Eurazeo and MCH Agree to Sell Fermax Majority Stake to Ardian
MCH Private Equity and Eurazeo, through its Elevate strategy, have entered into an exclusive agreement to sell their majority stake in Fermax, a global leader in residential access control and connected solutions, to Ardian via its Expansion strategy. Under the ownership of MCH Private Equity and Eurazeo since March 2023, Fermax has delivered strong financial results, surpassing strategic targets and achieving sustained growth in both sales and EBITDA. The sale is expected to deliver a cash-on-cash multiple of 2.6x and an internal rate of return close to 40% for the sellers. Fermax, founded in 1949 and based in Valencia, Spain, operates in 85 countries worldwide. The transaction is subject to customary closing conditions.
