What was the EV/EBITDA of ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) when it was acquired by UI INVESTISSEMENT / MACSF / COVEA?

The estimated EV/EBITDA multiple for ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) is in the range of 10x - 18x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

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.

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Home Database Business ServicesADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)

07/2025

ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) acquired by UI INVESTISSEMENT, MACSF & COVEA

FRANCE Professional Services / Consulting & Audit EV 500M - 1.5b EUR

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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

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).

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2023

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

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
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

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

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