ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) acquired by UI INVESTISSEMENT, MACSF & COVEA
Context
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.
Previously, the company had already undergone several LBOs, notably led by Parquest Capital / Bpifrance in 2019 and Sagard in 2022. This succession of buyouts, combined with an active build-up strategy, highlights the strong attractiveness of the company's business model.
ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE), which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Business Services sector (11.4x).
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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
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)
Other operations with ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 03/2024 | ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) | DEFENSE CONSEIL INTERNATIONAL (DCI) | FRANCE | Consulting & Audit |
| 01/2022 | SAGARD | ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) | FRANCE | Consulting & Audit |
| 06/2019 | PARQUEST CAPITAL / BPIFRANCE | ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) | FRANCE | Consulting & Audit |
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Other operations with UI INVESTISSEMENT / MACSF / COVEA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2026 | UI INVESTISSEMENT | Finasens | FRANCE | Accounting & Audit |
| 01/2026 | UI INVESTISSEMENT | MAISON ALSACIENNE DE BISCUITERIE | FRANCE | Fine Food / Organic |
| 12/2024 | UI INVESTISSEMENT | DIDACTIC | FRANCE | Medical Consumables |
| 11/2024 | UI INVESTISSEMENT | ANTARES DIFFUSION | FRANCE | Aftermarket & Repair |
| 06/2022 | UI INVESTISSEMENT / GENEO | NEFTYS PHARMA | FRANCE | Animal Health |
| 10/2017 | UI INVESTISSEMENT / BPIFRANCE | THERADIAL | FRANCE | Medical Devices |
| 01/2015 | UI INVESTISSEMENT | GAULT & FRÉMONT | FRANCE | Paper & Cardboard |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €250–500M
EBITDA range: €50–100M
EV/Revenue range: 1x - 3x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) by UI INVESTISSEMENT / MACSF / COVEA are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: covea / ui investissement / macsf