mynth
01/2011

ATRIA CAPITAL PARTENAIRES invests in EVERNEX

FRANCE IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 20M - 50M EUR

Context

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. The transaction structures a senior debt package of 8m€ with a seven-year maturity tranche, initially underwritten by LCL with plans for subsequent syndication. The operational scope of the target includes a corporate workforce of 90 employees. The transaction is designed to fund Cap Vert Finance's growth roadmap and geographic expansion. The company, which operates across the IT equipment leasing, financing, refurbishing, recycling, and maintenance segments through its active subsidiaries (AS Lease, Alease, and IB Remarketing), intends to expand its market footprint across Europe, Asia, and South America with targeted corporate acquisitions.

EVERNEX, which reported an EBITDA margin of in 2010, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

Evernex operates as a third-party maintenance (TPM) provider specializing in data center infrastructure management. Headquartered in Paris, France, the company’s business model centers on delivering multi-vendor maintenance, repair, and operational support for servers, storage systems, and networking equipment. As an alternative to original equipment manufacturer (OEM) servicing, the platform allows corporate clients to optimize IT asset lifecycle management, delay hardware replacement cycles, and reduce infrastructure maintenance expenditures. In 2026, Evernex supports over 5,600 customers across more than 160 countries. Its service portfolio includes hardware buy-back programs, secure data erasure, IT asset disposal (ITAD) compliant with WEEE directives, and infrastructure relocation logistics. By maintaining a centralized technical framework capable of supporting legacy equipment from manufacturers such as Dell, IBM, HPE, and Cisco, Evernex integrates circular economy principles into corporate data center operations.

Ent. Value

FREE VIEW

40M EUR

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2010
2009

Other operations with EVERNEX

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/20193IEVERNEXFRANCEMSP (Managed Services)
07/2017EVERNEXCAT SISTEMASSPAINMSP (Managed Services)
06/2017EVERNEXTTS FRANCEFRANCEIT Services
07/2015THE CARLYLE GROUPEVERNEXFRANCEMSP (Managed Services)
07/2013EURAZEOEVERNEXFRANCEMSP (Managed Services)

REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue 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 EVERNEX by ATRIA CAPITAL PARTENAIRES 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: evernex