VENPA acquired by SAGARD
Context
Sagard MidCap acquired a majority stake in Venpa to accelerate its development. Between 2021 (entry of QCapital) and 2024, the group underwent a massive scale-up, growing its revenue from EUR40M to approx. EUR100M and its EBITDA from EUR14M to EUR40M (Expected 2024). This deal highlights the successful consolidation of the Italian rental market.
It is worth noting that the fund Qcapital took control of Venpa through an LBO in 2021.
VENPA, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).
-> Deep-dive in Business Services market trends
Target
Venpa is an Italian group founded in 1981 and headquartered in Dolo (Venice), specializing in the rental of construction lifting equipment and earth-moving machinery for the construction and infrastructure sectors, both in Italy and abroad. The company offers complementary services, including consultancy, assistance, training, and transportation. With a fleet of over 6,000 units, including aerial platforms, earth-moving machines, telehandlers, and mobile cranes, and a team of over 450 employees, Venpa is a leading operator in the rental equipment sector in Italy.
Ent. Value
€100–200M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with VENPA
Other operations with VENPA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2021 | QCAPITAL | VENPA | ITALY | Equipment Rental |
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|---|---|---|---|---|
| 12/2024 | RUSSEL METALS | TAMPA BAY STEEL | UNITED STATES | Industrial & Technical Distribution |
| 12/2024 | GIMV | TIBBLOC | FRANCE | Equipment Rental |
| 11/2024 | APPLIED TECHNICAL SERVICES (ATS) | HYDRADYNE | UNITED STATES | Industrial & Technical Distribution |
| 11/2024 | ASHTEAD TECHNOLOGY | SEATRONICS | UNITED KINGDOM | Equipment Rental |
| 11/2024 | BUFAB | VITAL | ITALY | Industrial & Technical Distribution |
| 10/2024 | RIVERSPAN PARTNERS | POLARIS LABORATORIES | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 09/2024 | DXP ENTERPRISES | HARTWELL ENVIRONMENTAL CORPORATION | UNITED STATES | Industrial & Technical Distribution |
| 07/2024 | Alliance Automotive Group | Eldis | BELGIUM | Industrial & Technical Distribution |
| 07/2024 | UL SOLUTIONS | TESTNET ENGINEERING | GERMANY | TIC (Testing, Inspection, Certification) |
| 07/2024 | ASTORG | NORMEC | NETHERLANDS | TIC (Testing, Inspection, Certification) |
Other operations with SAGARD
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2026 | SAGARD | ESSENCES & PARFUMS | FRANCE | Flavors & Fragrances |
| 01/2026 | SAGARD | QUIPMENT | FRANCE | Healthcare Services |
| 10/2024 | SAGARD | FUTUR MASTER | FRANCE | Supply Chain & Ops |
| 03/2024 | SAGARD | PRIMELIS | FRANCE | Digital Marketing, SEO, SEA, Data Analytics |
| 01/2022 | SAGARD | ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) | FRANCE | Consulting & Audit |
| 01/2021 | SAGARD | NUTRISENS | FRANCE | Nutrition & Dietary Supplements |
| 09/2019 | SAGARD | STERIMED | FRANCE | Medical Consumables |
| 11/2018 | SAGARD / BPIFRANCE | SABENA TECHNICS | FRANCE | MRO (Maintenance, Repair & Overhaul) |
| 02/2015 | SAGARD | DELICE DES 7 VALLEES | FRANCE | Bakery / Pastry |
| 01/2015 | SAGARD / SOCIETE GENERALE CAPITAL PARTENAIRES / EMZ PARTNERS | SAFIC-ALCAN | FRANCE | Specialty Chemicals |
REFERENCES
Revenue range: €100–200M
EBITDA range: €25–50M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VENPA by SAGARD 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: sagard