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HYPOTHESIS GROUP

Acquired by

ELIXIRR INTERNATIONAL

UNITED STATES Professional Services EV [1m USD - 100m USD] 10/2025

Target

HYPOTHESIS GROUP

Acquirer

ELIXIRR INTERNATIONAL

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 LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 11.3x average currently observed in the Business Services sector.

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

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

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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)

Year
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EBITDA
EBIT
2024
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2023
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Other operations with HYPOTHESIS GROUP

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.