ADONYS SECURITY acquired by LEHIBOU
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 LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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
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
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 5M - 25M EUR
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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: adonys security