ADIKTEEV acquired by AGILA CAPITAL
Context
Adikteev completed a EUR60 million LBO transaction (EUR30m of equity and EUR30m of debt) to reorganize its shareholding structure. The deal allowed the company's founders to regain majority control of the capital. This new LBO provided a full exit for early-stage venture capital investors Ventech (invested in 2012) and Ring Capital (invested in 2017), as well as several business angels. The operation was supported by Agila Capital and a syndicated senior debt coordinated by Arkea.
ADIKTEEV, which reported an EBITDA margin of in 2025, 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 (14.5x).
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Target
Adikteev is one of the world leaders in advertising technology (Adtech), specializing in user acquisition and retention for mobile applications. Historically recognized for its expertise in retargeting, the company now supports the largest mobile applications, particularly in the mobile gaming, e-commerce, services, dating, and entertainment sectors. After strong growth in 2024 (+50% vs. 2023), Adikteev is continuing on the same trajectory and is targeting projected revenue of over $150 million in 2025, up more than 50% vs. 2024, and expects to be profitable for the 11th year out of 13.
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REFERENCES
Revenue range: 100M - 200M EUR
EBITDA range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: adikteev
Acquirer: agila capital