OCTIME GROUP acquired by IK PARTNERS
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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).
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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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Historical Financials (EUR)
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REFERENCES
Revenue range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: ik partners