Who owns ADONYS SECURITY?

ADONYS SECURITY has been 100% owned by LEHIBOU since September 2025.

At what enterprise value was ADONYS SECURITY acquired in 2025?

During the acquisition of ADONYS SECURITY by LEHIBOU in 2025, the transaction's Enterprise Value is estimated to be in the range of €10–30M.

What was the EV/Revenue multiple of ADONYS SECURITY when it was acquired by LEHIBOU?

The estimated EV/Revenue multiple for ADONYS SECURITY is in the range of below 1.5x.

When was ADONYS SECURITY acquired by LEHIBOU?

ADONYS SECURITY was acquired by LEHIBOU in 2025.

What was the revenue of ADONYS SECURITY at the time of the deal?

The revenue of ADONYS SECURITY at the time of the deal is estimated to be in the range of €5–25M.

How is the data for the ADONYS SECURITY 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 ADONYS SECURITY 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.maddyness.com/2025/09/19/lehibou-procede-au-premier-rachat-de-son-histoire/

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 14.6x.

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Home Database TMT (Tech, Media, Telecom)ADONYS SECURITY

09/2025

ADONYS SECURITY acquired by LEHIBOU

FRANCE IT Services / Consulting & Integration / Cybersecurity Services EV €10–30M

Context

LeHibou completed its first strategic acquisition by taking over Adonys Security from the Adonys Group. This transaction is a key move to verticalize LeHibou's service offering in the high-margin cybersecurity market, aiming to grow this specific business unit from EUR12M to over EUR30M in revenue. The strategic rationale is based on immediate commercial synergies: LeHibou will cross-sell Adonys' deep technical security expertise to its existing portfolio of blue-chip clients who are facing increasing cyber threats. This acquisition marks LeHibou's evolution from a horizontal talent platform to a specialized IT services provider capable of managing complex, high-stakes technical projects.

ADONYS SECURITY, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Adonys Security is a specialized cybersecurity consulting firm providing high-level expertise in critical infrastructure protection, Security Operations Centers (SOC), AI security, and Governance, Risk, and Compliance (GRC). Originally a subsidiary of the IT services group Adonys, the firm serves major financial institutions (BNP Paribas, La Banque Postale) and large enterprises. Its model blends consulting, integration, and operational security services, utilizing a network of highly qualified experts and dedicated in-house staff to address complex cyber threats for Tier-1 corporate clients.

Ent. Value

€10–30M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

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REFERENCES

Valuation range: EV €10–30M

Revenue range: €5–25M

EV/Revenue range: below 1.5x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ADONYS SECURITY by LEHIBOU 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.

Target: adonys security