Ayming acquired by Andera Partners
Context
Ayming has announced a strategic capital reorganization. Andera Partners, through its Andera MidCap 5 fund, has acquired a majority stake in the group. This transition marks a new growth cycle supported by the existing management team who are reinvesting significantly in the project. EMZ, a partner since 2022, is also renewing its commitment by maintaining a minority shareholding.
The acquisition of Ayming is part of the growth strategy of Andera Partners, which already has several external growth operations under its belt, notably Groupe IEF2I in 2024.
Ayming, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only].
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Target
Ayming is a French performance consulting group, historically specializing in innovation financing (approximately two-thirds of its business) and human resources, with a strong presence in France and internationally. The group has expanded its expertise to include taxation and ESG, positioning its brand as a premium player in supporting companies through growth, innovation, and transformation. In 2024, Ayming employed over 1,500 people in 14 countries across Europe and North America, with a diverse clientele primarily composed of SMEs and mid-sized companies, as well as large corporations.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Andera Partners
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2025 | ANDERA PARTNERS | SPARTES | FRANCE | Consulting & Audit |
| 02/2025 | ANDERA PARTNERS | GROUPE CDS | FRANCE | E-commerce & Marketplaces |
| 12/2024 | ANDERA PARTNERS | GROUPE IEF2I | FRANCE | Education Providers |
| 07/2024 | ANDERA PARTNERS | TECNIKABEL | ITALY | Cabling & Connectivity |
| 03/2024 | ANDERA PARTNERS | GROUPE ADF | FRANCE | Multi-technical Installation |
| 01/2024 | ANDERA PARTNERS | MEOGROUP | FRANCE | Consulting & Audit |
| 12/2023 | ANDERA PARTNERS | GROUPE IMAGERIE CARDINET | FRANCE | Radiology |
| 07/2022 | ANDERA PARTNERS | GROUPE RESONANCE IMAGERIE | FRANCE | Radiology |
| 03/2022 | ANDERA PARTNERS | GROUPE ERI | FRANCE | Finishing Works |
| 08/2021 | ANDERA PARTNERS | PATRIMMOFI | FRANCE | Wealth & Asset Management |
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REFERENCES
Revenue range: REV €100–200M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Ayming by Andera Partners 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: ayming
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