EMARGENCE acquired by NEXTSTAGE
Context
NextStage AM acquired a minority stake (slightly over 30%) in Emargence for a ticket exceeding €10 million. The four founding partners retain majority control. The transaction, negotiated by Eurvad, values the firm at a premium multiple reflecting the high quality of its diversified service mix. Supported by a senior debt package from BNP Paribas, CIC, and Bred (leveraged at ~3x EBITDA), the deal aims to transform Emargence into a major regional leader. The strategic roadmap includes a "capex line" to acquire at least three firms per year, with the goal of tripling the firm’s EBITDA within five years.
EMARGENCE, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.5x).
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Target
Founded by four senior partners, Emargence is a prominent Parisian accounting and advisory firm. It differentiates itself from traditional practices through a high degree of diversification; the majority of its turnover is generated from high-value-added services such as Consulting, Transaction Services, and Audit, alongside its historical accounting and payroll pillars. The firm recently integrated the AMPW practice and has positioned itself as a consolidator in the Île-de-France region, leveraging digital innovation and AI to optimize professional workflows.
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REFERENCES
Valuation range: EV 20M - 50M EUR
Revenue range: 10M - 30M EUR
EBITDA range: 0M - 5M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: nextstage