mynth
01/2025

AYMING acquired by ANDERA PARTNERS

FRANCE Professional Services / Consulting & Audit / Strategy & Management REV 100M - 200M EUR

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 LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (10.6x).

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.

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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

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2024
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2023
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REFERENCES

Revenue range: 100M - 200M EUR

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: 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: ayming

Acquirer: andera partners