EVERNEX
Acquired by
EURAZEO
EVERNEX acquired by EURAZEO
Target
EVERNEX
Acquirer
EURAZEO
Context
Eurazeo PME has acquired a 57% majority stake in Cap Vert Finance. This transaction replaces the previous minority financial partner, Atria Capital Partenaires, which had supported the company in an initial MBO. The management team, led by the founder and managers, retains a significant minority stake (~43%). The deal aims to accelerate international expansion and double the company's size within 5 years (a goal achieved in just 2 years).
The transaction values EVERNEX at an EV/Revenue multiple of LOGIN.
This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.1x since the beginning of 2026, 4.7% decrease compared to 2025. 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.
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Target
Headquartered in Paris, Evernex is a leading provider of third-party maintenance (TPM) services for data center infrastructure (servers, storage, network equipment). The company offers a cost-effective alternative to OEM maintenance, extending the life of IT assets.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with EVERNEX
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2019 | 3I | EVERNEX | FRANCE | MSP (Managed Services) | 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. |
| 07/2017 | EVERNEX | CAT SISTEMAS | SPAIN | MSP (Managed 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 acquired TTS France to integrate a specific technical capability into its service portfolio. While small in revenue (EUR1.3m), TTS brings rare expertise in tape drive maintenance, a critical component for long-term data archiving clients. |
| 07/2015 | THE CARLYLE GROUP | EVERNEX | FRANCE | MSP (Managed 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. This "Tertiary LBO" sees management reinvesting significantly to retain ~1/3 of the capital. Eurazeo PME exits after only two years with a 39% IRR. The acquisition is supported by a debt package representing 4-5x EBITDA, including mezzanine debt from Capzanine. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.