mynth
05/2025

ACENSI acquired by AZULIS CAPITAL

FRANCE IT Services / Consulting & Integration REV 150M - 250M EUR

Context

After 22 years of independence, Acensi completed its first LBO with Azulis Capital taking a minority stake. The transaction facilitated a significant capital reorganization between the two co-founders (previously 50/50 owners): One sold his entire stake and exited, while the other took majority control. A pool of ~20 managers, including the newly appointed Deputy GM (Mathieu Vigneron) and CFO (Guillaume Blin), also invested. The deal is supported by a senior debt package arranged by BNP Paribas with a moderate leverage ratio (slightly above 2.0x EBITDA). The roadmap includes opportunistic acquisitions in France and existing international markets.

ACENSI, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

Founded in 2003 and headquartered in Courbevoie, France, Acensi is an IT services and digital transformation consultancy specializing in mission-critical technology projects for blue-chip corporate and public-sector clients. Its core service offering encompasses artificial intelligence, data engineering, cybersecurity, cloud architecture, and custom application development. The company employs approximately 2,000 professionals across ten offices in France, with an international footprint spanning Belgium, Canada, Mauritius, and Portugal. Led by CEO Thibault Blin, Acensi generates roughly half of its revenue from the industrial and services sectors. Backed by private equity sponsor Azulis Capital, the group is executing an active buy-and-build strategy, acquiring specialized digital engineering and consulting boutiques to broaden its technical capabilities and expand its geographic reach.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

Other operations with ACENSI

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2026ACENSIFineganFRANCEStrategy & Management

REFERENCES

Revenue range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACENSI by AZULIS CAPITAL 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.

Target: acensi

Acquirer: azulis capital