At what enterprise value was EVOLIS acquired in 2023?

During the acquisition of EVOLIS by HID GLOBAL in 2023, 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 100M - 350M 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 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EVOLIS when it was acquired by HID GLOBAL?

The estimated EV/EBITDA multiple for EVOLIS is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was EVOLIS acquired by HID GLOBAL?

EVOLIS was acquired by HID GLOBAL in 2023.

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

The revenue of EVOLIS 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 was the EBITDA of EVOLIS during the acquisition?

EVOLIS's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

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 EVOLIS 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 EVOLIS 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.hidglobal.com/documents/hid-global-sas-relatif-loffre-publique-dachat-simplifiee-visant-les-actions-de-la-societe

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Home Database TMT (Tech, Media, Telecom)EVOLIS

09/2023

EVOLIS acquired by HID GLOBAL

FRANCE Hardware & Electronics / IT Equipment / IoT & Connected Objects EV 100M - 350M EUR

Context

HID Global completed the acquisition of approximately 98.5% of Evolis through a two-step process. First, HID acquired a majority block of 98.5% of the shares from the founding shareholders (Cedys & Vesta) and certain managers at a price of EUR43.75 per share. Following this block trade, HID launched a mandatory simplified tender offer for the remaining minority shares at the same price. Having surpassed the 90% ownership threshold, HID implemented a squeeze-out and delisted Evolis from Euronext Growth. The acquisition allowed HID to significantly expand its printer portfolio and geographic reach in the secure identification market.

EVOLIS, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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

Evolis is a leading global developer and manufacturer of decentralized solutions for identifying people and assets. The company specializes in the design, manufacture, and commercialization of card printers and software for personalizing plastic cards (ID cards, payment cards, transport passes). With manufacturing operations in France (Angers) and a global distribution network, Evolis serves markets ranging from government and education to banking and retail. At the time of the transaction, the group operated across multiple continents and maintained a dominant position in the "entry-level" and "mid-range" card printer segments.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EVOLIS by HID GLOBAL 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: evolis