At what enterprise value was EVERNEX acquired in 2019?

During the acquisition of EVERNEX by 3I in 2019, 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 300M - 700M 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 EVERNEX when it was acquired by 3I?

The exact EV/EBITDA multiple for EVERNEX 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 EVERNEX acquired by 3I?

EVERNEX was acquired by 3I in 2019.

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

The revenue of EVERNEX at the time of the deal is estimated to be in the range of 100M - 200M EUR. 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 EVERNEX 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 EVERNEX 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.unquote.com/france/official-record/3015813/3i-buys-evernex-from-carlyle-in-deal-exceeding-eur400m

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Home Database TMT (Tech, Media, Telecom)EVERNEX

07/2019

EVERNEX acquired by 3I

FRANCE IT Services / Infrastructure & Cloud / MSP (Managed Services) EV 300M - 700M EUR

Context

3i Group has acquired a substantial majority stake in Evernex from Carlyle Europe Technology Partners (CETP). 3i pre-empted a planned auction process, having tracked the asset for over two years. The deal supports the management team, led by CEO Stanislas Pilot, in continuing their international buy-and-build strategy and diversifying their service offerings.

Previously, the company had already undergone several LBOs, notably led by Eurazeo in 2013 and The Carlyle Group in 2015. This succession of buyouts, combined with an active build-up strategy, highlights the strong attractiveness of the company's business model.

EVERNEX, which reported an EBITDA margin of LOGIN in 2018, 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

Evernex operates as a third-party maintenance (TPM) provider specializing in data center infrastructure management. Headquartered in Paris, France, the company’s business model centers on delivering multi-vendor maintenance, repair, and operational support for servers, storage systems, and networking equipment. As an alternative to original equipment manufacturer (OEM) servicing, the platform allows corporate clients to optimize IT asset lifecycle management, delay hardware replacement cycles, and reduce infrastructure maintenance expenditures. In 2026, Evernex supports over 5,600 customers across more than 160 countries. Its service portfolio includes hardware buy-back programs, secure data erasure, IT asset disposal (ITAD) compliant with WEEE directives, and infrastructure relocation logistics. By maintaining a centralized technical framework capable of supporting legacy equipment from manufacturers such as Dell, IBM, HPE, and Cisco, Evernex integrates circular economy principles into corporate data center operations.

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Other operations with EVERNEX

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2017	EVERNEX	CAT SISTEMAS	SPAIN	IT Services	Evernex has acquired CAT Sistemas as part of its European buy-and-build strategy. This acquisition strengthens Evernex's footprint in Southern Europe (Spain) and consolidates its position as a leading independent maintainer
06/2017	EVERNEX	TTS FRANCE	FRANCE	IT Services	Evernex has completed a targeted platform optimization by executing the 100% acquisition of TTS France, marking a strategic build-up within its technical services portfolio. This transaction follows the concurrent cross-border acquisition of the Spanish IT infrastructure maintenance specialist, CAT Sistemas
07/2015	THE CARLYLE GROUP	EVERNEX	FRANCE	IT Services	The Carlyle Group has acquired a majority stake in Cap Vert Finance from Eurazeo PME in a bilateral (OTC) transaction organized by Shibumi Corporate Finance. The deal values the company at EUR137 million
07/2013	EURAZEO	EVERNEX	FRANCE	IT Services	Eurazeo PME has acquired a 57% majority stake in Cap Vert Finance (now Evernex). This transaction replaces the previous minority financial partner, Atria Capital Partenaires, which had supported the company in an initial MBO
01/2011	ATRIA CAPITAL PARTENAIRES	EVERNEX	FRANCE	IT Services	Cap Vert Finance has structured a minority Owner Buy-Out (OBO) transaction. Previously held by its founder, Loïc Villers, and three senior executives, the company is opening its share capital to AtriA Capital Partenaires, which is acquiring a significant minority stake through AtriA's Apef III fund

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EVERNEX by 3I 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: evernex

Acquirer: 3i