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ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)

Acquired by

PARQUEST CAPITAL / BPIFRANCE

FRANCE Professional Services EV [100m EUR - 500m EUR] 06/2019

Target

ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)

Acquirer

PARQUEST CAPITAL / BPIFRANCE

Context

Parquest Capital entered into exclusive negotiations to acquire a majority stake in ADIT from Weinberg Capital Partners. Parquest prevailed over competitors Abenex, LFPI, and a consortium of Raise and Amundi PEF. Historical shareholder Bpifrance, which held 34% prior to the deal, reinvested to maintain a ~20% stake in the new structure. The financing was secured through a unitranche facility provided by Idinvest Partners and CM-CIC Private Debt. Notably, foreign lenders were excluded from the process due to the sensitive and strategic nature of ADIT's activities.

ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE), which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 11.1x average currently observed in the Business Services sector.

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

ADIT is the European leader in strategic intelligence, business ethics, and operational support. Historically linked to the French state, it has evolved into a private global player supporting 1,000+ clients (CAC 40, PE funds). Its activities are divided into 5 poles: strategic intelligence, public affairs (Antidox), security/risk management, international trade support, and sovereignty support (DCI).

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2018
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2017
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Other operations with ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)

DateAcquirerTargetCountrySectorDeal Context
07/2025UI INVESTISSEMENT / MACSF / COVEAADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)FRANCEConsulting & Audit

ADIT finalized its 5th LBO with the entry of 8 new investors (UI, Covea, MACSF, etc.) taking 50% of the capital for EUR270M. Historical shareholders (Sagard, Parquest, Amundi) and Management (7%) retain the remaining 50%. Bpifrance reinforces its position (15%) alongside the French State (via APE in DCI). The transaction is supported by a EUR375M unitranche debt (Tikehau, Five Arrows, Eurazeo, CIC, Natixis) to fund a plan aimed at doubling the company's size by 2030.

03/2024ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)DEFENSE CONSEIL INTERNATIONAL (DCI)FRANCEConsulting & Audit

The ADIT Group acquired a 66% controlling stake in DCI, marking the group's official privatization. The transaction involved ADIT purchasing the entire 33.33% stake held by Sofema and a 21.56% stake from the French State. The French State retains a 34% "blocking minority" stake to safeguard strategic interests. This merger creates a French champion of "soft power" and economic intelligence, combining DCI's military expertise with ADIT's strategic influence. The strategic roadmap includes modernizing services through digitalization, expanding presence in Eastern Europe (Ukraine/Poland) and Africa (where revenue grew to 15% of the total), and strengthening ties with French defense manufacturers.

01/2022SAGARDADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)FRANCEConsulting & Audit

Sagard entered into exclusive negotiations to become the new reference shareholder of ADIT, acquiring a stake slightly below 50%. This transaction represents the fourth LBO since the company's privatization in 2011. Existing shareholders Parquest Capital, Bpifrance, and Amundi PEF reinvested in the new structure. The French State retained its "golden share" to safeguard strategic national interests. The deal aims to support ADIT's ambition to rival major Anglo-Saxon players and accelerate its expansion into Italy, Germany, and Spain.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.