At what enterprise value was ECOVADIS acquired in 2022?

During the acquisition of ECOVADIS by ASTORG / GENERAL ATLANTIC in 2022, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. 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 ECOVADIS when it was acquired by ASTORG / GENERAL ATLANTIC?

The exact EV/EBITDA multiple for ECOVADIS is available on mynth capital. 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 ECOVADIS acquired by ASTORG / GENERAL ATLANTIC?

ECOVADIS was acquired by ASTORG / GENERAL ATLANTIC in 2022.

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

The revenue of ECOVADIS at the time of the deal is estimated to be in the range of 100M - 200M USD. Register for free to access the full transaction report and exact valuation multiples.

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 ECOVADIS 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 ECOVADIS 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://astorg-website.files.svdcdn.com/production/downloads/Press-Release-EV-Funding-2022-PR-Astorg34.pdf?dm=1655207476

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Home Database TMT (Tech, Media, Telecom)ECOVADIS

06/2022

ECOVADIS acquired by ASTORG & GENERAL ATLANTIC

FRANCE Software / Industry-Specific Software EV 1b - 4b USD

Context

EcoVadis has raised $500 million in a global investment round co-led by Astorg and BeyondNetZero (General Atlantic), establishing the company as a "sustainability impact unicorn". The strategic rationale for the deal is to accelerate EcoVadis’ global scale-up, particularly in the US and Asian markets, and to bolster its AI and machine learning capabilities. The fresh capital will also be used to fund strategic acquisitions and deepen its sustainability intelligence offering, such as Scope 3 carbon emissions management. The deal comes amid record demand for ESG transparency, with EcoVadis reporting 50% revenue growth over the previous 12 months. This investment positions the company to influence decision-making across enterprise, procurement, and financial platforms through its existing partnerships with SAP, Microsoft, and Coupa.

In the past, the company had already been the subject of several LBOs, notably led by Partech Ventures in 2016 and Cvc in 2020. These multiple LBO cycles illustrate the strong appeal for this type of asset.

ECOVADIS, which reported an EBITDA margin of LOGIN in 2022, 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.

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

Target

EcoVadis is the leading provider of globally trusted business sustainability ratings and scorecards. The organization operates a SaaS platform that provides evidence-based ESG intelligence across 200 industry categories and 175 countries. The entity's methodology covers environmental, social, and ethical practices, serving more than 95,000 businesses, including multinational giants like Amazon, L’Oréal, and JPMorgan. Its business model focuses on driving sustainability-led business decisions across global supply chains, private equity portfolios, and ESG-linked financing. By providing actionable benchmarks and carbon action tools (such as its Carbon Action Module), the firm supports companies in monitoring and improving the performance of their trading partners. Headquartered in Paris with 15 global offices, the firm has become the partner of choice for integrating sustainability intelligence into procurement and risk management ecosystems.

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Other operations with ECOVADIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2020	CVC	ECOVADIS	FRANCE	Software	EcoVadis has secured a $200 million investment from CVC Growth Partners II, marking one of the largest equity investments in the ESG space at the time. This transaction represents the first investment from CVC Growth Partners' second fund
12/2016	PARTECH VENTURES	ECOVADIS	FRANCE	Software	EcoVadis has secured €30 million in its first institutional funding round led by Partech Ventures. This minority investment represents the first outside capital raised by the company since its founding in 2007, following ten years of 50% annual organic growth

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ECOVADIS by ASTORG / GENERAL ATLANTIC 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).

Acquirer: general atlantic / astorg