Five Arrows-backed A2MAC1 eyes September auction launch

Informal discussions are taking place at the moment, one of the sources said. Speaking to this news service at the end of last week, the other source said no sellside financial advisors had yet been appointed.

The company generates around EUR 40m EBITDA, one of the sources and a third source familiar said.

FAPI has contemplated this deal for several months now, two of the sources and a fourth source familiar said, The business could be valued at around EUR 1bn EV if a sale were to materialise, two of the sources added.

All major tech funds are likely to take a look, one of the sources said, adding that Astorg, UK-based TCV, and Eurazeo could be looking.

FAPI entered A2MAC1 in 2017, valuing the business at more than EUR 200m.

Established in 1997, A2MAC1 publishes an online platform dedicated to vehicle analysis that enables its clients to evaluate the cost and sustainability of their projects as well as benchmark the car market.

The company headquartered in Boulogne-Billancourt, Paris region, is led by CEO Franck Bunte.

A2MAC1 has around 600 employees across 17 locations, including Germany, the US, Japan, Thailand, South Korea, Mexico, India and more recently Turkey, according to the company’s website.

A2MAC1 last November acquired Paris-based engineering and competitive benchmarking services provider ImproValue for an undisclosed amount. The company announced it bought French market intelligence and insights service Coram Research this March.

FAPI declined to comment. A2MAC1, Astorg, TCV and Eurazeo did not respond to requests for comment.

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