mynth
← DATABASE
10/2026

MONTEFIORE INVESTMENT invests in AUDIT CPA

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

Context

Montefiore took a minority stake in Audit CPA, the Paris-based accounting and audit platform, in the firm’s first LBO, a transaction valuing the company at an enterprise value of €200m, an EV/EBITDA multiple of [members only]. Audit CPA generated revenue of €50–100M and an EBITDA of €5–25M, an EBITDA margin of [members only]. Founding managers Antony Goichon and Philippe de Reviers de Mauny kept control of the platform and stayed at its head. The deal was signed over the summer and due to complete in November. The transaction came with a refinancing of Audit CPA’s senior debt through a unitranche facility arranged with BlackRock. It followed a period of expansion through acquisitions, during which the platform took over the in-house accounting arm of the fintech Pennylane and integrated six competing practices from 2025 onwards. Edmond de Rothschild Corporate Finance ran the process, advising Audit CPA on the financial side.

-> Deep-dive in Business Services market trends

Target

Founded in Paris in 2005 by Antony Goichon and Philippe de Reviers de Mauny, Audit CPA provides accounting and audit services to companies, keeping their books, preparing their annual accounts and tax filings and advising them on the financial management of their business. The firm is organised as a platform of accounting practices that keep their own teams and client relationships while sharing central functions and tools. Its clients are businesses, served from its Paris base and the offices of the practices within the group.

Ent. Value

FREE VIEW

€200m

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€50–100M
€5–25M
[members only]
2025
€50–100M
€5–25M
[members only]

Similar deals in Professional Services

Similar deals in Professional Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
09/2026GITPLudens TalentontwikkelingNETHERLANDSVocational Training
09/2026Acquera GroupWilsonhalliganUNITED KINGDOMRecruitment / Headhunting
09/2026EQT PARTNERSMcGill and PartnersUNITED KINGDOMStrategy & Management
09/2026UI INVESTISSEMENTFinasensFRANCEAccounting & Audit
09/2026TMF GroupNavigator PartnersFINLANDAccounting & Audit
08/2026Tata Consultancy ServicesMHPGERMANYStrategy & Management
08/2026Knights GroupMOORE BARLOW COMMERCIAL & PRIVATE WEALTHUNITED KINGDOMLegal & Notary
08/2026Key Capital PartnersGreen Group (Partners)UNITED KINGDOMRecruitment / Headhunting
08/2026VIEW GroupPRODIEMSWEDENRecruitment / Headhunting
07/2026Grant Thornton UKFairgroveUNITED KINGDOMStrategy & Management

REFERENCES

Valuation range: EV €100–350M

Revenue range: €50–100M

EBITDA range: €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AUDIT CPA by MONTEFIORE INVESTMENT 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.

Target: audit cpa

Acquirer: montefiore investment