At what enterprise value was ARTEFACT acquired in 2025?

During the acquisition of ARTEFACT by CINVEN in 2025, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ARTEFACT when it was acquired by CINVEN?

The estimated EV/EBITDA multiple for ARTEFACT is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was ARTEFACT acquired by CINVEN?

ARTEFACT was acquired by CINVEN in 2025.

What was the revenue of ARTEFACT at the time of the deal?

The revenue of ARTEFACT at the time of the deal is estimated to be in the range of 150M - 250M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ARTEFACT during the acquisition?

ARTEFACT's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ARTEFACT 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 ARTEFACT 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://capitalfinance.lesechos.fr/deals/lbo/ardian-cede-artefact-a-cinven-pour-plus-de-1-mdeur-2179617

← DATABASE

Home Database TMT (Tech, Media, Telecom)ARTEFACT

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 LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

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

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

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2025	LEHIBOU	ADONYS SECURITY	FRANCE	IT Services	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
09/2025	HAWK INFINITY SOFTWARE	NORDIC BIM GROUP	FINLAND	IT Services	Evolver Equity has finalized the sale of 100% of Nordic BIM Group to the investment firm Hawk Infinity. This exit marks the end of a cycle for the Evolver Fund I, which transformed NBG through a proactive "buy-and-build" strategy
07/2025	SOFTWAREONE	CRAYON	NORWAY	IT Services	SoftwareOne has successfully completed a recommended voluntary public tender offer to acquire 100% of the issued and outstanding shares of Crayon, marking a transformative merger between two of the world’s leading providers of software and cloud solutions
06/2025	ALMAVIVA	TIVIT	BRAZIL	IT Services	Funds advised by Apax Partners have agreed to sell TIVIT, a leading Brazilian IT services and Business Process Outsourcing (BPO) platform, to Almaviva, an Italian digital transformation group, in a full exit transaction signed in June 2025
06/2025	TRUESEC GROUP	BANSHIE	DENMARK	IT Services	Truesec, a leading Nordic cybersecurity firm backed by private equity sponsor IK Partners, has entered into an agreement to acquire Banshie, a Denmark-based offensive security specialist. The transaction represents a strategic bolt-on acquisition aimed at expanding Truesec's local presence and technical capabilities in the Danish market
05/2025	AZULIS CAPITAL	ACENSI	FRANCE	IT Services	After 22 years of independence, Acensi completed its first LBO with Azulis Capital taking a minority stake. The transaction facilitated a significant capital reorganization between the two co-founders (previously 50/50 owners): One sold his entire stake and exited, while the other took majority control
05/2025	SESA GROUP	DELTA TECNOLOGÍAS DE INFORMACIÓN	SPAIN	IT Services	The transaction entails the majority stake acquisition of Delta Tecnologías de Información S.L. by Sesa S.p.A., acting through its subsidiary Var Group. This business combination is a strategic move to reinforce the group’s Digital Identity and Blockchain capabilities within the Iberian market
04/2025	PERCEVA	ADVENTIEL	FRANCE	IT Services	Perceva entered into a definitive agreement to acquire a majority stake in Adventiel, marking a major transition from its historical cooperative governance to a private equity-backed corporate structure
04/2025	MOMENTUM	SECHER SECURITY	DENMARK	IT Services	Momentum, operating as a portfolio company of the US-based private equity fund Court Square Capital, has executed the acquisition of Secher Security. The transaction was structured as a strategic add-on investment to bolster Momentum's existing technological capabilities
03/2025	SESA GROUP	INNOFOUR	NETHERLANDS	IT Services	Var Group acquired a 60% stake in InnoFour B.V. to expand its digital engineering footprint into the Benelux and Scandinavian markets. InnoFour will be integrated into the Var Industries BU, which, following this transaction, expects to reach EUR65 million in annual revenue with a team of over 200 professionals

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: 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: artefact

Acquirer: cinven