At what enterprise value was RHETORES acquired in 2025?

You can find the full valuation details of RHETORES on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 13.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of RHETORES when it was acquired by IK PARTNERS?

The estimated EV/EBITDA multiple for RHETORES is in the range of 15x - 25x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.1x. Join our community for free to access full valuation data and industry trends.

When was RHETORES acquired by IK PARTNERS?

RHETORES was acquired by IK PARTNERS in 2025.

What was the EBITDA of RHETORES during the acquisition?

RHETORES's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the RHETORES 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 RHETORES 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.cfnews.net/L-actualite/LBO/Operations/LBO-bis/Rhetores-s-offre-un-LBO-bis-550897

← DATABASE

Home Database Financial ServicesRHETORES

12/2025

RHETORES acquired by IK PARTNERS

FRANCE Wealth & Asset Management EV 300M - 700M EUR

Context

The independent wealth management group Rhetores completes its first LBO (Primary LBO) with IK Partners. The transaction values the firm at a staggering EUR310 million, setting a new benchmark multiple in the sector. The founder, Stephane Rudzinski, opens his capital to a financial sponsor for the first time to accelerate growth. The objective is to double the assets under management (AUM) by pursuing an aggressive buy-and-build strategy in the highly fragmented French market, targeting other CGP firms.

It is worth noting that the fund Activa Capital took control of Rhetores through an LBO in 2022.

RHETORES, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (13.1x).

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.

-> Deep-dive in Financial Services market trends

Target

Rhétorès Finance is a high-growth wealth management consultancy based in Paris. The firm specializes in providing sophisticated asset engineering services, focusing on a diversified product offering that includes private equity, life insurance, and real estate investments. Its business model is centered on a structured regulatory framework and continuous investment in technological platforms to enhance client service and operational efficiency. By targeting entrepreneurs and high-net-worth families, the firm delivers tailored financial advice, brokerage services for loans, and insurance mediation. The company acts as a strategic intermediary between private investors and major financial institutions, developers, or insurers. Under its current growth trajectory, the entity serves as a consolidation platform in the fragmented French wealth management market, leveraging its technical expertise in asset structuring to integrate smaller regional practices while maintaining a high level of service and compliance standards.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with RHETORES

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
02/2022	ACTIVA CAPITAL	RHETORES	FRANCE	Wealth & Asset Management	The investment by Activa Capital in Rhétorès Finance, coupled with the simultaneous acquisition of Cap Fidélis, marks the launch of a new consolidation platform in the French wealth management (CGP) sector

REFERENCES

Valuation range: EV 300M - 700M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RHETORES by IK PARTNERS 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).

Target: rhetores

Acquirer: ik partners