mynth
08/2024

OCTIME GROUP acquired by IK PARTNERS

FRANCE Software / ERP, HR & Finance REV 25M - 50M EUR

Context

IK Partners acquired a minority stake in Octime, marking the company's 5th LBO cycle. The President and key managers retain a majority stake (~55%). Andera Partners remains a minority shareholder, while Capza exited its position after an 8-year tenure. The deal is supported by senior debt. The strategic objective is to double Octime's revenue within five years through organic growth in France and an active build-up strategy in neighboring countries and Northern Europe.

OCTIME GROUP, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Founded in 1999, Octime is a leading French software editor specializing in workforce management and time & attendance solutions. The group has a dominant position in the healthcare and medico-social sectors. Its SaaS platform helps organizations optimize scheduling, track working hours, and manage HR administrative tasks. It operates in France, Spain, Portugal, and Latin America.

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2024
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REFERENCES

Revenue range: 25M - 50M EUR

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: ik partners