DEFENSE CONSEIL INTERNATIONAL (DCI) acquired by 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.
DEFENSE CONSEIL INTERNATIONAL (DCI), which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.6x).
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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.
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 150M - 250M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DEFENSE CONSEIL INTERNATIONAL (DCI) by ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE) 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.