Groupe Open acquired by Montefiore Investment

FRANCE IT Services / Consulting & Integration EV €100–350M

Context

Groupe Open announces the signing of an exclusive negotiation agreement between the founders and Montefiore Investment, with a view to concluding an investment agreement to launch a mandatory public tender offer for Groupe Open shares. The transaction aims to accelerate Groupe Open's transformation and put the group back on a growth trajectory by providing it with the means to finance the investments necessary for this transformation. These financial resources should in particular enable Groupe Open to make dilutive acquisitions in the short term with the aim of creating value within a 4- to 5-year timeframe.

By taking control of Groupe Open, Montefiore Investment continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Isabel Marant in 2016.

Groupe Open, which reported an EBITDA margin of [members only] in 2019, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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Target

Groupe Open (founded in 1989 by Frédéric Sebag) is a leading French IT services company specializing in the digital and industrial transformation of corporate enterprises and public institutions. Previously listed on Euronext Paris, the group was taken private in 2022. Its business model operates through three core complementary operational pillars: digital strategy consulting, application services, and infrastructure solutions, with a deep technical focus on high-growth verticals including Move-to-Cloud architectures, Data, and Artificial Intelligence.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2019

2018

Other operations with Montefiore Investment

Other operations with Montefiore Investment
Date	Acquirer	Target	Country	Sector
01/2026	MONTEFIORE INVESTMENT / ACTIVA CAPITAL	ARCHE MC2	FRANCE	Healthcare
08/2025	MONTEFIORE INVESTMENT / CERES INDUSTRIES CAPITAL / CFJ (COMPAGNIE FINANCIÈRE JOUSSET)	KARAVEL	FRANCE	Tour Operators
10/2024	MONTEFIORE INVESTMENT	DEMENEGO	ITALY	Ophthalmology
10/2023	MONTEFIORE INVESTMENT / BNP PARIBAS DEVELOPPEMENT / SOCIETE GENERALE CAPITAL PARTENAIRES / CARVEST (CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT)	KOESIO	FRANCE	MSP (Managed Services)
05/2023	MONTEFIORE INVESTMENT	EXO GROUP	ITALY	Finishing Works
04/2022	MONTEFIORE INVESTMENT / PLÉIADE INVESTISSEMENT	GENERIX GROUP	FRANCE	Supply Chain & Ops
10/2021	MONTEFIORE INVESTMENT	NGE	FRANCE	Public Works
07/2016	MONTEFIORE INVESTMENT	ISABEL MARANT	FRANCE	Fashion & Apparel
11/2007	MONTEFIORE INVESTMENT	ASMODEE GROUP	FRANCE	Consumer Products
02/2006	MONTEFIORE INVESTMENT	HOMAIR VACANCES	FRANCE	Hotels & Accommodation

Similar deals in IT Services

Similar deals in IT Services
Date	Acquirer	Target	Country	Sector
02/2021	ARDIAN	JAKALA	ITALY	Consulting & Integration
11/2020	PRESIDIO	ARKPHIRE	IRELAND	Consulting & Integration
10/2020	ANDERA PARTNERS	GROUPE ARTEMYS	FRANCE	Consulting & Integration
07/2020	HIG CAPITAL	PROJECT INFORMATICA	ITALY	Consulting & Integration
07/2020	KKR	DEVOTEAM	FRANCE	IT Services
05/2020	KBR	CENTAURI	UNITED STATES	Cybersecurity Services
03/2020	PALATINE PRIVATE EQUITY	ACORA	UNITED KINGDOM	MSP (Managed Services)
02/2020	BAIN CAPITAL	ENGINEERING INGEGNERIA INFORMATICA	ITALY	Consulting & Integration
11/2019	PECHEL	JEMS GROUP	FRANCE	Data & AI Consulting
08/2019	BC PARTNERS	PRESIDIO	UNITED STATES	Consulting & Integration

REFERENCES

Valuation range: EV €100–350M

Revenue range: €250–500M

EBITDA range: €5–25M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Groupe Open by Montefiore Investment 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: groupe open

FAQ

What transaction does this page cover?

This page covers Montefiore Investment’s acquisition of 100% of Groupe Open, a French company specialised in Consulting & Integration, in 2020.

How was the acquisition of Groupe Open by Montefiore Investment valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Groupe Open’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Groupe Open generated annual revenue estimated in the €250–500M range and EBITDA in the €5–25M bracket (FY 2019). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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