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M&A

CIRIL GROUP

Acquired by

THE CARLYLE GROUP / BPIFRANCE

FRANCE Software REV [1m EUR - 100m EUR] 09/2025

Target

CIRIL GROUP

Acquirer

THE CARLYLE GROUP / BPIFRANCE

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.

This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.1x since the beginning of 2026, 4.7% decrease compared to 2025. 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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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
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2023
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Other operations with CIRIL GROUP

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.