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DEFENSE CONSEIL INTERNATIONAL (DCI)

Acquired by

ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)

FRANCE Professional Services EV [100m EUR - 500m EUR] 03/2024

Target

DEFENSE CONSEIL INTERNATIONAL (DCI)

Acquirer

ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)

Context

The ADIT Group acquired a 66% controlling stake in DCI, marking the group's official privatization. The transaction involved ADIT purchasing the entire 33.33% stake held by Sofema and a 21.56% stake from the French State. The French State retains a 34% "blocking minority" stake to safeguard strategic interests. This merger creates a French champion of "soft power" and economic intelligence, combining DCI's military expertise with ADIT's strategic influence. The strategic roadmap includes modernizing services through digitalization, expanding presence in Eastern Europe (Ukraine/Poland) and Africa (where revenue grew to 15% of the total), and strengthening ties with French defense manufacturers.

The transaction values DEFENSE CONSEIL INTERNATIONAL (DCI) at an EV/Revenue multiple of LOGIN.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.3x since the beginning of 2026, a stable level 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

DCI serves as the official operator for the transfer of French Ministry of Armed Forces' know-how to international partners. It provides specialized training, consulting, and technical assistance across land, air, and naval domains. The group plays a critical role in French "soft power," maintaining strong links with military decision-makers in the Middle East, Southeast Asia, and increasingly in Africa. With a workforce largely composed of former military personnel (80%), it facilitates the integration of French defense technology (BITD) for foreign allied forces and manages strategic contracts such as the Qatar Air Academy.

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
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EBITDA
EBIT
2023
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2022
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Other operations with DEFENSE CONSEIL INTERNATIONAL (DCI)

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.