mynth
07/2025

ARTEFACT acquired by CINVEN

FRANCE IT Services / Consulting & Integration / Data & AI Consulting EV 1b - 4b EUR

Context

Cinven has entered into exclusive negotiations to acquire a majority stake in Artefact, marking a strategic entry into the specialized data and AI consulting space. The transaction involves the acquisition of the platform to support its next phase of global development. The acquisition represents a high-conviction bet on the structural tailwinds within the data and AI consulting sector. For Cinven, the deal provides exposure to a scalable, global platform with a defensible, blue-chip client base. The investment thesis is centered on leveraging Cinven’s deep sector expertise in Business Services to accelerate Artefact’s growth trajectory, both through continued organic expansion and a proactive buy-and-build strategy to capture market share in a fragmented global landscape. This deal acts as a bellwether for institutional interest in high-end, pure-play data and AI service providers. It highlights a shift in private equity strategy toward acquiring specialized platforms capable of delivering end-to-end digital transformation, setting a benchmark for future valuation multiples in the consulting and professional services sector.

ARTEFACT, 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 TMT (Tech, Media, Telecom) sector (15.1x).

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

Target

Founded in 2014 and headquartered in Paris, Artefact is a premier global consultancy specializing in data transformation and artificial intelligence. The firm occupies a distinctive position in the market by bridging the gap between advanced data science, AI engineering, and digital marketing strategies. Operating with a robust network of 31 offices across 25 countries, the company supports a diverse portfolio of blue-chip enterprise clients in navigating complex technological shifts. Artefact’s value proposition lies in its end-to-end delivery model, seamlessly integrating use case conceptualization, technical development, and organizational adoption. By prioritizing actionable, data-driven strategies, the firm enhances decision-making capabilities and enables scalable, personalized customer experiences for its corporate partners. The business model is characterized by high client retention and long-term strategic engagements, which underpin a resilient and predictable revenue profile.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 150M - 250M 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 ARTEFACT by CINVEN 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: artefact

Acquirer: cinven