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04/2026

MEWS PARTNERS acquired by AZULIS CAPITAL

FRANCE Professional Services / Consulting & Audit / Strategy & Management EV €100–350M

Context

Azulis Capital has successfully finalized a significant minority investment in the share capital of the target, marking a primary LBO designed to accelerate the organization’s international expansion and build-up strategy. This strategic transaction represents a pivotal step in the professional services firm’s evolution, providing the capital depth required to pursue external growth in a highly fragmented management consulting landscape. The strategic rationale for the move centers on the high degree of technical alignment between the two organizations, specifically focusing on the institutionalization of a partnership-based management model. By incorporating an institutional minority partner, the organization reinforces its ability to execute its existing buy-and-build roadmap while maintaining a decentralized framework for its specialized expert associates. The partnership is designed to leverage the acquirer’s extensive expertise in mid-market consolidation to diversify the firm’s geographic reach and service offerings. This integration facilitates a renewed focus on technical operational depth and digital transformation advisory, providing the strategic resources required to compete at a global scale. The move solidifies the group’s standing as a primary enabler of industrial and supply chain modernization.

MEWS PARTNERS, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Business Services sector (11.4x).

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Target

Mews Partners is a premier management consulting organization specializing in operational excellence and supply chain strategy. The entity’s business model is centered on providing high-value technical advisory services to large industrial and service-oriented organizations. Its value proposition is anchored in deep technical operational depth across product lifecycle management (PLM), procurement, and industrial performance optimization. Strategically, the firm focuses on the internationalization of its specialized expertise, maintaining a multidisciplinary framework to support complex business transformations. By integrating expert-led strategy with industrialized execution frameworks, the organization ensures a mission-critical role in the structural efficiency of its global client base. The group prioritizes innovation-led growth and the professionalization of internal management to facilitate long-term scaling in the professional services market.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€50–100M
€5–25M
[members only]
2024
€50–100M
€5–25M
[members only]

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REFERENCES

Valuation range: EV €100–350M

Revenue range: €50–100M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

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 MEWS PARTNERS by AZULIS 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.

Acquirer: azulis capital