CONSTELLATION acquired by 3I
Context
Constellation, a leading French IT services group specialized in cloud and cybersecurity, has announced a major fundraising round of over �116 million led by 3i. This transaction marks the exit of Qualium Investissement, which had supported the group since 2021. Historical investor Cap Horn Finance is reinvesting alongside founder Etienne Besan�on and his 32 partners, who together retain nearly half of the company's capital.
CONSTELLATION, which reported an EBITDA margin of LOGIN in 2023, 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 (14.4x).
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
Constellation operates as a managed technology services provider specializing in cloud computing architecture, enterprise cybersecurity, and comprehensive digital transformation solutions. The company's commercial business model centers on the design, deployment, and long-term management of hybrid and multi-cloud environments, enterprise-grade information security frameworks, and integrated IT infrastructure. The firm guides corporate clients through the migration of legacy data systems onto secure, scalable, and high-availability digital platforms.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 150M - 250M 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).
Acquirer: 3i