mynth
04/2020

JVS GROUP acquired by PARQUEST CAPITAL & BPIFRANCE

FRANCE Software / Industry-Specific Software EV 50M - 150M EUR

Context

Management of JVS Group completed a new OBO transaction alongside Parquest Capital and Bpifrance. The deal marks the exit of Apax Partners Development (formerly EPF Partners) and UI Gestion. Following the transaction, the management team retains a majority stake (approx. 60%), with Parquest taking a ~30% minority interest and Bpifrance holding ~10%. This operation is designed to provide JVS with the financial means to scale its CRM offerings and accelerate its acquisition strategy, building on the five successful integrations performed under Apax's tenure (including Start ABI and Sistec). Financing for the transaction was supported by a senior debt pool led by Crédit Agricole Nord Est.

JVS GROUP, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

JVS Group is a specialized software editor providing management suites for French local public authorities and town halls. The company’s business model focuses on digitizing administrative functions, infrastructure management (energy, water), and Citizen Relationship Management (CRM). Its value proposition centers on offering a localized, comprehensive ecosystem of digital services that streamline the interactions between city councils and citizens. Strategically, JVS has transitioned toward a SaaS-based model and expanded its portfolio through an active buy-and-build strategy, targeting niche segments like childcare services (Be Attractive) and field service management (Sistec). As of 2019, the group employed 300 staff and served a growing market driven by the public sector's digital transformation.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2020
2019

Other operations with JVS GROUP

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2024CAPZAJVS GROUPFRANCEIndustry-Specific Software

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of JVS GROUP by PARQUEST CAPITAL / BPIFRANCE 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.

Press release: view release

Acquirer: parquest capital / bpifrance