Montefiore Investment, BNP Paribas Developpement, Societe Generale Capital Partenaires & Carvest (Crédit Agricole Régions Investissement) invest in Koesio

FRANCE IT Services / Infrastructure & Cloud / MSP (Managed Services) EV €500M–1.5bn

Context

Koesio has structured an Owner Buy-Out (OBO) in which a consortium led by Montefiore Investment acquired a 25% minority stake in the group. Montefiore holds 16% of the capital, while the three banking partners each hold 3%. The founder and President, Pierre-Eric Brenier, along with CEO Gilles Perrot and key managers, retain the remaining 75% of the shares. The deal is supported by a senior debt facility provided by a banking pool, which includes dedicated lines for future acquisitions. This capital injection follows a period of hyper-growth where Koesio more than doubled its turnover from €415M in 2020 to €1.1B in 2023. The partnership aims to fuel further diversification, particularly in the telecommunications sector.

Koesio, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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Target

Koesio is a major French player in digital services and office automation, specializing in cloud computing, cybersecurity, and managed print services. The group pursues an aggressive external growth strategy to build a comprehensive "one-stop-shop" for corporate digital transformation. Its investment thesis for Alcatraz IT focuses on integrating specialized telecom infrastructure and regional network density (specifically in Southern France) to enhance its global managed services offering.

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

5x–12x

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

Other operations with Koesio

Other operations with Koesio
Date	Acquirer	Target	Country	Sector
10/2023	KOESIO	ALCATRAZ IT	FRANCE	Operators

Other operations with Montefiore Investment / BNP Paribas Developpement / Societe Generale Capital Partenaires / Carvest (Crédit Agricole Régions Investissement)

Other operations with Montefiore Investment / BNP Paribas Developpement / Societe Generale Capital Partenaires / Carvest (Crédit Agricole Régions Investissement)
Date	Acquirer	Target	Country	Sector
10/2024	MONTEFIORE INVESTMENT	DEMENEGO	ITALY	Ophthalmology
01/2024	BNP PARIBAS DEVELOPPEMENT / SOCIETE GENERALE CAPITAL PARTENAIRES / BTP CAPITAL / BPIFRANCE / CREDIT MUTUEL EQUITY	DEMATHIEU BARD	FRANCE	Construction
07/2023	CREDIT MUTUEL EQUITY / BNP PARIBAS DEVELOPPEMENT	DIMOTRANS	FRANCE	Freight Transport
05/2023	MONTEFIORE INVESTMENT	EXO GROUP	ITALY	Finishing Works
03/2023	BNP PARIBAS DEVELOPPEMENT / BPIFRANCE / BTP CAPITAL / ESFIN PARTICIPATIONS	GCC	FRANCE	Construction
12/2022	IXO PRIVATE EQUITY / BNP PARIBAS DEVELOPPEMENT	AIR SUPPORT	FRANCE	MRO (Maintenance, Repair & Overhaul)
11/2022	ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT / IRD INVEST	MEDIASCIENCE	FRANCE	Educational Equipment
10/2022	SOCIETE GENERALE CAPITAL PARTENAIRES	POZEO	FRANCE	Retail & Services
09/2022	ARKEA CAPITAL / SOCIETE GENERALE CAPITAL PARTENAIRES / BNP PARIBAS DEVELOPPEMENT	ACB GROUP	BELGIUM	Electronic Components
06/2022	EQUISTONE / IK PARTNERS / SAGARD / EMZ PARTNERS / SOCIETE GENERALE CAPITAL PARTENAIRES	SAFIC-ALCAN	FRANCE	Specialty Chemicals

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REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €1–10bn

EBITDA range: €100–200M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Koesio by Montefiore Investment / BNP Paribas Developpement / Societe Generale Capital Partenaires / Carvest (Crédit Agricole Régions Investissement) 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 minority stake in Koesio, a French company specialised in Infrastructure & Cloud, by Montefiore Investment, BNP Paribas Developpement, Societe Generale Capital Partenaires and Carvest in 2023.

How was the acquisition of Koesio by Montefiore Investment valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €500M–1.5bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

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

At the time of the transaction, Koesio generated annual revenue estimated in the €1–10bn range and EBITDA in the €100–200M bracket (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

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