At what enterprise value was KIZEO acquired in 2026?

During the acquisition of KIZEO by TURENNE CAPITAL in 2026, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR.

What was the EV/EBITDA of KIZEO when it was acquired by TURENNE CAPITAL?

The estimated EV/EBITDA multiple for KIZEO is in the range of 10x - 18x.

When was KIZEO acquired by TURENNE CAPITAL?

KIZEO was acquired by TURENNE CAPITAL in 2026.

What was the revenue of KIZEO at the time of the deal?

The revenue of KIZEO at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of KIZEO during the acquisition?

KIZEO's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the KIZEO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the KIZEO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.turennecapital.com/kizeo-ouvre-une-nouvelle-etape-de-sa-croissance-avec-lappui-de-turenne-emergence-pour-transformer-durablement-le-quotidien-des-professionnels-terrain/

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Home Database TMT (Tech, Media, Telecom)KIZEO

04/2026

KIZEO acquired by TURENNE CAPITAL

FRANCE Software / Industry-Specific Software / Construction / Real Estate EV 50M - 150M EUR

Context

The transaction involves the entry of Turenne Emergence into Kizeo’s capital, acquiring a ~20% minority stake through an equity investment of 10 million EUR. This growth LBO represents a strategic partnership aimed at accelerating the company's development trajectory over the next five years. The deal rationale is centered on supporting the target's ambitious growth plan, which includes doubling the firm's size through the expansion of its functional software coverage, pursuing international deployment, and evaluating potential external growth opportunities (buy-and-build). By providing capital and strategic support, the acquirer positions the company to further leverage AI technologies for data-driven decision-making and solidify its status as a leading partner for mobile professionals. This deal underscores the continued investor appetite for resilient, B2B vertical software providers that demonstrate high operational efficiency and strong integration within the critical workflows of industrial and construction sectors.

KIZEO, which reported an EBITDA margin of in 2025, 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 (15.3x).

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Target

Kizeo is a French software publisher established in 2011, specializing in the digitalization of workflows for field-based professionals. The company provides a comprehensive software ecosystem (including Kizeo Forms, Klear, and Karré) that digitizes administrative tasks and collects critical data in real-time for technicians, site managers, and inspectors. Its solutions are deeply integrated into the operational workflows of clients across sectors such as construction, energy, utilities, and industry, serving as a critical infrastructure for reliable, secure, and traceable data collection. By automating reporting and field processes, Kizeo enables significant productivity gains, offering features such as offline data access for isolated sites and AI-powered report automation. The company has established a sticky customer base, counting major industrial groups such as VINCI Construction, ENGIE, SNCF, and EDF among its clients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
05/2026	DOCTOLIB	MEDICUS	United Kingdom	Healthcare
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04/2026	RELX	DOCTRINE	FRANCE	Industry-Specific Software
04/2026	TEAMSYSTEM	ACD	FRANCE	ERP, HR & Finance
04/2026	ATHOS CONSORTIUM / A.P. MOLLER HOLDING	DOCTOLIB	FRANCE	Healthcare
04/2026	AMADEUS	IDEMIA PUBLIC SECURITY	FRANCE	Industry-Specific Software
04/2026	IKS HEALTH	TRUBRIDGE	UNITED STATES	Healthcare
04/2026	HR PATH	COVALENCE CONSULTING	UNITED STATES	ERP, HR & Finance
04/2026	ADVENT INTERNATIONAL	TINEXTA	ITALY	Industry-Specific Software
04/2026	LONG PATH PARTNERS	IDOX	UNITED KINGDOM	Industry-Specific Software

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 5M - 25M 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 KIZEO by TURENNE 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.

Press release: view release

Target: kizeo

Acquirer: turenne capital