UTAC CERAM acquired by 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.
UTAC CERAM, which reported an EBITDA margin of in 2019, 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).
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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.
Ent. Value
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with UTAC CERAM
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2020 | UTAC CERAM | MILLBROOK | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
REFERENCES
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of UTAC CERAM by EURAZEO / FCDE (FONDS DE CONSOLIDATION ET DE DEVELOPPEMENT DES ENTREPRISES) 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.
Acquirer: fcde (fonds de consolidation et de developpement des entreprises) / eurazeo