mynth
09/2025

CIRIL GROUP acquired by THE CARLYLE GROUP & BPIFRANCE

FRANCE Software / Industry-Specific Software REV 50M - 100M EUR

Context

The Carlyle Group acquired a majority stake in Ciril Group from its founder and historical shareholders. The transaction marks a new phase for the Lyon-based software editor, aiming to accelerate its international expansion and consolidate its leading position in the French GovTech market. Carlyle intends to support Ciril Group in its transition to a full SaaS model and drive growth through strategic bolt-on acquisitions in the GIS and public administration software sectors.

CIRIL GROUP, 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 TMT (Tech, Media, Telecom) sector (14.8x).

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

Founded in 1978, Ciril Group is a leading French software publisher and hosting provider specialized in the public sector and local government markets. The group is structured around two main pillars: Civil (ERP solutions for human resources, finance, and technical services in local administrations) and Business Geografic (a world-renowned Geographic Information Systems - GIS - platform). Ciril Group serves over 3,000 customers, ranging from small municipalities to large regions and international corporate accounts. Its "Smart Data" approach integrates spatial analysis with administrative management, allowing public entities to optimize urban planning and resource allocation.

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2024
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2023
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REFERENCES

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CIRIL GROUP by THE CARLYLE GROUP / BPIFRANCE 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).

Acquirer: the carlyle group / bpifrance