At what enterprise value was CYRES CONSULTING acquired in 2022?

During the acquisition of CYRES CONSULTING by SESA GROUP in 2022, the transaction's Enterprise Value is estimated to be in the range of 0M - 15M EUR.

What was the EV/EBITDA of CYRES CONSULTING when it was acquired by SESA GROUP?

The estimated EV/EBITDA multiple for CYRES CONSULTING is in the range of 5x - 12x.

When was CYRES CONSULTING acquired by SESA GROUP?

CYRES CONSULTING was acquired by SESA GROUP in 2022.

What was the revenue of CYRES CONSULTING at the time of the deal?

The revenue of CYRES CONSULTING at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of CYRES CONSULTING during the acquisition?

CYRES CONSULTING's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the CYRES CONSULTING 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 CYRES CONSULTING 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.innovationopenlab.com/news/194/cybersecurity-in-automotive-var-group-acquires-majority-stake-in-cyres-consulting.html

← DATABASE

Home Database TMT (Tech, Media, Telecom)CYRES CONSULTING

12/2022

CYRES CONSULTING acquired by SESA GROUP

GERMANY IT Services / Consulting & Integration / Cybersecurity Services EV 0M - 15M EUR

Context

The transaction involves the majority stake acquisition of CYRES Consulting Services GmbH by Var Group S.p.A. (a subsidiary of SESA), a deal designed to bolster the acquirer’s Digital Security division and scale its specialized automotive cybersecurity capabilities within the DACH region. This industrial partnership is primarily driven by the significant acceleration in digital security demand across the automotive sector, necessitated by the widespread adoption of electrification, vehicle connectivity, and stricter international compliance standards. Structurally, the acquisition provides the acquirer with a specialized engineering-centric team, effectively enlarging its European hub for digital security to 200 skilled professionals. The integration aims to optimize the synergy between IT security infrastructure and the specific, highly regulated needs of automotive manufacturers and their supply chains.

CYRES CONSULTING, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

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

Target

CYRES Consulting Services GmbH is a Munich-based specialized consultancy firm recognized as a technical authority in cybersecurity for the automotive industry. With a primary focus on the complex automotive supply chain, the firm delivers essential technical and compliance-driven advisory services. Its value proposition is built upon navigating the rigorous regulatory environment governing digital security, electric vehicle architecture, and interconnectivity protocols. By providing deep expertise in cybersecurity controls, the company ensures that its clients maintain operational integrity amidst rapid technological evolution. The organization distinguishes itself through its ability to integrate technical consultancy with compliance process organization, effectively acting as a bridge between engineering requirements and regulatory mandates

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in IT Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2023	INVESTCORP	NETROM SOFTWARE	NETHERLANDS	Custom Dev
02/2023	HLD	INFODIS	FRANCE	Consulting & Integration
11/2022	SOPRA STERIA	TOBANIA	BELGIUM	Consulting & Integration
09/2022	KKR	BARRACUDA NETWORKS	UNITED STATES	Cybersecurity Services
08/2022	VINCI ENERGIES	KONTRON	GERMANY	MSP (Managed Services)
05/2022	PERMIRA	MIMECAST	UNITED STATES	Cybersecurity Services
05/2022	THE CARLYLE GROUP	ManTech International Corporation	UNITED STATES	Cybersecurity Services
05/2022	QINETIQ	AVANTUS FEDERAL	UNITED STATES	Cybersecurity Services
01/2022	PARTNERS GROUP	ATNORTH	ICELAND	Hosting / Datacenter
01/2022	BAIN CAPITAL	INETUM	FRANCE	Consulting & Integration

REFERENCES

Valuation range: EV 0M - 15M EUR

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CYRES CONSULTING by SESA GROUP 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: sesa group