At what enterprise value was ADASTRA GROUP acquired in 2025?

During the acquisition of ADASTRA GROUP by THE CARLYLE GROUP in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ADASTRA GROUP when it was acquired by THE CARLYLE GROUP?

The exact EV/EBITDA multiple for ADASTRA GROUP is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was ADASTRA GROUP acquired by THE CARLYLE GROUP?

ADASTRA GROUP was acquired by THE CARLYLE GROUP in 2025.

What was the revenue of ADASTRA GROUP at the time of the deal?

The revenue of ADASTRA GROUP at the time of the deal is estimated to be in the range of 150M - 250M USD. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ADASTRA GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ADASTRA GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.privateequitywire.co.uk/carlyle-to-acquire-majority-stake-in-adastra-in-deal-valued-at-over-400m/

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Home Database Business ServicesADASTRA GROUP

07/2025

ADASTRA GROUP acquired by THE CARLYLE GROUP

CANADA Industrial Services / Engineering & Consulting EV 300M - 700M USD

Context

Carlyle acquired a majority stake in Adastra Group, a canadian consulting company. The deal was structured as a recapitalization where the three founders retained a significant minority stake and remained involved in the business.Carlyle's entry provides the capital and M&A expertise to accelerate Adastra's growth in the booming AI and data services market, specifically targeting expansion in Asia and further consolidation in Europe.

ADASTRA GROUP, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

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.

-> Deep-dive in Business Services market trends

Target

Founded in 2000, Adastra Group is a specialized IT consulting firm operating with a dual-headquarters model in Toronto and Prague. The firm focuses on the critical "plumbing" of digital transformation: data engineering, warehousing, cloud enablement, and AI implementation. Adastra employs over 2,200 professionals across North America, Europe, and Asia, leveraging a "nearshore" delivery model (using Czech talent for North American/Western European clients). The company serves major enterprise clients in sectors like financial services, automotive, and retail. In 2023, Adastra reported revenues of approximately $220 million.

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 150M - 250M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADASTRA GROUP by THE CARLYLE GROUP are reserved for mynth community members. Register for free to unlock full data.

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: the carlyle group