DateAcquirerTargetCountrySector
06/202621 INVESTKALI ENVIRONNEMENTFRANCEEngineering & Consulting

Other operations with Turenne Capital / Nord Capital Partenaires

Other operations with Turenne Capital / Nord Capital Partenaires
DateAcquirerTargetCountrySector
06/2026BPIFRANCE / THREE HILLS / TURENNE CAPITAL / GROUPE VYVDESTIAFRANCEHome Care & Personal Services
04/2026TURENNE CAPITALKIZEOFRANCEConstruction / Real Estate
02/2026NORD CAPITAL PARTENAIRESLE PETIT SOUKFRANCEHome & DIY
02/2026NORD CAPITAL PARTENAIRESGROUPE COLIBRI – PROMESSE DE FLEURSFRANCESpecialized E-commerce
10/2025TURENNE CAPITALM-ENERGIESFRANCEHVAC
02/2025EURAZEO / TURENNE CAPITAL / KURMA PARTNERSGERMITECFRANCEMedical Devices
12/2023NORD CAPITAL PARTENAIRESGROUPE ROGER DELATTREFRANCEMasonry & Civil Eng.

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REFERENCES

Valuation range: EV €10–30M

Revenue range: €5–25M

EV/Revenue range: 1x - 3x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Kali Environnement by Turenne Capital / Nord Capital Partenaires 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: kali environnement

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Kali Environnement, a French company specialised in Engineering & Consulting, by Turenne Capital and Nord Capital Partenaires in 2021, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with 21 Invest in June 2026 (see the dedicated deal page for details).

How was the acquisition of Kali Environnement by Turenne Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €10–30M band and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What was Kali Environnement’s revenue at the time of the deal?

At the time of the transaction, Kali Environnement’s annual revenue was estimated within the €5–25M range (FY 2021). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

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