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11/2025

ENDRIX (EX SFC) acquired by IK PARTNERS

FRANCE Professional Services / Consulting & Audit / Accounting & Audit EV €100–350M

Context

The French accounting and consulting group Endrix completes a significant capital reorganization by welcoming IK Partners as a strategic financial shareholder. This operation aims to fuel the group's ambitious external growth strategy. After an initial partnership with Bpifrance in 2021, Endrix steps up to a pan-European investor to reach its target of EUR100 million in revenue, consolidating a highly fragmented market through targeted acquisitions (Build-ups).

ENDRIX (EX SFC), which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

A leading French independent firm providing accounting, audit, and consulting services. Based in Lyon and Paris, the group has grown significantly to become a key player in the mid-market. It supports business leaders with a "360-degree" approach, covering financial advisory, legal, HR, and CSR consulting.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€100–200M
€5–25M
[members only]
2023
€100–200M
€5–25M
[members only]

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REFERENCES

Valuation range: EV €100–350M

Revenue range: €100–200M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ENDRIX (EX SFC) by IK PARTNERS 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.

Target: endrix (ex sfc)

Acquirer: ik partners