mynth
10/2020

GROUPE OPEN acquired by MONTEFIORE INVESTMENT

FRANCE IT Services / Consulting & Integration EV 100M - 350M EUR

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.

GROUPE OPEN, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

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.

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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.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 5M - 25M EUR

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: 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: groupe open

Acquirer: montefiore investment