Ardian won a competitive auction process (beating HG Capital and Cinven) to join TA Associates in a co-control consortium. Both sponsors hold equal stakes and governance rights. The transaction was financed via an unitranche debt provided by Arcmont. Under TA Associates' ownership since 2018, the group increased its revenue fivefold. The new strategic plan aims to triple the company's size through 10% annual organic growth and an aggressive M&A strategy targeting new verticals (commercial real estate, construction) and geographic expansion in France and potentially internationally.

ODEALIM, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 14.0x average currently observed in the Financial Services sector.

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