FLEET
Acquired by
ISAI
FLEET acquired by ISAI
Target
FLEET
Acquirer
ISAI
Context
ISAI acquired a minority stake in Fleet. This transaction is a classic Owner Buy-Out (OBO): it allows founders and early employees to cash out part of their equity. No new capital (Cash-in) was injected into the company for now, as Fleet is profitable and self-financing. The deal aims to structure the company for international expansion and potential external growth (M&A) to reach �100 million in revenue within 4 years. Revenue (Target)
The transaction values FLEET 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
Founded 7 years ago, Fleet is a B2B platform simplifying IT equipment management for SMEs (up to 500 employees). The company offers a subscription-based model (DaaS) for Apple and Windows devices, covering procurement, delivery, insurance, and renewal/recycling. Unlike traditional leasing, Fleet provides a SaaS-like interface for "Fleet Management" (onboarding/offboarding employees). Bootstrapped and profitable, Fleet generated ~EUR30 million in revenue in 2025, reflecting a 92% year-on-year growth. It operates in Europe and the US.
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 FLEET
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.