UUDS acquired by CAPZA
Context
UUDS completed its first-ever Management Buy-Out (MBO) with Capza taking a majority stake. This primary LBO allowed the founder to hand over majority control while retaining a minority stake alongside CEO and key managers. The transaction was supported by a senior debt package arranged by a pool of major French banks with a leverage of less than 4x EBITDA. The financing includes a dedicated CAPEX line to fund future acquisitions, following the successful integration of Satys' cabin division. This deal aims to propel UUDS past the EUR100 million revenue mark in 2025 by capitalizing on the booming demand for premium cabin retrofitting.
As a reminder, the company had previously completed an external growth operation by acquiring Satys Cabin in 2025.
UUDS, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (10.9x).
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
UUDS is a leading specialist in the interior refurbishment and maintenance of premium aircraft cabins, focusing on business, first, and premium economy classes. The group provides comprehensive solutions for long-haul aircraft, ranging from cabin aesthetics and seat repairs to technical cleaning and full cabin reconfiguration. Operating globally with facilities in France, Dubai, China, and a new production plant in Dallas (USA), UUDS serves major international airlines and aircraft manufacturers.
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Historical Financials (EUR)
Other operations with UUDS
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 02/2025 | UUDS | SATYS CABIN | FRANCE | Aerospace, Naval & Defense | UUDS Aero acquired 100% of Satys Cabin from the Satys Aerospace group. This "carve-out" allowed Satys to refocus on its core business of aircraft painting and sealing, while providing UUDS with the industrial manufacturing capabilities it previously lacked. Financed through bank debt, the deal is highly synergistic: it combines UUDS's expertise in airline maintenance with Satys Cabin's direct access to aircraft manufacturers (OEMs). This merger allows the new entity to address the entire aircraft lifecycle—from factory exit to end-of-life refurbishment—within the high-margin Premium and First Class segments. |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 100M - 200M EUR
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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).
Acquirer: capza