At what enterprise value was QAPA acquired in 2021?

During the acquisition of QAPA by THE ADECCO GROUP in 2021, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR.

When was QAPA acquired by THE ADECCO GROUP?

QAPA was acquired by THE ADECCO GROUP in 2021.

What was the revenue of QAPA at the time of the deal?

The revenue of QAPA at the time of the deal is estimated to be in the range of 25M - 50M EUR.

How is the data for the QAPA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the QAPA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.challenges.fr/entreprise/interim-adecco-va-racheter-le-francais-qapa-pour-65-millions-d-euros_779565

← DATABASE

Home Database Business ServicesQAPA

09/2021

QAPA acquired by THE ADECCO GROUP

FRANCE Professional Services / HR & Capital / Temp Work / Staffing EV 50M - 150M EUR

Context

Adecco acquired 100% of QAPA and planNED to immediately deploy a "state-of-the-art" 100% online solution to its client base. Strategically, this acquisition complements Adecco's physical network with a high-speed digital channel, intended to serve large key accounts requiring flexibility.

QAPA, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

QAPA is a leading French digital staffing platform, often described as the "Uber of interim work." Launched in its current form in 2017 and a member of the French Tech 120 index, QAPA fully digitizes the recruitment process for temporary workers. It relies on proprietary Artificial Intelligence algorithms to match candidate CVs with mission offers in real-time via SMS and mobile app. The platform eliminates administrative paperwork through total digitalization. At the time of the deal, QAPA had a database of 4.5 million workers and served over 500 clients (from SMEs to large corporates), employing about 60 people.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Professional Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2021	FREELANCE.COM	HELVETIC PAYROLL	SWITZERLAND	Temp Work / Staffing
10/2021	Apex Group	Mainstream Group	AUSTRALIA	Accounting & Audit
04/2021	HIG CAPITAL	INTERPATH	UNITED KINGDOM	Accounting & Audit
01/2021	Sanne Group	Private Equity Administrators	DENMARK	Accounting & Audit
12/2020	JACOBS ENGINEERING GROUP	PA CONSULTING	UNITED KINGDOM	Strategy & Management
11/2020	TWO CIRCLES	TRM PARTNERS	UNITED KINGDOM	Marketing & Events
05/2020	ARDIAN	ARGON & CO	FRANCE	Strategy & Management
02/2020	TILNEY	SMITH & WILLIAMSON (S&M)	UNITED KINGDOM	Accounting & Audit
01/2020	STONE POINT CAPITAL	DUFF & PHELPS	UNITED STATES	Consulting & Audit
01/2020	IK PARTNERS	Acture Group	NETHERLANDS	HR & Capital

REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of QAPA by THE ADECCO GROUP 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: the adecco group