mynth
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 LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (10.9x).

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

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

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Equity Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2021
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2020
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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: 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: the adecco group