When was CIRIL GROUP acquired by THE CARLYLE GROUP / BPIFRANCE?

CIRIL GROUP was acquired by THE CARLYLE GROUP / BPIFRANCE in 2025.

What was the revenue of CIRIL GROUP at the time of the deal?

The revenue of CIRIL GROUP at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of CIRIL GROUP during the acquisition?

CIRIL GROUP's EBITDA is estimated to be in the range of 10M - 30M EUR.

How is the data for the CIRIL GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CIRIL GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnews.net/L-actualite/LBO/Operations/LBO/Ciril-Group-s-ouvre-mais-reste-sous-pavillon-francais-539305

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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Home Database TMT (Tech, Media, Telecom)CIRIL GROUP

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 in 2024, 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).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: the carlyle group / bpifrance