UTAC CERAM
Acquired by
EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES)
UTAC CERAM acquired by EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES)
Target
UTAC CERAM
Acquirer
EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES)
Context
Eurazeo PME acquired a majority stake in Utac Ceram from FCDE in a secondary LBO transaction. The deal involved an equity investment of EUR80 million from the lead acquirer, while the historical shareholder, FCDE, reinvested alongside the CCFA to maintain minority interests. The transaction was supported by a unitranche debt facility provided by an international private debt specialist. The investment strategy is designed to decouple the target's governance from historical industrial ties and fuel a new phase of international expansion. Specifically, the partnership aims to fund the acquisition of complementary technical skills and competitors outside of France, capitalizing on the rapid growth of electric, hybrid, and autonomous vehicle technologies.
This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.3x since the beginning of 2026, a stable level compared to 2025. 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
Utac Ceram is a french specialist in vehicle homologation and testing provides technical services for the global automotive and transport industries. The group is a leader in institutional and regulatory testing, offering expertise in autonomous and connected vehicle trials. It operates multiple technical centers in France and is expanding its footprint to include hot-weather testing facilities in Morocco. As a trusted partner for safety and environmental certification, the company supports manufacturers through the entire vehicle development cycle. Since its transition to private equity ownership, the group has pursued an active international growth strategy to build a scaled European platform for automotive validation.
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Historical Financials (EUR)
Other operations with UTAC CERAM
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 12/2020 | UTAC CERAM | MILLBROOK | UNITED KINGDOM | TIC (Testing, Inspection, Certification) | Utac Ceram acquired 100% of Millbrook from the British group Spectris. This transformative transaction, signed shortly after the acquirer's secondary LBO, allowed the group to double its size in terms of both revenue and headcount. The strategic rationale is centered on creating the most comprehensive vehicle testing and validation offering in the European market by combining the acquirer's autonomous vehicle expertise with the target's electric vehicle testing capabilities. Geographically, the merger provides a balanced footprint for both hot and cold weather testing and strengthens the group's position with international manufacturers, particularly through shared teams in China and the United States. Financing for the operation was secured as part of the group's recent leveraged buyout. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.