mynth
05/2026

ISATIS CAPITAL invests in CAPTIVEA

FRANCE IT Services / Consulting & Integration / Custom Dev EV €10–30M

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 [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.7x).

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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.

Ent. Value

€10–30M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€5–25M
[members only]
[members only]
2024
€5–25M
[members only]
[members only]

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REFERENCES

Valuation range: EV €10–30M

Revenue range: €5–25M

EV/Revenue range: 1x - 3x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CAPTIVEA by ISATIS CAPITAL 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: captivea

Acquirer: isatis capital