RYDGE CONSEIL acquired by TOWERBROOK
Context
TowerBrook Fund VI completed the acquisition of RYDGE Conseil, the former chartered accountancy arm of KPMG France. This complex carve-out creates a new independent leader in the French SME services market. TowerBrook intends to support a transformational phase, investing in scalable infrastructure and digital tools while maintaining the partnership-driven culture of the firm. Francois Enaud (formerly Steria) joins as Chairman to guide the strategic transition away from the Big Four network.
RYDGE CONSEIL, which reported an EBITDA margin of LOGIN in 2024, 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 (11.1x).
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.
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Target
RYDGE Conseil is a leading French provider of essential business services, formerly operating as the Chartered Accountancy (Expertise Comptable) division of KPMG France. The company delivers mission-critical solutions in accounting, payroll, tax, legal, and advisory services specifically tailored for small and medium-sized enterprises (SMEs). It operates through a vast national network of local offices.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 250M - 500M EUR
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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).
Press release: view release
Acquirer: towerbrook