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QUESTEL GROUP

Acquired by

RAISE

FRANCE Software EV [1m EUR - 100m EUR] 06/2015

Target

QUESTEL GROUP

Acquirer

RAISE

Context

Raise Investissement and Capza (Capzanine) acquired a combined 45% stake in Questel in a secondary LBO transaction, facilitating the exit of Syntegra Capital, which had been the majority shareholder since 2008. The strategic rationale for the acquisition was to provide the financial resources and expertise needed to execute an aggressive buy-and-build strategy in the fragmented intellectual property services market. By backing CEO Charles Besson, the investors aimed to support Questel’s transition toward an integrated software and services platform and to strengthen its presence in key international markets, particularly North America. This transaction set the foundation for Questel's rapid expansion, enabling multiple strategic acquisitions—such as the purchase of ITIP—which eventually led to a significant increase in the company's valuation and operational scale.

Target

Founded in 1978, Questel is a leading global provider of intellectual property (IP) and innovation management solutions. The company’s business model is built on an integrated platform that combines sophisticated software with professional services to manage the entire IP life cycle—from the initial invention and filing to renewals and brand protection. Its value proposition centers on offering a collaborative ecosystem for large multinationals and research organizations, helping them streamline patent and brand management across 30 countries. Strategically, the firm focuses on aggressive international growth and technological integration, having significantly increased its operational scale through a concentrated buy-and-build strategy. With a workforce of 900 people and a client base of nearly 6,000, the organization acts as a critical infrastructure provider for global innovation and corporate legal departments.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2015
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2014
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Other operations with QUESTEL GROUP

DateAcquirerTargetCountrySectorTarget Description
10/2020EURAZEO / IK PARTNERS / RAISEQUESTEL GROUPFRANCE
Software

Founded in 1978, Questel is a leading global provider of intellectual property (IP) and innovation management solutions. The company’s business model is built on an integrated platform that combines sophisticated software with professional services to manage the entire IP life cycle—from the initial invention and filing to renewals and brand protection. Its value proposition centers on offering a collaborative ecosystem for large multinationals and research organizations, helping them streamline patent and brand management across 30 countries. Strategically, the firm focuses on aggressive international growth and technological integration, having significantly increased its operational scale through a concentrated buy-and-build strategy. With a workforce of 900 people and a client base of nearly 6,000, the organization acts as a critical infrastructure provider for global innovation and corporate legal departments.

02/2018IK PARTNERSQUESTEL GROUPFRANCE
Software

Founded in 1978, Questel is a leading global provider of intellectual property (IP) and innovation management solutions. The company’s business model is built on an integrated platform that combines sophisticated software with professional services to manage the entire IP life cycle—from the initial invention and filing to renewals and brand protection. Its value proposition centers on offering a collaborative ecosystem for large multinationals and research organizations, helping them streamline patent and brand management across 30 countries. Strategically, the firm focuses on aggressive international growth and technological integration, having significantly increased its operational scale through a concentrated buy-and-build strategy. With a workforce of 900 people and a client base of nearly 6,000, the organization acts as a critical infrastructure provider for global innovation and corporate legal departments.