At what enterprise value was HELVETIC PAYROLL acquired in 2021?

During the acquisition of HELVETIC PAYROLL by FREELANCE.COM in 2021, 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 Business Services industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HELVETIC PAYROLL when it was acquired by FREELANCE.COM?

The exact EV/EBITDA multiple for HELVETIC PAYROLL is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was HELVETIC PAYROLL acquired by FREELANCE.COM?

HELVETIC PAYROLL was acquired by FREELANCE.COM in 2021.

What was the revenue of HELVETIC PAYROLL at the time of the deal?

The revenue of HELVETIC PAYROLL at the time of the deal is estimated to be in the range of 150M - 250M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 HELVETIC PAYROLL 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 HELVETIC PAYROLL 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://investors.freelance.com/wp-content/uploads/2021/10/FreelanceCPHPVDEF.pdf

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Home Database Business ServicesHELVETIC PAYROLL

10/2021

HELVETIC PAYROLL acquired by FREELANCE.COM

SWITZERLAND Professional Services / HR & Capital / Temp Work / Staffing EV 100M - 350M EUR

Context

Freelance.com completed the acquisition of Helvetic Payroll, the undisputed leader of the Swiss umbrella company market. This cross-border transaction combines the target’s high-margin, digital-native operations with the acquirer’s large-scale institutional reach in France. The strategic rationale for the deal is twofold: achieving immediate geographic dominance in Switzerland and significantly accreting the group's overall profitability, as the target's 5% operating margin exceeds the acquirer's historical average. The transaction was structured through a sophisticated mix of cash and equity, involving a €100 million debt package supported by Bpifrance, LCL, and Société Générale. This deal effectively doubles the group's pro-forma revenue to over €600 million, providing the critical mass necessary to pursue a long-term goal of €1 billion by 2025. By integrating Helvetic Payroll’s highly automated processes, the partnership optimizes the management of expert freelancers across 35 countries, reinforcing the group's position as a one-stop-shop for talent-as-a-service in Europe. The operation was immediately accretive (c. 40% on a full-year basis), highlighting the strong industrial and financial logic of merging two category leaders.

HELVETIC PAYROLL, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (10.9x).

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

Helvetic Payroll is the leading provider umbrella company services in the Swiss market. The group offers an advanced, fully digitalized ecosystem that facilitates the administrative, legal, and social management of independent consultants and cross-border workers. Known for its high operational efficiency and superior profitability (c. 5% operating margin), the firm manages complex Swiss labor regulations across multiple cantons, serving a high-growth segment of expert freelancers. By automating the back-office relationship between companies and external talents, Helvetic Payroll has achieved a dominant leadership position, characterized by a rapid growth trajectory (>30% YoY) and a robust digital-first business model that scales without significant proportional increases in overhead.

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 150M - 250M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HELVETIC PAYROLL by FREELANCE.COM 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: helvetic payroll