ISATIS CAPITAL invests in CAPTIVEA
Context
The deal involves Isatis Capital acquiring a 40% stake in Captivea, marking the software integrator's first opening of its capital to a financial investor. The transaction aims to reinforce Captivea's equity and allow for a partial cash-out for its founder, Sébastien Riss. The deal is expected to support Captivea's international expansion, with the company already having a strong presence in seven countries. Isatis Capital's investment is seen as a strategic move to accelerate Captivea's growth, particularly in international markets. The deal is also expected to pave the way for future build-up opportunities, with two potential targets already identified in Switzerland and France. The transaction is part of Isatis Capital's strategy to support the growth of SMEs and ETIs in the technology and software sectors.
CAPTIVEA, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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
Captivea is a French software integrator founded in 2007, specializing in the integration of Odoo and open-source ERP systems for small and medium-sized enterprises (SMEs) and mid-tier companies (ETIs). The company operates internationally, with a presence in seven countries and over 200 employees. Captivea's business model is centered around providing tailored software solutions to its clients, with a strong focus on international expansion. The company generates revenue primarily through the implementation and maintenance of ERP systems, with over 60% of its sales coming from international markets. Captivea's value proposition lies in its ability to provide customized and integrated software solutions, allowing its clients to streamline their operations and improve efficiency. The company's distribution channels include direct sales and partnerships with other software providers.
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EV / EBITDA
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 5M - 25M EUR
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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: captivea
Acquirer: isatis capital