At what enterprise value was ADISTA acquired in 2021?

During the acquisition of ADISTA by KEENSIGHT CAPITAL in 2021, 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 EUR. 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 TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ADISTA when it was acquired by KEENSIGHT CAPITAL?

The estimated EV/EBITDA multiple for ADISTA is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.3x. Join our community for free to access full valuation data and industry trends.

When was ADISTA acquired by KEENSIGHT CAPITAL?

ADISTA was acquired by KEENSIGHT CAPITAL in 2021.

What was the revenue of ADISTA at the time of the deal?

The revenue of ADISTA at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ADISTA during the acquisition?

ADISTA's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

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 ADISTA 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 ADISTA 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.equistone.fr/keensight-capital-to-take-a-majority-stake-in-adista-the-leading-alternative-b2b-hosted-services-operator-by-acquiring-equistones-stake/

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Home Database TMT (Tech, Media, Telecom)ADISTA

06/2021

ADISTA acquired by KEENSIGHT CAPITAL

FRANCE IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 300M - 700M EUR

Context

Keensight Capital has signed an agreement to acquire a majority stake in Adista, taking over from Equistone Partners Europe. The deal was structured via a preemptive offer, bypassing a planned auction process due to Adista's strong performance, having doubled its revenue since 2016. The current management team, led by Patrice Bélie, reinvested significantly alongside Keensight and a pool of minority investors including FEF (Mubadala and Bpifrance), GEI, and ILP. The transaction is financed by a unitranche facility provided by Idinvest. This new strategic cycle aims to fuel Adista's "Buy-and-Build" strategy, following the successful integrations of Fingerprint Technologies and Waycom, with the objective of doubling the group's size again within four years.

In the past, the company underwent an LBO led by Equistone / Gei in 2016, and continued an active consolidation strategy by notably acquiring Waycom (2021).

ADISTA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

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.

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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.

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Other operations with ADISTA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2021	ADISTA	UNIK	FRANCE	IT Services	Adista and Unyc, both supported by Keensight Capital, have signed an exclusivity agreement for a strategic merger. This transaction creates a new national champion with a combined turnover of €220 million and 900 employees in 2021
02/2021	ADISTA	WAYCOM	FRANCE	IT Services	Adista signed a definitive agreement to acquire 100% of its peer Waycom. This transformative operation, supported by majority shareholder Equistone, allowed Adista to solidify its position as the premier alternative French B2B operator, second only to the three historical national carriers
07/2016	EQUISTONE / GEI	ADISTA	FRANCE	IT Services	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)

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

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

Target: adista

Acquirer: keensight capital