Parquest Capital & Bpifrance take majority stake in JVS Group

FRANCE Software / Industry-Specific Software EV €50–150M

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 [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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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

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

10x–18x

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with JVS Group

Other operations with JVS Group
Date	Acquirer	Target	Country	Sector
10/2024	CAPZA	JVS GROUP	FRANCE	Industry-Specific Software

Other operations with Parquest Capital / Bpifrance

Other operations with Parquest Capital / Bpifrance
Date	Acquirer	Target	Country	Sector
06/2020	CEREA PARTNERS / BPIFRANCE	AXIUM PACKAGING	FRANCE	Plastic Packaging
05/2020	SIPAREX / BPIFRANCE	GROUPE TOP CHRONO	FRANCE	Last Mile Delivery
09/2019	AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF	WIFIRST	FRANCE	Operators
06/2019	PARQUEST CAPITAL / BPIFRANCE	ADIT (AGENCE POUR LA DIFFUSION DE L'INFORMATION TECHNOLOGIQUE)	FRANCE	Consulting & Audit
06/2019	QUALIUM / BPIFRANCE	EMLYON	FRANCE	Education Providers
02/2019	PARQUEST CAPITAL / AMUNDI PRIVATE EQUITY	EDUSERVICES	FRANCE	Education Providers
11/2018	PARQUEST CAPITAL	SOPRAL	FRANCE	Petfood
11/2018	SAGARD / BPIFRANCE	SABENA TECHNICS	FRANCE	MRO (Maintenance, Repair & Overhaul)
09/2018	LATOUR CAPITAL / BPIFRANCE / BNP PARIBAS DEVELOPPEMENT	SOGETREL	FRANCE	Infrastructures
10/2017	UI INVESTISSEMENT / BPIFRANCE	THERADIAL	FRANCE	Medical Devices

Similar deals in Software

Similar deals in Software
Date	Acquirer	Target	Country	Sector
07/2020	SILVER LAKE	SILAE	FRANCE	ERP, HR & Finance
05/2020	AMBIENTA	NAMIRIAL	ITALY	Industry-Specific Software
04/2020	CORNERSTONE ONDEMAND	SABA SOFTWARE	UNITED STATES	ERP, HR & Finance
02/2020	HG CAPITAL	SMARTTRADE TECHNOLOGIES	FRANCE	Financial Services / Banking
02/2020	PERMIRA	LYTX	UNITED STATES	Software
01/2020	CVC	ECOVADIS	FRANCE	Industry-Specific Software
01/2020	OMNES CAPITAL / MACSF	OPPORTUNITY	FRANCE	MarTech
12/2019	FIVE ARROWS	SOFTWAY MEDICAL	FRANCE	Healthcare
12/2019	JOLT CAPITAL	EFFICIENTIP	FRANCE	Software
11/2019	KEENSIGHT CAPITAL	SOGELINK	FRANCE	Construction / Real Estate

REFERENCES

Valuation range: EV €50–150M

Revenue range: €25–50M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

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.

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in JVS Group, a French company specialised in Industry-Specific Software, by Parquest Capital and Bpifrance in 2020. Ownership has since evolved, leading to a subsequent transaction with Capza in October 2024 (see the dedicated deal page for details).

How was the acquisition of JVS Group by Parquest Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €50–150M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were JVS Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, JVS Group generated annual revenue estimated in the €25–50M range and EBITDA in the €5–25M bracket (FY 2020). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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