Parquest Capital & Capza invest in Advens

FRANCE IT Services / Consulting & Integration / Cybersecurity Services EV €100–350M

Context

Capza and Parquest Capital entered the capital of Advens as minority shareholders, alongside founder Alexandre Fayeulle and the management team, who retain majority control. This operation is notable for its integrated philanthropic structure: a significant portion of the company’s capital gains and dividends are directed toward a large-scale endowment fund. The primary objective of the partnership is to fuel Advens’ technological R&D and international expansion, aiming to establish the firm as the premier Security-as-a-Service provider in Europe. The deal also involved a significant employee secondary component, allowing 33% of the staff to become shareholders.

Advens, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Advens is the leading French independent "pure player" in cybersecurity. The company specializes in Security-as-a-Service (SaaS), operating a unique 24/7 Security Operations Center (SOC) that integrates artificial intelligence with human expertise to protect over 300 clients globally. Advens’ value proposition centers on high-end cyber consulting combined with scalable, subscription-based protection models. Strategically, the firm distinguishes itself through a "societal impact" model, committing up to 40% of its financial value to an endowment fund dedicated to youth inclusion and education. As of 2021, the group achieved over 20% growth in services and an accelerated 70% annual growth in its Security-as-a-Service business.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with Parquest Capital / Capza

Other operations with Parquest Capital / Capza
Date	Acquirer	Target	Country	Sector
03/2022	CAPZA	WIFIRST	FRANCE	Operators
10/2021	CAPZA	EDUSERVICES	FRANCE	Education Providers
07/2021	CAPZA	NOVARC	FRANCE	Components
04/2020	PARQUEST CAPITAL / BPIFRANCE	JVS GROUP	FRANCE	Industry-Specific Software
07/2019	CAPZA	ITAL EXPRESS	FRANCE	B2B Specialized Distribution
06/2019	PARQUEST CAPITAL / BPIFRANCE	ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)	FRANCE	Consulting & Audit
02/2019	PARQUEST CAPITAL / AMUNDI PRIVATE EQUITY	EDUSERVICES	FRANCE	Education Providers
11/2018	PARQUEST CAPITAL	SOPRAL	FRANCE	Petfood
10/2017	PARQUEST CAPITAL	GROUPE ASERTI	FRANCE	Industrial Services
06/2017	PARQUEST CAPITAL	ACCES INDUSTRIE	FRANCE	Equipment Rental

Similar deals in IT Services

Similar deals in IT Services
Date	Acquirer	Target	Country	Sector
12/2021	B & CAPITAL	BE-CLOUD	FRANCE	MSP (Managed Services)
12/2021	CLESSIDRA SGR	IMPRESOFT	ITALY	Consulting & Integration
09/2021	ADISTA	UNIK	FRANCE	MSP (Managed Services)
09/2021	FAYAT	NXO	FRANCE	Consulting & Integration
07/2021	TRITON PARTNERS	SWISS IT SECURITY GROUP (SITS)	SWITZERLAND	Cybersecurity Services
07/2021	CHARTERHOUSE	LABELIUM	FRANCE	AdTech
07/2021	AXCEL	PRODATA CONSULT	DENMARK	Consulting & Integration
06/2021	XENON PRIVATE EQUITY	GN TECHONOMY	ITALY	Consulting & Integration
06/2021	KEENSIGHT CAPITAL	ADISTA	FRANCE	MSP (Managed Services)
05/2021	EURAZEO / SAGARD	I-TRACING	FRANCE	Cybersecurity Services

REFERENCES

Valuation range: EV €100–350M

Revenue range: €25–50M

EV/Revenue range: 2x - 6x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Advens by Parquest Capital / Capza 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.

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Advens, a French company specialised in Consulting & Integration, by Parquest Capital and Capza in 2021, structured as a leveraged buyout (LBO).

How was the acquisition of Advens by Parquest Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What was Advens’s revenue at the time of the deal?

At the time of the transaction, Advens’s annual revenue was estimated within the €25–50M range (FY 2021). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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