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← Database

M&A

ADISTA

Acquired by

EQUISTONE / GEI

FRANCE IT Services EV [100m EUR - 500m EUR] 07/2016

ADISTA acquired by EQUISTONE / GEI

FRANCE IT Services EV [100m EUR - 500m EUR] 07/2016

Target

ADISTA

Acquirer

EQUISTONE / GEI

Context

Equistone Partners Europe signed an agreement to become the majority shareholder of Adista, acquiring the stake from historical founders and investors. The transaction involves the reinvestment of founding directors Gilles and Pascal Caumont, alongside the regional fund GEI and the Institut Lorrain de Participation (ILP). Approximately forty managers are also associated with the capital restructuring. This operation follows a period of hyper-growth for Adista, which saw its turnover increase from €30 million in 2012 to €75 million in 2016. The partnership is designed to scale Adista’s industrial model, enhance its commercial proximity, and fund its ambitious development projects in the B2B telecom and digital transformation sectors.

Target

Founded in 2000, Adista is a leading French independent B2B hosted services provider and telecommunications operator. The company offers a comprehensive "one-stop-shop" for corporate digitalization, specializing in private and public cloud solutions, managed IT services, and integrated fixed and mobile telecom networks. Adista operates its own network of proprietary datacenters across France and serves a diversified portfolio of over 300 clients, ranging from SMEs and mid-caps to public sector entities like hospitals and local authorities. Its strategic value lies in the end-to-end control of service quality, combining the roles of hosting provider, telecom operator, and IT specialist to deliver unified communications and high-security connectivity.

Ent. Value

Equity Value

Multiples Analysis

EV / Revenue

N/A

EV / EBITDA

N/A

EV / EBIT

N/A

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2016

2015

Other operations with ADISTA

Date	Acquirer	Target	Country	Sector	Target Description
09/2021	ADISTA	UNIK	FRANCE	IT Services	Founded in 2004, Unyc is a major French player in the indirect sale of telecommunications and cloud services. The company operates as a wholesale provider and white-label distributor, enabling a network of partners and resellers to offer telecom solutions to their own end-customers. Its value proposition is built on a high-performance digital platform that simplifies the provisioning and management of fixed-line, mobile, and connectivity services. Strategically, Unyc excels in the "indirect channel" market, providing the technical backbone for hundreds of regional IT integrators and resellers across France.
06/2021	KEENSIGHT CAPITAL	ADISTA	FRANCE	IT Services	Founded in 2000, Adista is a leading French independent B2B hosted services provider and telecommunications operator. The company offers a comprehensive "one-stop-shop" for corporate digitalization, specializing in private and public cloud solutions, managed IT services, and integrated fixed and mobile telecom networks. Adista operates its own network of proprietary datacenters across France and serves a diversified portfolio of over 300 clients, ranging from SMEs and mid-caps to public sector entities like hospitals and local authorities. Its strategic value lies in the end-to-end control of service quality, combining the roles of hosting provider, telecom operator, and IT specialist to deliver unified communications and high-security connectivity.
02/2021	ADISTA	WAYCOM	FRANCE	IT Services	Waycom is a French cloud and telecom operator, integrator, and managed services provider. The company specializes in cloud computing solutions, network connectivity, and unified communications. Waycom is particularly recognized for its operational excellence in multi-site deployments and its strong footprint in the retail sector, serving premium brands such as Okaïdi, Maisons du Monde, and Yves Rocher. With 160 employees and offices in France, Luxembourg, and Canada, the group offers a comprehensive suite of innovative digital solutions tailored for companies of all sizes, with a high degree of expertise in complex managed infrastructure.