mynth
05/2014

AIRIAL acquired by GFI INFORMATIQUE

FRANCE IT Services / Consulting & Integration / Custom Dev REV 25M - 50M EUR

Context

The strategic acquisition of Airial by Gfi Informatique marks a significant expansion of the group's operational footprint in France, reinforcing its multi-specialist technical profile. This move allows the organization to establish a dominant position within the public sector and financial services landscape, integrating a prestigious portfolio of institutional and corporate clients. The strategic rationale for the transaction is rooted in the acquisition of highly specialized technical capabilities in data migration and information system modernization, particularly for the pharmaceutical and insurance industries.

AIRIAL, which reported an EBITDA margin of LOGIN in 2013, 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.

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

Target

Airial is a specialized technical service provider focusing on industrial-quality IT consulting and engineering solutions within the French market. The organization’s business model is centered on the modernization and maintenance of complex information systems, with a specific focus on high-recurrence activities such as third-party application management. Its value proposition is built on recognized technical expertise in data migration and specialized solutions for highly regulated environments, including the pharmaceutical and insurance sectors. Strategically, the firm operates as a proximity-based partner for large-scale institutional clients and global corporations, ensuring the stability and evolution of critical software assets. By maintaining a strong presence in regional hubs, the entity facilitates the digital transition of public infrastructure and financial systems. The organization’s strategy emphasizes operational excellence and technical durability across the entire software value chain.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2013
LOGIN
LOGIN
LOGIN
2012
LOGIN
LOGIN
LOGIN

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
07/2016EQUISTONE / GEIADISTAFRANCEIT Services

Equistone Partners Europe signed an agreement to become the majority shareholder of Adista, acquiring the stake from historical founders and investors. The transaction involves the reinvestment of founding directors Gilles and Pascal Caumont, alongside the regional fund GEI and the Institut Lorrain de Participation (ILP)

06/2016RANDSTADAUSYFRANCEIT Services

The acquisition of a 100% stake in Ausy by Randstad France marks a significant strategic pivot for the group, establishing a dominant position within the European high-tech engineering and digital services sector

07/2015THE CARLYLE GROUPEVERNEXFRANCEIT Services

The Carlyle Group has acquired a majority stake in Cap Vert Finance from Eurazeo PME in a bilateral (OTC) transaction organized by Shibumi Corporate Finance. The deal values the company at EUR137 million

05/2015COBEPAEXCLUSIVE NETWORKS GROUPFRANCEIT Services

The acquisition of a majority stake in Exclusive Networks by a consortium led by Cobepa marks a significant milestone in the group's international expansion. This transaction facilitated the exit of Omnes Capital and Socadif, while Edmond de Rothschild Investment Partners (EdRIP) and the management team chose to reinvest alongside the new lead shareholder

02/2015ALTRAN TECHNOLOGIESNSPYRENETHERLANDSIT Services

Altran has finalized the 100% acquisition of Nspyre, a move that establishes the group as the dominant technical consulting organization in the Benelux region. This strategic transaction marks a significant milestone in the group’s expansion strategy, moving beyond its core European markets to secure a leading position in the Dutch and Belgian technology sectors

08/2014GEMALTOSAFENETUNITED STATESIT Services

Gemalto has signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital. The transaction represents a full ownership transfer, bringing the specialized data protection company under Gemalto’s operational umbrella to form an integrated security powerhouse

10/2013NTT DATA CORPORATIONEVERIS GROUPSPAINIT Services

The acquisition of Everis Group by NTT DATA CORPORATION is a strategic move to expand NTT DATA's global presence and enhance its IT services capabilities. The deal is part of NTT DATA's Medium-Term Management Plan, which aims to establish the company as one of the top 5 IT services firms globally

07/2013EURAZEOEVERNEXFRANCEIT Services

Eurazeo PME has acquired a 57% majority stake in Cap Vert Finance (now Evernex). This transaction replaces the previous minority financial partner, Atria Capital Partenaires, which had supported the company in an initial MBO

01/2011ATRIA CAPITAL PARTENAIRESEVERNEXFRANCEIT Services

Cap Vert Finance has structured a minority Owner Buy-Out (OBO) transaction. Previously held by its founder, Loïc Villers, and three senior executives, the company is opening its share capital to AtriA Capital Partenaires, which is acquiring a significant minority stake through AtriA's Apef III fund

05/2010APAX PARTNERSTIVITBRAZILIT Services

Funds advised by Apax Partners have acquired a 54.25% controlling stake in TIVIT, a leading Brazilian provider of integrated IT services and Business Process Outsourcing (BPO), from Votorantim Novos Negócios and Pátria Investimentos

REFERENCES

Revenue range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AIRIAL by GFI INFORMATIQUE are reserved for mynth community members. Register for free to unlock full data.

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).