ORANGE takes majority stake in BUSINESS & DECISION
Context
Orange SA has announced the acquisition of a 59.10% controlling equity stake in Business & Decision, a corporate entity specializing in data analysis, governance, and strategic digital consulting. The acquisition thesis is rooted in capability-driven scale and market positioning within the enterprise digital transformation landscape. By integrating Business & Decision, Orange Business Services executes a major expansion of its technical product pipeline, securing an end-to-end operational expertise in big data management, predictive business intelligence, and advanced data governance infrastructure. The post-closing strategic rationale focuses on leveraging the target's specialized technical capabilities to deepen Orange's vertical knowledge of its corporate clients' underlying businesses. This industrial combination provides the group with the critical mass and enhanced consultative capabilities required to cross-sell data-driven services, accelerate its positioning as an integrated global digital transformation partner, and capture market share in high-margin enterprise data verticals.
BUSINESS & DECISION, which reported an EBITDA margin of LOGIN in 2017, 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.
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Target
Business & Decision is a company specialized in data analysis and consulting, providing business intelligence and data science services to its clients, with the goal of helping them improve their decision-making and accelerate their digital transformation, with a presence in 11 countries and a workforce of over 2,400 people, Business & Decision has a recognized expertise in the field of data governance and analysis, and offers a comprehensive range of services from consulting to the implementation of data solutions, with a customer-centric approach and a willingness to support them in their digital evolution, Business & Decision achieved a turnover of 213.1 million euros in 2017, and has a solid reputation in its industry, with an experienced management team and a development strategy focused on innovation and customer satisfaction, Business & Decision is a constantly evolving company, seeking to strengthen its activities and increase its market presence, with a long-term vision and a desire to create value for its clients and shareholders.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 150M - 250M EUR
EBITDA range: 5M - 25M EUR
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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: business & decision
Acquirer: orange