At what enterprise value was HYPOTHESIS GROUP acquired in 2025?

During the acquisition of HYPOTHESIS GROUP by ELIXIRR INTERNATIONAL in 2025, 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 20M - 50M USD. 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 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HYPOTHESIS GROUP when it was acquired by ELIXIRR INTERNATIONAL?

The estimated EV/EBITDA multiple for HYPOTHESIS GROUP is in the range of 5x - 12x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was HYPOTHESIS GROUP acquired by ELIXIRR INTERNATIONAL?

HYPOTHESIS GROUP was acquired by ELIXIRR INTERNATIONAL in 2025.

What was the revenue of HYPOTHESIS GROUP at the time of the deal?

The revenue of HYPOTHESIS GROUP at the time of the deal is estimated to be in the range of 10M - 30M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of HYPOTHESIS GROUP during the acquisition?

HYPOTHESIS GROUP's EBITDA is estimated to be in the range of 5M - 25M USD. 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 HYPOTHESIS GROUP 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 HYPOTHESIS GROUP 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.investments.halifax.co.uk/research-centre/news-centre/article/?id=17746680&type=bsm

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Home Database Business ServicesHYPOTHESIS GROUP

10/2025

HYPOTHESIS GROUP acquired by ELIXIRR INTERNATIONAL

UNITED STATES Professional Services / Consulting & Audit / Strategy & Management EV 20M - 50M USD

Context

Elixirr has acquired 100% of the Hypothesis group, its fourth acquisition in the United States, strengthening its presence in the world's largest consulting market. Elixirr was founded in 2009 to disrupt the consulting industry by trying to deliver a better model to clients and with specific expertise across digital, data, AI and innovation.

HYPOTHESIS GROUP, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Hypothesis Group is a premium insights, design, and strategy agency based in the US. Unlike traditional market research firms that focus on data collection, Hypothesis emphasizes "insights-led strategy" and visual storytelling. The firm has carved out a massive niche among the "Magnificent Seven" (the largest US tech companies), counting 5 of them as key clients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2024

2023

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REFERENCES

Valuation range: EV 20M - 50M USD

Revenue range: 10M - 30M USD

EBITDA range: 5M - 25M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HYPOTHESIS GROUP by ELIXIRR INTERNATIONAL 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: hypothesis group

Acquirer: elixirr international