At what enterprise value was DEVOTEAM acquired in 2020?

During the acquisition of DEVOTEAM by KKR in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DEVOTEAM when it was acquired by KKR?

The estimated EV/EBITDA multiple for DEVOTEAM is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was DEVOTEAM acquired by KKR?

DEVOTEAM was acquired by KKR in 2020.

What was the revenue of DEVOTEAM at the time of the deal?

The revenue of DEVOTEAM at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of DEVOTEAM during the acquisition?

DEVOTEAM's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the DEVOTEAM 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 DEVOTEAM 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.lesechos.fr/tech-medias/hightech/sorti-de-bourse-devoteam-repart-comme-avant-crise-1379905

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Home Database TMT (Tech, Media, Telecom)DEVOTEAM

07/2020

DEVOTEAM acquired by KKR

FRANCE IT Services EV 500M - 1.5b EUR

Context

The founders of Devoteam have partnered with the global financial sponsor KKR to launch a tender offer aimed at taking the organization private. This strategic restructuring is designed to transition the entity from a public listing to a private ownership model, providing the founders with reinforced legal and operational control. The move facilitates greater agility in decision-making and allows the firm to prioritize long-term investments in digital transformation and cloud technologies without the pressure of quarterly market expectations. The rationale for the transaction centers on the surging demand for large-scale digitalization among international corporate clients. By exiting the public markets, the group can more effectively execute its growth strategy across Europe and the Middle East, particularly in high-stakes sectors like cybersecurity and platform management. The partnership with an international investment firm ensures the necessary capital and industrial expertise to accelerate both organic development and future acquisitions. This integration consolidates the leadership’s vision of creating a dominant player in the technology consulting landscape while fostering a more flexible environment for talent retention and innovation.

DEVOTEAM, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

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

Target

Devoteam is a premier technology consulting organization specializing in innovative cloud services, cybersecurity, and digital management solutions. The organization’s business model is built on providing end-to-end advisory and technical implementation services to help large-scale enterprises navigate complex digital transformations. Its value proposition is centered on deep expertise in multi-cloud platforms and data-driven management , operating across a broad geographic footprint in Europe and the Middle East. Strategically, the firm focuses on high-growth segments of the digital economy , helping clients optimize their IT infrastructure and workspace automation. The entity operates as a strategic partner for organizations seeking operational agility through advanced technological integration. By prioritizing high-level technical talent and specialized certifications , the firm maintains a leading position in the competitive technical services landscape.

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DEVOTEAM by KKR are reserved for mynth community members. Register for free to unlock full data.

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).

Target: devoteam

Acquirer: kkr